Sylvamo Co. (NYSE:SLVM) Shares Bought by Creative Planning

Creative Planning lifted its stake in shares of Sylvamo Co. (NYSE:SLVM) by 21.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,728 shares of the company’s stock after buying an additional 1,344 shares during the quarter. Creative Planning’s holdings in Sylvamo were worth $530,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLVM. CWM LLC raised its holdings in shares of Sylvamo by 62.5% in the second quarter. CWM LLC now owns 408 shares of the company’s stock valued at $28,000 after buying an additional 157 shares during the last quarter. Independence Bank of Kentucky increased its stake in Sylvamo by 6,733.3% in the second quarter. Independence Bank of Kentucky now owns 410 shares of the company’s stock valued at $28,000 after purchasing an additional 404 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Sylvamo by 149.3% in the second quarter. Fifth Third Bancorp now owns 506 shares of the company’s stock worth $35,000 after acquiring an additional 303 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Sylvamo during the first quarter worth approximately $45,000. Finally, Blue Trust Inc. boosted its holdings in Sylvamo by 534.1% in the second quarter. Blue Trust Inc. now owns 818 shares of the company’s stock valued at $56,000 after acquiring an additional 689 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLVM. Bank of America increased their price objective on shares of Sylvamo from $82.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, September 23rd. Royal Bank of Canada increased their price objective on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

Sylvamo Price Performance

NYSE SLVM opened at $84.19 on Tuesday. The company’s 50 day simple moving average is $78.51 and its 200 day simple moving average is $71.21. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The firm has a market capitalization of $3.46 billion, a PE ratio of 17.95, a P/E/G ratio of 4.84 and a beta of 1.08. Sylvamo Co. has a 12 month low of $41.47 and a 12 month high of $88.42.

Sylvamo (NYSE:SLVM) last announced its earnings results on Friday, August 9th. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.58 by $0.40. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The business had revenue of $933.00 million during the quarter, compared to the consensus estimate of $937.56 million. During the same period in the prior year, the business posted $1.14 earnings per share. Sylvamo’s revenue was up 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that Sylvamo Co. will post 7.4 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, October 3rd will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Thursday, October 3rd. Sylvamo’s payout ratio is presently 38.38%.

Sylvamo Profile

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.