Sylvamo Co. (NYSE:SLVM) Stock Holdings Boosted by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of Sylvamo Co. (NYSE:SLVM) by 43.6% in the 4th quarter, Holdings Channel reports. The fund owned 662 shares of the company’s stock after buying an additional 201 shares during the period. GAMMA Investing LLC’s holdings in Sylvamo were worth $52,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Tidal Investments LLC grew its position in shares of Sylvamo by 150.9% during the third quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after acquiring an additional 13,512 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Sylvamo by 473.5% during the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after acquiring an additional 15,247 shares during the last quarter. Citigroup Inc. grew its position in shares of Sylvamo by 67.0% during the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock worth $3,994,000 after acquiring an additional 18,657 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Sylvamo by 6,693.0% during the third quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock worth $5,931,000 after acquiring an additional 68,068 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in Sylvamo by 724.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock valued at $3,220,000 after buying an additional 32,954 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

Shares of SLVM opened at $77.84 on Tuesday. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The company has a quick ratio of 1.13, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.19 billion, a PE ratio of 12.11, a P/E/G ratio of 2.92 and a beta of 1.13. The firm has a 50-day moving average price of $85.79 and a 200 day moving average price of $80.22.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. During the same period in the prior year, the company earned $1.70 EPS. Sylvamo’s revenue was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, January 6th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend is Monday, January 6th. Sylvamo’s payout ratio is 27.99%.

Wall Street Analyst Weigh In

SLVM has been the subject of a number of recent analyst reports. Bank of America reiterated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th. Sidoti initiated coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price for the company.

About Sylvamo

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.