12,849 Shares in Sylvamo Co. (NYSE:SLVM) Purchased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new position in Sylvamo Co. (NYSE:SLVM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,849 shares of the company’s stock, valued at approximately $793,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLVM. Mackenzie Financial Corp bought a new position in Sylvamo in the 4th quarter worth about $219,000. Truist Financial Corp bought a new position in Sylvamo in the 4th quarter worth about $308,000. Donoghue Forlines LLC grew its stake in Sylvamo by 4.0% in the 4th quarter. Donoghue Forlines LLC now owns 7,135 shares of the company’s stock worth $350,000 after acquiring an additional 275 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sylvamo by 12.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,775 shares of the company’s stock worth $382,000 after acquiring an additional 832 shares in the last quarter. Finally, U S Global Investors Inc. bought a new position in Sylvamo in the 4th quarter worth about $393,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Price Performance

NYSE SLVM opened at $67.97 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.72. The firm’s 50 day moving average price is $67.25 and its 200-day moving average price is $58.46. Sylvamo Co. has a 52-week low of $37.59 and a 52-week high of $72.48. The company has a market cap of $2.80 billion, a PE ratio of 14.49, a P/E/G ratio of 0.33 and a beta of 1.11.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Friday, May 10th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. Sylvamo had a net margin of 5.40% and a return on equity of 24.67%. The firm had revenue of $905.00 million for the quarter, compared to the consensus estimate of $864.38 million. During the same period last year, the firm earned $2.51 earnings per share. The company’s quarterly revenue was down 3.8% on a year-over-year basis. Sell-side analysts forecast that Sylvamo Co. will post 6.75 EPS for the current fiscal year.

Sylvamo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Monday, July 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, July 8th. This is an increase from Sylvamo’s previous quarterly dividend of $0.30. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.65%. Sylvamo’s dividend payout ratio (DPR) is currently 25.59%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their target price on shares of Sylvamo from $56.00 to $63.00 and gave the stock a “sector perform” rating in a research note on Monday, May 13th.

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.