Stifel Financial Corp Sells 341 Shares of Sylvamo Co. (NYSE:SLVM)

Stifel Financial Corp lowered its position in Sylvamo Co. (NYSE:SLVM) by 8.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,933 shares of the company’s stock after selling 341 shares during the period. Stifel Financial Corp’s holdings in Sylvamo were worth $338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in Sylvamo by 83,084.0% in the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after purchasing an additional 2,301,427 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Sylvamo by 5.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock worth $90,276,000 after buying an additional 62,157 shares during the period. FMR LLC increased its stake in shares of Sylvamo by 4.4% in the 3rd quarter. FMR LLC now owns 724,391 shares of the company’s stock worth $62,189,000 after acquiring an additional 30,345 shares in the last quarter. American Century Companies Inc. lifted its position in Sylvamo by 53.2% during the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after acquiring an additional 230,291 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Sylvamo by 0.4% during the second quarter. Bank of New York Mellon Corp now owns 483,621 shares of the company’s stock worth $33,176,000 after acquiring an additional 1,779 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

SLVM stock opened at $79.46 on Friday. The stock’s 50 day simple moving average is $87.37 and its 200 day simple moving average is $79.45. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. Sylvamo Co. has a 12-month low of $44.94 and a 12-month high of $98.02. The stock has a market capitalization of $3.26 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $2.18 by $0.26. The company had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. Sylvamo’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. As a group, research analysts forecast that Sylvamo Co. will post 7.15 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.27%. Sylvamo’s payout ratio is 27.99%.

Analyst Upgrades and Downgrades

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

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.