Sylvamo Co. (NYSE:SLVM) Stake Boosted by CWA Asset Management Group LLC

CWA Asset Management Group LLC boosted its stake in shares of Sylvamo Co. (NYSE:SLVM) by 21.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,900 shares of the company’s stock after buying an additional 873 shares during the period. CWA Asset Management Group LLC’s holdings in Sylvamo were worth $387,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SLVM. Pacer Advisors Inc. increased its position in shares of 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 acquiring an additional 2,301,427 shares in the last quarter. State Street Corp grew its position in Sylvamo by 0.9% during the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after purchasing an additional 12,181 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Sylvamo by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock valued at $90,276,000 after purchasing an additional 62,157 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Sylvamo by 3.1% in the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company’s stock valued at $78,652,000 after purchasing an additional 27,859 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after purchasing an additional 30,345 shares in the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Trading Up 0.8 %

Sylvamo stock opened at $77.09 on Thursday. Sylvamo Co. has a 12 month low of $44.94 and a 12 month 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 stock has a market cap of $3.16 billion, a P/E ratio of 11.99, a P/E/G ratio of 2.92 and a beta of 1.13. The company’s fifty day simple moving average is $86.29 and its 200-day simple moving average is $79.96.

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

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Monday, January 6th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.33%. Sylvamo’s dividend payout ratio is currently 27.99%.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several recent analyst reports. Bank of America reissued an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price on the stock.

Sylvamo Company 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.