MetLife Investment Advisors LLC boosted its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 10.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,580 shares of the company’s stock after buying an additional 1,326 shares during the period. MetLife Investment Advisors LLC’s holdings in Schweitzer-Mauduit International were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in the stock. Mason Street Advisors LLC increased its holdings in shares of Schweitzer-Mauduit International by 3.9% in the first quarter. Mason Street Advisors LLC now owns 9,923 shares of the company’s stock valued at $384,000 after purchasing an additional 368 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Schweitzer-Mauduit International during the first quarter worth $410,000. Piedmont Investment Advisors Inc. acquired a new stake in shares of Schweitzer-Mauduit International in the first quarter valued at $301,000. D. E. Shaw & Co. Inc. grew its stake in shares of Schweitzer-Mauduit International by 232.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 20,933 shares of the company’s stock valued at $524,000 after buying an additional 14,637 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Schweitzer-Mauduit International by 140.4% in the fourth quarter. Barclays PLC now owns 249,893 shares of the company’s stock valued at $6,259,000 after buying an additional 145,923 shares in the last quarter. 90.18% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research reaffirmed a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, May 1st. The company reported $0.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.78 by ($0.10). Schweitzer-Mauduit International had a net margin of 8.81% and a return on equity of 18.45%. The company had revenue of $258.00 million during the quarter, compared to analysts’ expectations of $274.50 million. During the same quarter last year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Schweitzer-Mauduit International, Inc. will post 3.45 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, May 24th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend was Thursday, May 23rd. Schweitzer-Mauduit International’s dividend payout ratio is presently 50.57%.
Schweitzer-Mauduit International Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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