Sylvamo Co. (NYSE:SLVM) Shares Bought by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL raised its position in Sylvamo Co. (NYSE:SLVM) by 27.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 9,118 shares of the company’s stock after buying an additional 1,989 shares during the quarter. Chesapeake Capital Corp IL’s holdings in Sylvamo were worth $773,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Entropy Technologies LP acquired a new position in Sylvamo in the 3rd quarter valued at $211,000. Versor Investments LP purchased a new position in shares of Sylvamo in the 3rd quarter valued at about $230,000. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in shares of Sylvamo in the 3rd quarter valued at about $206,000. Crossmark Global Holdings Inc. purchased a new position in shares of Sylvamo in the 3rd quarter valued at about $222,000. Finally, Sigma Planning Corp increased its holdings in shares of Sylvamo by 6.9% in the 3rd quarter. Sigma Planning Corp now owns 7,550 shares of the company’s stock valued at $648,000 after purchasing an additional 488 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Sidoti assumed coverage on shares of Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price target for the company. Royal Bank of Canada increased their price target on shares of Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a report on Monday, August 12th. Finally, Bank of America increased their price target on shares of Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd.

Sylvamo Price Performance

Shares of NYSE SLVM opened at $84.59 on Friday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 4.73 and a beta of 1.08. Sylvamo Co. has a 52 week low of $44.94 and a 52 week high of $98.02. The company’s 50-day moving average price is $83.95 and its 200 day moving average price is $75.59. The company has a current ratio of 1.72, a quick ratio of 1.05 and a debt-to-equity ratio of 0.94.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. The firm had revenue of $965.00 million for the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The firm’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. As a group, research analysts forecast that Sylvamo Co. will post 7.07 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.80 annualized dividend and a dividend yield of 2.13%. Sylvamo’s dividend payout ratio is currently 27.99%.

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.