Mitchell Mcleod Pugh & Williams Inc. Increases Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Sylvamo Co. (NYSE:SLVM) by 24.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,984 shares of the company’s stock after buying an additional 590 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Sylvamo were worth $236,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC lifted its position in Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after acquiring an additional 239 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after purchasing an additional 171 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after purchasing an additional 772 shares during the last quarter. Kimelman & Baird LLC acquired a new stake in shares of Sylvamo in the 2nd quarter valued at about $78,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Sylvamo during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SLVM shares. Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective for the company. Bank of America reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Down 1.7 %

Shares of SLVM stock opened at $77.88 on Tuesday. The company has a market capitalization of $3.19 billion, a P/E ratio of 12.11, a price-to-earnings-growth ratio of 2.13 and a beta of 1.13. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average is $84.69 and its two-hundred day moving average is $80.52. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02.

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

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Monday, January 6th will be given a $0.45 dividend. The ex-dividend date is Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.31%. Sylvamo’s dividend payout ratio is presently 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.