Sylvamo Co. (NYSE:SLVM) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. cut its position in Sylvamo Co. (NYSE:SLVM) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,797,772 shares of the company’s stock after selling 506,425 shares during the quarter. Pacer Advisors Inc. owned approximately 4.38% of Sylvamo worth $142,060,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC boosted its holdings in shares of 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 period. GAMMA Investing LLC raised its position in 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. Fifth Third Bancorp boosted its stake in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC grew its position in Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after purchasing an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the third quarter valued at $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SLVM. Bank of America reissued an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price on the stock.

Sylvamo Stock Down 0.2 %

SLVM stock opened at $81.22 on Monday. The stock has a market capitalization of $3.33 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 2.30 and a beta of 1.13. The company has a fifty day moving average of $84.07 and a 200-day moving average of $81.00. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02.

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

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio (DPR) is 27.99%.

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.