Sylvamo Corporation $SLVM Shares Bought by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in Sylvamo Corporation (NYSE:SLVM) by 17.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,076 shares of the company’s stock after purchasing an additional 1,821 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Sylvamo were worth $605,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MorganRosel Wealth Management LLC boosted its holdings in Sylvamo by 1.3% during the first quarter. MorganRosel Wealth Management LLC now owns 17,472 shares of the company’s stock worth $1,172,000 after buying an additional 223 shares in the last quarter. Perigon Wealth Management LLC lifted its position in shares of Sylvamo by 3.6% during the 1st quarter. Perigon Wealth Management LLC now owns 9,233 shares of the company’s stock valued at $619,000 after acquiring an additional 323 shares during the last quarter. RHS Financial LLC lifted its position in shares of Sylvamo by 9.1% during the 1st quarter. RHS Financial LLC now owns 4,095 shares of the company’s stock valued at $275,000 after acquiring an additional 343 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in shares of Sylvamo by 1.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 23,478 shares of the company’s stock worth $1,176,000 after acquiring an additional 397 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sylvamo by 11.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company’s stock worth $360,000 after acquiring an additional 481 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Up 0.1%

Shares of Sylvamo stock opened at $44.83 on Monday. Sylvamo Corporation has a 1 year low of $37.51 and a 1 year high of $98.02. The company has a market cap of $1.81 billion, a P/E ratio of 8.57, a P/E/G ratio of 2.51 and a beta of 0.97. The company has a current ratio of 1.54, a quick ratio of 0.91 and a debt-to-equity ratio of 0.80. The stock has a 50-day moving average price of $44.62 and a 200 day moving average price of $52.03.

Sylvamo (NYSE:SLVM) last issued its earnings results on Friday, August 8th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.10). The business had revenue of $794.00 million during the quarter, compared to analyst estimates of $826.60 million. Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. Sylvamo’s revenue for the quarter was down 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. As a group, analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 3rd will be given a $0.45 dividend. The ex-dividend date is Friday, October 3rd. This represents a $1.80 dividend on an annualized basis and a yield of 4.0%. Sylvamo’s dividend payout ratio is presently 34.42%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a report on Saturday, September 27th. Bank of America cut their price objective on Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a report on Wednesday, July 9th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the stock a “sector perform” rating in a report on Monday, August 11th. Finally, Zacks Research raised shares of Sylvamo to a “strong sell” rating in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $71.00.

About Sylvamo

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.