LMG Wealth Partners LLC Acquires Shares of 5,181 Sylvamo Corporation $SLVM

LMG Wealth Partners LLC acquired a new stake in shares of Sylvamo Corporation (NYSE:SLVM) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,181 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also bought and sold shares of SLVM. Vanguard Group Inc. grew its holdings in Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after purchasing an additional 149,326 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Sylvamo by 351.8% in the first quarter. Victory Capital Management Inc. now owns 166,844 shares of the company’s stock worth $11,190,000 after acquiring an additional 129,916 shares during the period. Jane Street Group LLC boosted its holdings in shares of Sylvamo by 248.4% in the first quarter. Jane Street Group LLC now owns 174,648 shares of the company’s stock worth $11,714,000 after acquiring an additional 124,521 shares during the period. American Century Companies Inc. boosted its holdings in shares of Sylvamo by 10.6% in the first quarter. American Century Companies Inc. now owns 1,123,686 shares of the company’s stock worth $75,366,000 after acquiring an additional 107,622 shares during the period. Finally, Nuveen LLC bought a new position in shares of Sylvamo in the first quarter worth $6,371,000. 91.16% of the stock is owned by institutional investors.

Sylvamo Trading Up 0.0%

Shares of SLVM stock opened at $41.98 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.91 and a current ratio of 1.54. Sylvamo Corporation has a 52-week low of $37.51 and a 52-week high of $98.02. The company has a market capitalization of $1.69 billion, a PE ratio of 8.03, a price-to-earnings-growth ratio of 2.67 and a beta of 0.97. The business’s fifty day moving average is $43.84 and its 200 day moving average is $50.34.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Friday, October 3rd. Sylvamo’s dividend payout ratio (DPR) is 34.42%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SLVM shares. Zacks Research raised Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, October 8th. Bank of America cut their price target on Sylvamo from $67.00 to $64.00 and set an “underperform” rating for the company in a report on Wednesday, July 9th. Finally, Royal Bank Of Canada set a $49.00 price target on Sylvamo and gave the stock a “sector perform” rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $56.50.

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.