UBS Group AG raised its position in Sylvamo Corporation (NYSE:SLVM – Free Report) by 172.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 338,414 shares of the company’s stock after purchasing an additional 214,016 shares during the period. UBS Group AG’s holdings in Sylvamo were worth $16,295,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SLVM. Royal Bank of Canada increased its holdings in Sylvamo by 49.4% in the first quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock valued at $1,532,000 after buying an additional 7,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sylvamo by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock valued at $1,388,000 after buying an additional 893 shares in the last quarter. Empowered Funds LLC increased its holdings in Sylvamo by 16.9% in the first quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock valued at $1,189,000 after buying an additional 2,557 shares in the last quarter. Intech Investment Management LLC increased its holdings in Sylvamo by 25.9% in the first quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock valued at $1,217,000 after buying an additional 3,727 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Sylvamo by 23.1% in the second quarter. Russell Investments Group Ltd. now owns 24,621 shares of the company’s stock valued at $1,234,000 after buying an additional 4,613 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.
Sylvamo Stock Performance
SLVM opened at $39.86 on Wednesday. The firm has a market capitalization of $1.58 billion, a PE ratio of 15.76, a PEG ratio of 0.50 and a beta of 0.91. Sylvamo Corporation has a twelve month low of $37.09 and a twelve month high of $57.65. The firm’s 50-day moving average price is $42.27 and its 200 day moving average price is $45.93. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78.
Sylvamo Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th were given a dividend of $0.45 per share. The ex-dividend date was Tuesday, April 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.5%. Sylvamo’s payout ratio is presently 71.15%.
Insiders Place Their Bets
In related news, SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total transaction of $150,995.00. Following the transaction, the senior vice president directly owned 46,484 shares in the company, valued at approximately $2,159,646.64. The trade was a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.81% of the company’s stock.
Wall Street Analysts Forecast Growth
SLVM has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. Royal Bank Of Canada dropped their target price on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday. Truist Financial started coverage on shares of Sylvamo in a research report on Monday, March 30th. They issued a “buy” rating and a $54.00 target price on the stock. Finally, Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $54.00.
Check Out Our Latest Report on Sylvamo
Sylvamo Company Profile
Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.
The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.
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