Shares of Sylvamo Corporation (NYSE:SLVM – Get Free Report) have earned an average rating of “Reduce” from the five research firms that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $47.3333.
SLVM has been the topic of a number of analyst reports. Zacks Research cut Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. Bank of America reissued a “neutral” rating and set a $45.00 price objective on shares of Sylvamo in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Truist Financial decreased their target price on shares of Sylvamo from $54.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of Sylvamo from a “hold” rating to a “sell” rating in a report on Saturday.
View Our Latest Stock Report on Sylvamo
Sylvamo Stock Down 1.6%
Sylvamo (NYSE:SLVM – Get Free Report) last released its earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company’s revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. On average, equities analysts anticipate that Sylvamo will post 2.2 earnings per share for the current year.
Sylvamo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be given a $0.45 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.8%. Sylvamo’s payout ratio is presently 71.15%.
Insider Activity
In other news, Director Lizanne M. Bruce sold 1,230 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the transaction, the director directly owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. This represents a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.
Institutional Trading of Sylvamo
Large investors have recently modified their holdings of the business. Wedge Capital Management L L P NC increased its holdings in Sylvamo by 0.8% during the 4th quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock valued at $1,480,000 after purchasing an additional 245 shares during the period. Lazard Asset Management LLC lifted its holdings in Sylvamo by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock worth $1,473,000 after buying an additional 259 shares during the period. Rock Point Advisors LLC grew its position in shares of Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock worth $3,963,000 after buying an additional 265 shares during the last quarter. UMB Bank n.a. grew its position in shares of Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after buying an additional 356 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after buying an additional 519 shares during the period. 91.16% of the stock is owned by institutional investors.
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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