21,000 Shares in Sylvamo Co. (NYSE:SLVM) Purchased by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. bought a new position in shares of Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 21,000 shares of the company’s stock, valued at approximately $1,659,000. Hussman Strategic Advisors Inc. owned 0.05% of Sylvamo as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SLVM. Creative Planning boosted its holdings in shares of Sylvamo by 430.8% during the 3rd quarter. Creative Planning now owns 41,017 shares of the company’s stock worth $3,521,000 after buying an additional 33,289 shares during the period. Blue Trust Inc. boosted its holdings in shares of Sylvamo by 324.9% during the 3rd quarter. Blue Trust Inc. now owns 3,476 shares of the company’s stock worth $298,000 after buying an additional 2,658 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Sylvamo by 6.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,568 shares of the company’s stock worth $8,977,000 after purchasing an additional 5,890 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Sylvamo in the 3rd quarter worth about $234,000. Finally, International Assets Investment Management LLC raised its stake in Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock worth $5,931,000 after purchasing an additional 68,068 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SLVM shares. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $71.27 on Thursday. The firm has a 50 day moving average of $78.93 and a 200-day moving average of $81.49. The stock has a market capitalization of $2.92 billion, a PE ratio of 9.89, a PEG ratio of 2.33 and a beta of 1.12. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 12 month low of $54.55 and a 12 month high of $98.02.

Sylvamo (NYSE:SLVM) last issued its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, equities research analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Monday, January 6th. Sylvamo’s payout ratio is presently 24.97%.

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.