Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras Sells 21,250 Shares

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at $8,591,575.16. This represents a 13.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Jeanmichel Ribieras also recently made the following trade(s):

• On Monday, March 10th, Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50.

Sylvamo Price Performance

SLVM stock opened at $66.49 on Thursday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The company’s 50-day moving average is $73.46 and its 200-day moving average is $80.46. The stock has a market capitalization of $2.70 billion, a PE ratio of 9.22, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 1 year low of $56.35 and a 1 year high of $98.02.

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

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.71%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is currently 24.97%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SLVM. Pacer Advisors Inc. increased its position in shares of Sylvamo by 83,084.0% during the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after acquiring an additional 2,301,427 shares in the last quarter. First Trust Advisors LP boosted its stake in Sylvamo by 39.7% during the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company’s stock valued at $93,045,000 after purchasing an additional 334,792 shares during the last quarter. American Century Companies Inc. increased its holdings in Sylvamo by 15.2% during the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company’s stock worth $80,289,000 after purchasing an additional 134,066 shares in the last quarter. Millennium Management LLC raised its stake in shares of Sylvamo by 185.1% in the fourth quarter. Millennium Management LLC now owns 144,431 shares of the company’s stock worth $11,413,000 after purchasing an additional 93,767 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Sylvamo in the fourth quarter valued at approximately $6,505,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on SLVM. Royal Bank of Canada cut their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th.

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.