Allianz Asset Management GmbH Acquires 27,593 Shares of Sylvamo Corporation $SLVM

Allianz Asset Management GmbH grew its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 5.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 557,398 shares of the company’s stock after purchasing an additional 27,593 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.38% of Sylvamo worth $24,648,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SLVM. Versant Capital Management Inc lifted its holdings in Sylvamo by 328.3% during the 3rd quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after acquiring an additional 638 shares during the period. Blue Trust Inc. raised its stake in shares of Sylvamo by 54.0% during the second quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock valued at $61,000 after acquiring an additional 424 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Sylvamo by 339.7% during the second quarter. Tower Research Capital LLC TRC now owns 3,526 shares of the company’s stock valued at $177,000 after acquiring an additional 2,724 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Sylvamo by 28.6% in the second quarter. BNP Paribas Financial Markets now owns 3,567 shares of the company’s stock valued at $179,000 after purchasing an additional 794 shares during the period. 91.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Bank of America upgraded Sylvamo from an “underperform” rating to a “buy” rating and raised their price objective for the stock from $41.00 to $59.00 in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $53.00 price objective on shares of Sylvamo in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.00.

Sylvamo Trading Up 2.0%

Shares of NYSE:SLVM opened at $50.70 on Friday. The company has a market capitalization of $2.00 billion, a PE ratio of 11.60 and a beta of 0.95. The company has a current ratio of 1.52, a quick ratio of 0.85 and a debt-to-equity ratio of 0.80. Sylvamo Corporation has a 12-month low of $37.51 and a 12-month high of $78.50. The business’s fifty day simple moving average is $49.56 and its 200-day simple moving average is $46.20.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, November 7th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). The company had revenue of $846.00 million for the quarter, compared to the consensus estimate of $840.32 million. Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. Sylvamo’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.44 EPS. As a group, equities research analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Shareholders of record on Monday, January 5th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, January 5th. Sylvamo’s dividend payout ratio (DPR) is 41.19%.

Sylvamo 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.