Mirabella Financial Services LLP Acquires 18,097 Shares of Sylvamo Corporation $SLVM

Mirabella Financial Services LLP grew its holdings in Sylvamo Corporation (NYSE:SLVM) by 89.4% during the third quarter, Holdings Channel reports. The firm owned 38,351 shares of the company’s stock after acquiring an additional 18,097 shares during the quarter. Mirabella Financial Services LLP’s holdings in Sylvamo were worth $1,693,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in Sylvamo by 49.4% during the first quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock worth $1,532,000 after purchasing an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 during the period. Empowered Funds LLC boosted its holdings in shares of Sylvamo by 16.9% during the 1st quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock worth $1,189,000 after buying an additional 2,557 shares in the last quarter. Intech Investment Management LLC boosted its holdings in shares of Sylvamo by 25.9% during the 1st quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock worth $1,217,000 after buying an additional 3,727 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Sylvamo by 0.7% during the 2nd quarter. Geode Capital Management LLC now owns 985,834 shares of the company’s stock worth $49,396,000 after buying an additional 6,989 shares during the period. Institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $53.00 price objective on shares of Sylvamo in a research note on Thursday, December 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.00.

Insider Buying and Selling

In other Sylvamo news, SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total transaction of $150,995.00. Following the completion of the sale, the senior vice president owned 46,484 shares in the company, valued at approximately $2,159,646.64. The trade was a 6.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.74% of the company’s stock.

Sylvamo Stock Down 1.9%

SLVM stock opened at $38.90 on Friday. The stock’s 50 day simple moving average is $48.02 and its 200 day simple moving average is $46.31. The company has a market cap of $1.54 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 0.46 and a beta of 0.96. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50. Sylvamo Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $68.76.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Thursday, February 12th. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The firm had revenue of $890.00 million during the quarter, compared to analysts’ expectations of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 earnings per share. On average, research analysts expect that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Investors of record on Tuesday, April 7th will be given a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 7th. This represents a $1.80 annualized dividend and a yield of 4.6%. Sylvamo’s dividend payout ratio (DPR) is presently 55.21%.

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.