SG Americas Securities LLC Purchases 18,653 Shares of Sylvamo Corporation $SLVM

SG Americas Securities LLC grew its position in Sylvamo Corporation (NYSE:SLVM) by 8.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 242,221 shares of the company’s stock after buying an additional 18,653 shares during the quarter. SG Americas Securities LLC owned 0.61% of Sylvamo worth $10,231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SLVM. Royal Bank of Canada lifted its stake in Sylvamo by 49.4% in the first quarter. Royal Bank of Canada now owns 22,853 shares of the company’s stock worth $1,532,000 after acquiring an additional 7,556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sylvamo by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 20,690 shares of the company’s stock valued at $1,388,000 after purchasing an additional 893 shares during the period. Empowered Funds LLC raised its holdings in shares of Sylvamo by 16.9% in the 1st quarter. Empowered Funds LLC now owns 17,730 shares of the company’s stock valued at $1,189,000 after purchasing an additional 2,557 shares in the last quarter. Intech Investment Management LLC lifted its position in shares of Sylvamo by 25.9% in the 1st quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,727 shares during the period. Finally, Russell Investments Group Ltd. lifted its position in shares of Sylvamo by 23.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 24,621 shares of the company’s stock worth $1,234,000 after purchasing an additional 4,613 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Trading Down 0.5%

Shares of NYSE:SLVM opened at $39.26 on Friday. The business’s 50-day moving average is $40.23 and its 200 day moving average is $44.58. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The firm has a market capitalization of $1.56 billion, a P/E ratio of 15.52, a P/E/G ratio of 0.60 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.68 EPS. On average, research analysts predict that Sylvamo Corporation will post 2.32 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.6%. Sylvamo’s dividend payout ratio (DPR) is currently 71.15%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Royal Bank Of Canada cut their price objective on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a report on Monday, May 11th. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Truist Financial began coverage on Sylvamo in a research report on Monday, March 30th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $54.00.

Insider Activity at Sylvamo

In other news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $41.70, for a total transaction of $51,291.00. Following the sale, the director directly owned 14,475 shares of the company’s stock, valued at $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.81% of the company’s stock.

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.