14,954 Shares in Sylvamo Corporation $SLVM Acquired by Foster & Motley Inc.

Foster & Motley Inc. acquired a new stake in Sylvamo Corporation (NYSE:SLVM) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 14,954 shares of the company’s stock, valued at approximately $565,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in shares of 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 buying an additional 7,556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 893 shares in the last quarter. Empowered Funds LLC raised its holdings in 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 acquiring an additional 2,557 shares during the last quarter. Intech Investment Management LLC raised its holdings in Sylvamo by 25.9% in the 1st quarter. Intech Investment Management LLC now owns 18,140 shares of the company’s stock valued at $1,217,000 after acquiring an additional 3,727 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

SLVM has been the topic of several recent research reports. Bank of America restated a “neutral” rating and set a $45.00 target price on shares of Sylvamo in a report on Tuesday, July 14th. Truist Financial reiterated a “buy” rating and set a $49.00 price objective (down from $51.00) on shares of Sylvamo in a research report on Monday, August 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of Sylvamo in a research note on Friday, August 7th. Zacks Research cut Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada cut their target price on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research note on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sylvamo currently has an average rating of “Reduce” and a consensus target price of $46.67.

Insider Transactions at Sylvamo

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction on Monday, June 15th. The stock was sold at an average price of $41.70, for a total value of $51,291.00. Following the sale, the director owned 14,475 shares in the company, valued at $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.81% of the stock is currently owned by company insiders.

Sylvamo Stock Performance

Sylvamo stock opened at $37.08 on Thursday. The firm has a 50 day simple moving average of $38.73 and a 200-day simple moving average of $41.48. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 19.72, a price-to-earnings-growth ratio of 1.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.47 and a quick ratio of 0.80. Sylvamo Corporation has a 1-year low of $35.53 and a 1-year high of $56.80.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Friday, August 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The firm had revenue of $806.00 million for the quarter, compared to analyst estimates of $811.25 million. During the same quarter in the previous year, the company earned $0.37 EPS. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. On average, analysts expect that Sylvamo Corporation will post 1.53 EPS for the current year.

About Sylvamo

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.