Allianz Asset Management GmbH Buys 72,226 Shares of Sylvamo Co. (NYSE:SLVM)

Allianz Asset Management GmbH boosted its position in Sylvamo Co. (NYSE:SLVM) by 16.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 507,965 shares of the company’s stock after acquiring an additional 72,226 shares during the quarter. Allianz Asset Management GmbH’s holdings in Sylvamo were worth $40,139,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC increased its position in shares of Sylvamo by 116.6% during the 3rd quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares during the last quarter. GAMMA Investing LLC grew its position in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after acquiring an additional 201 shares during the last quarter. Fifth Third Bancorp grew its position in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares during the last quarter. LRI Investments LLC raised its stake in shares of Sylvamo by 4,825.0% during the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after acquiring an additional 772 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sylvamo in the 3rd quarter worth approximately $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

Shares of Sylvamo stock opened at $68.33 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a one year low of $54.59 and a one year high of $98.02. The business’s 50 day simple moving average is $78.16 and its two-hundred day simple moving average is $81.64. The stock has a market capitalization of $2.80 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.

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

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

Analyst Ratings Changes

SLVM has been the topic of several recent research reports. Bank of America reaffirmed an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada reduced their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th.

Sylvamo Profile

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.