William Blair Investment Management LLC Buys Shares of 701,497 Sylvamo Corporation $SLVM

William Blair Investment Management LLC bought a new stake in Sylvamo Corporation (NYSE:SLVM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 701,497 shares of the company’s stock, valued at approximately $33,777,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Nomura Holdings Inc. lifted its stake in Sylvamo by 34.1% in the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock valued at $95,073,000 after acquiring an additional 546,336 shares during the last quarter. American Century Companies Inc. lifted its stake in Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock valued at $57,086,000 after acquiring an additional 87,095 shares during the last quarter. Wasatch Advisors LP lifted its stake in Sylvamo by 12.5% in the third quarter. Wasatch Advisors LP now owns 941,999 shares of the company’s stock valued at $41,655,000 after acquiring an additional 104,778 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Sylvamo by 5.2% in the third quarter. Allianz Asset Management GmbH now owns 557,398 shares of the company’s stock valued at $24,648,000 after acquiring an additional 27,593 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Sylvamo by 26.0% in the second quarter. Invesco Ltd. now owns 429,783 shares of the company’s stock worth $21,532,000 after buying an additional 88,562 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sylvamo

In related 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 transaction, the senior vice president owned 46,484 shares of the company’s stock, valued at approximately $2,159,646.64. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Sylvamo Price Performance

Shares of Sylvamo stock opened at $38.13 on Monday. The firm has a fifty day simple moving average of $41.11 and a 200-day simple moving average of $45.69. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Sylvamo Corporation has a 1-year low of $35.53 and a 1-year high of $56.80. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 15.07, a PEG ratio of 0.58 and a beta of 0.91.

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

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.7%. Sylvamo’s payout ratio is 71.15%.

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.