Fourth Sail Capital LP Sells 200,300 Shares of Sylvamo Corporation $SLVM

Fourth Sail Capital LP trimmed its holdings in Sylvamo Corporation (NYSE:SLVM) by 36.4% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 350,632 shares of the company’s stock after selling 200,300 shares during the quarter. Sylvamo comprises approximately 2.7% of Fourth Sail Capital LP’s portfolio, making the stock its 19th biggest position. Fourth Sail Capital LP owned about 0.89% of Sylvamo worth $16,883,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SLVM. William Blair Investment Management LLC bought a new stake in Sylvamo in the 4th quarter worth about $33,777,000. Nomura Holdings Inc. boosted its position in Sylvamo by 34.1% in the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after purchasing an additional 546,336 shares during the last quarter. Millennium Management LLC boosted its position in Sylvamo by 3,945.8% in the third quarter. Millennium Management LLC now owns 316,380 shares of the company’s stock worth $13,990,000 after purchasing an additional 308,560 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Sylvamo in the second quarter worth about $15,030,000. Finally, Life Cycle Investment Partners Ltd purchased a new position in Sylvamo in the fourth quarter worth about $13,438,000. 91.16% of the stock is currently owned by institutional investors.

Sylvamo Stock Down 0.0%

SLVM stock opened at $41.60 on Friday. Sylvamo Corporation has a twelve month low of $35.53 and a twelve month high of $56.80. The company has a quick ratio of 0.81, a current ratio of 1.45 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.65 billion, a P/E ratio of 16.44, a PEG ratio of 0.64 and a beta of 0.86. The business’s 50-day moving average price is $40.75 and its 200-day moving average price is $45.15.

Sylvamo (NYSE:SLVM) last posted 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 net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same period in the previous year, the firm earned $0.68 earnings per share. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts forecast that Sylvamo Corporation will post 2.32 EPS for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s payout ratio is presently 71.15%.

Analyst Upgrades and Downgrades

SLVM has been the topic of several research reports. Truist Financial initiated coverage on Sylvamo in a research report on Monday, March 30th. They issued a “buy” rating and a $54.00 target price on the stock. Royal Bank Of Canada dropped their target price on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, May 11th. Weiss Ratings cut Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research raised Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two equities 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $54.00.

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.