162,600 Shares in Sylvamo Corporation $SLVM Acquired by Fourth Sail Capital LP

Fourth Sail Capital LP bought a new stake in shares of Sylvamo Corporation (NYSE:SLVM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 162,600 shares of the company’s stock, valued at approximately $8,146,000. Sylvamo accounts for about 1.7% of Fourth Sail Capital LP’s investment portfolio, making the stock its 23rd biggest holding. Fourth Sail Capital LP owned approximately 0.40% of Sylvamo at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock worth $200,843,000 after buying an additional 149,326 shares during the period. LSV Asset Management grew its stake in Sylvamo by 0.7% during the first quarter. LSV Asset Management now owns 1,804,055 shares of the company’s stock worth $120,998,000 after purchasing an additional 12,371 shares during the period. American Century Companies Inc. lifted its stake in Sylvamo by 10.6% in the first quarter. American Century Companies Inc. now owns 1,123,686 shares of the company’s stock valued at $75,366,000 after buying an additional 107,622 shares during the period. Allianz Asset Management GmbH grew its position in shares of Sylvamo by 6.8% during the 1st quarter. Allianz Asset Management GmbH now owns 542,288 shares of the company’s stock worth $36,371,000 after buying an additional 34,323 shares during the period. Finally, Royce & Associates LP increased its stake in Sylvamo by 12.2% in the first quarter. Royce & Associates LP now owns 385,234 shares of the company’s stock valued at $25,838,000 after purchasing an additional 42,018 shares in the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SLVM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the stock a “sector perform” rating in a research note on Monday, August 11th. Finally, Zacks Research raised shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sylvamo presently has an average rating of “Reduce” and a consensus price target of $56.50.

Sylvamo Stock Up 0.2%

Shares of NYSE SLVM opened at $43.15 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.85. Sylvamo Corporation has a one year low of $37.51 and a one year high of $98.02. The firm’s 50 day simple moving average is $43.16 and its two-hundred day simple moving average is $48.44. The stock has a market capitalization of $1.74 billion, a P/E ratio of 9.87 and a beta of 0.96.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, November 7th. The company reported $1.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). The company had revenue of $846.00 million during the quarter, compared to the consensus estimate of $840.32 million. Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The company’s revenue was down 12.3% on a year-over-year basis. During the same period last year, the firm posted $2.44 EPS. As a group, analysts expect that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $1.80 annualized dividend and a yield of 4.2%. Sylvamo’s dividend payout ratio is presently 41.19%.

Sylvamo Company 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.