Sigma Planning Corp Acquires 488 Shares of Sylvamo Co. (NYSE:SLVM)

Sigma Planning Corp boosted its holdings in Sylvamo Co. (NYSE:SLVM) by 6.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,550 shares of the company’s stock after acquiring an additional 488 shares during the period. Sigma Planning Corp’s holdings in Sylvamo were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SLVM. SG Americas Securities LLC acquired a new position in Sylvamo in the 2nd quarter valued at $62,101,000. American Century Companies Inc. grew its holdings in Sylvamo by 53.2% in the 2nd quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after buying an additional 230,291 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Sylvamo in the 2nd quarter valued at $9,997,000. Vanguard Group Inc. grew its holdings in Sylvamo by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock valued at $174,771,000 after buying an additional 138,655 shares in the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock valued at $5,931,000 after buying an additional 68,068 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on SLVM. Bank of America upped their price objective on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Royal Bank of Canada increased their target price on Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a report on Monday, August 12th. Finally, Sidoti began coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock.

Sylvamo Stock Performance

SLVM opened at $84.32 on Friday. The firm has a market cap of $3.46 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08. Sylvamo Co. has a 52-week low of $44.94 and a 52-week high of $98.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.05 and a current ratio of 1.72. The business’s fifty day moving average is $83.59 and its 200-day moving average is $75.29.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.18 by $0.26. The business had revenue of $965.00 million for the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. Sylvamo’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. Sell-side analysts expect that Sylvamo Co. will post 7.4 EPS for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.13%. The ex-dividend date of this dividend was Thursday, October 3rd. Sylvamo’s dividend payout ratio (DPR) is presently 27.99%.

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.