Sigma Planning Corp Purchases 1,825 Shares of Sylvamo Co. (NYSE:SLVM)

Sigma Planning Corp grew its position in shares of Sylvamo Co. (NYSE:SLVM) by 24.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 9,375 shares of the company’s stock after acquiring an additional 1,825 shares during the quarter. Sigma Planning Corp’s holdings in Sylvamo were worth $741,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Fortitude Family Office LLC raised its position in Sylvamo by 116.6% during the third 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 period. GAMMA Investing LLC increased its position in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Fifth Third Bancorp raised its holdings in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after buying an additional 214 shares during the period. LRI Investments LLC lifted its position in Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after buying an additional 772 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Sylvamo during the third quarter worth $82,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

SLVM opened at $69.54 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The business has a fifty day moving average of $77.42 and a 200 day moving average of $81.60. Sylvamo Co. has a 52-week low of $55.50 and a 52-week high of $98.02. The stock has a market cap of $2.85 billion, a P/E ratio of 9.64, a PEG 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. As a group, sell-side analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. Sylvamo’s dividend payout ratio is currently 24.97%.

Analysts Set New Price Targets

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

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.