Sylvamo Co. (NYSE:SLVM) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 0.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,043 shares of the company’s stock after selling 138 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Sylvamo were worth $1,978,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLVM. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Sylvamo during the third quarter worth about $206,000. Crossmark Global Holdings Inc. acquired a new position in shares of Sylvamo in the 3rd quarter worth approximately $222,000. Sigma Planning Corp boosted its position in shares of Sylvamo by 6.9% during the 3rd quarter. Sigma Planning Corp now owns 7,550 shares of the company’s stock worth $648,000 after purchasing an additional 488 shares during the period. Assetmark Inc. increased its holdings in Sylvamo by 9.3% in the 3rd quarter. Assetmark Inc. now owns 25,966 shares of the company’s stock valued at $2,229,000 after purchasing an additional 2,213 shares during the last quarter. Finally, CWA Asset Management Group LLC purchased a new stake in Sylvamo in the third quarter valued at approximately $346,000. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SLVM shares. Sidoti initiated coverage on Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target for the company. Bank of America raised their target price on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price target on shares of Sylvamo from $63.00 to $71.00 and gave the stock a “sector perform” rating in a research note on Monday, August 12th.

Sylvamo Stock Performance

NYSE:SLVM opened at $81.38 on Thursday. Sylvamo Co. has a 52 week low of $44.94 and a 52 week high of $98.02. The company has a fifty day simple moving average of $83.47 and a two-hundred day simple moving average of $75.24. The company has a quick ratio of 1.05, a current ratio of 1.72 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.34 billion, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last released its earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $2.18 by $0.26. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.47 million. During the same period in the previous year, the firm posted $1.70 EPS. Sylvamo’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities analysts anticipate that Sylvamo Co. will post 7.4 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.21%. Sylvamo’s payout ratio is 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.