Sylvamo Corporation $SLVM Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lessened its stake in Sylvamo Corporation (NYSE:SLVM) by 49.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,603,664 shares of the company’s stock after selling 1,546,327 shares during the quarter. Nomura Holdings Inc. owned approximately 3.97% of Sylvamo worth $80,344,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of SLVM. Vanguard Group Inc. raised its stake in Sylvamo by 5.2% during the first quarter. Vanguard Group Inc. now owns 2,994,527 shares of the company’s stock valued at $200,843,000 after buying an additional 149,326 shares in the last quarter. Nuveen LLC bought a new stake in shares of Sylvamo in the 1st quarter valued at approximately $6,371,000. Russell Investments Group Ltd. lifted its stake in Sylvamo by 73.7% during the first quarter. Russell Investments Group Ltd. now owns 20,008 shares of the company’s stock worth $1,342,000 after purchasing an additional 8,486 shares during the last quarter. Neuberger Berman Group LLC lifted its stake in Sylvamo by 17.4% during the first quarter. Neuberger Berman Group LLC now owns 5,712 shares of the company’s stock worth $383,000 after purchasing an additional 846 shares during the last quarter. Finally, Brandywine Global Investment Management LLC boosted its holdings in Sylvamo by 16.5% in the first quarter. Brandywine Global Investment Management LLC now owns 147,902 shares of the company’s stock worth $9,920,000 after purchasing an additional 20,953 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on SLVM shares. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, October 8th. Bank of America upgraded shares of Sylvamo from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $41.00 to $59.00 in a research note on Monday, November 17th. Finally, Royal Bank Of Canada lifted their target price on Sylvamo from $47.00 to $49.00 and gave the company a “sector perform” rating in a research note on Monday, November 10th. One equities research analyst has 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, Sylvamo presently has a consensus rating of “Hold” and an average target price of $54.00.

Sylvamo Trading Up 0.5%

Shares of NYSE:SLVM opened at $50.09 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.52 and a debt-to-equity ratio of 0.80. The company’s 50-day moving average price is $44.66 and its 200 day moving average price is $46.71. The company has a market cap of $1.98 billion, a PE ratio of 11.46 and a beta of 0.95. Sylvamo Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $88.86.

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

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 3rd were paid 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 3.6%. Sylvamo’s 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.