Sylvamo (NYSE:SLVM) Director Lizanne Bruce Sells 1,230 Shares

Sylvamo Corporation (NYSE:SLVM) Director Lizanne Bruce sold 1,230 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the transaction, the director owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Sylvamo Stock Performance

Shares of NYSE:SLVM traded down $0.41 during midday trading on Tuesday, hitting $40.61. The stock had a trading volume of 79,225 shares, compared to its average volume of 345,612. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a 50 day moving average price of $40.72 and a two-hundred day moving average price of $45.09. The company has a market capitalization of $1.61 billion, a PE ratio of 16.05, a P/E/G ratio of 0.64 and a beta of 0.86.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The firm had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. During the same period in the prior year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts predict that Sylvamo Corporation will post 2.32 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is currently 71.15%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SLVM. Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Truist Financial began coverage on shares of Sylvamo in a research note on Monday, March 30th. They set a “buy” rating and a $54.00 price target on the stock. Finally, Royal Bank Of Canada cut their price target on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $54.00.

Hedge Funds Weigh In On Sylvamo

Several hedge funds and other institutional investors have recently bought and sold shares of SLVM. UMB Bank n.a. boosted its position in Sylvamo by 171.2% during the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after purchasing an additional 356 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sylvamo by 222.8% in the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after buying an additional 528 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Sylvamo during the 4th quarter worth $38,000. Advisory Services Network LLC acquired a new position in shares of Sylvamo during the 3rd quarter worth $38,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Sylvamo by 162.7% in the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after buying an additional 519 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.