Sylvamo (NYSE:SLVM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sylvamo (NYSE:SLVM) from a sell rating to a hold rating in a report released on Sunday morning.

Several other research analysts have also weighed in on the company. Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 14th. Royal Bank Of Canada decreased their price objective on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Truist Financial lowered their target price on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Finally, Bank of America restated a “neutral” rating and set a $45.00 target price on shares of Sylvamo in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $47.33.

Sylvamo Stock Up 2.9%

Shares of NYSE:SLVM opened at $39.36 on Friday. The company has a 50 day moving average price of $38.86 and a two-hundred day moving average price of $42.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45. The company has a market capitalization of $1.56 billion, a PE ratio of 15.56, a PEG ratio of 0.94 and a beta of 0.87. Sylvamo has a 52 week low of $35.53 and a 52 week high of $56.80.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $740.85 million. During the same period in the prior year, the business earned $0.68 earnings per share. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts forecast that Sylvamo will post 1.99 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th were issued a $0.45 dividend. The ex-dividend date was Tuesday, July 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.6%. Sylvamo’s dividend payout ratio (DPR) is presently 71.15%.

Insider Activity

In related news, Director Lizanne M. Bruce sold 1,230 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the sale, the director owned 14,475 shares in the company, valued at approximately $603,607.50. This represents a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its stake in shares of Sylvamo by 605.9% during the 4th quarter. Millennium Management LLC now owns 2,233,209 shares of the company’s stock worth $107,529,000 after purchasing an additional 1,916,829 shares in the last quarter. Jain Global LLC bought a new stake in Sylvamo during the fourth quarter worth $39,072,000. William Blair Investment Management LLC bought a new stake in Sylvamo during the fourth quarter worth $33,777,000. Nomura Holdings Inc. lifted its stake in Sylvamo by 34.1% in the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock valued at $95,073,000 after acquiring an additional 546,336 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in Sylvamo in the second quarter valued at $15,030,000. 91.16% of the stock is currently owned by institutional investors.

About Sylvamo

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.