2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado lowered its position in shares of Sylvamo Co. ( NYSE:SLVM – Free Report ) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 4,296 shares of the company’s stock after selling 197 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Sylvamo were worth $295,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently modified their holdings of the business.
Vanguard Group Inc. increased its holdings in Sylvamo by 5.2% during the first quarter.
Vanguard Group Inc. now owns 2,830,756 shares of the company’s stock worth $174,771,000 after buying an additional 138,655 shares during the last quarter. Simplicity Wealth LLC raised its holdings in shares of Sylvamo by 105.
7% in the 2nd quarter. Simplicity Wealth LLC now owns 14,192 shares of the company’s stock worth $974,000 after purchasing an additional 7,291 shares during the period. Concurrent Investment Advisors LLC purchased a new position in Sylvamo in the first quarter valued at approximately $586,000.
Jupiter Asset Management Ltd. increased its position in Sylvamo by 30.2% in the first quarter.
Jupiter Asset Management Ltd. now owns 123,993 shares of the company’s stock worth $7,655,000 after buying an additional 28,763 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its stake in shares of Sylvamo by 15.
2% in the fourth quarter. Allianz Asset Management GmbH now owns 159,189 shares of the company’s stock valued at $7,818,000 after buying an additional 21,026 shares during the period. Hedge funds and other institutional investors own 91.
16% of the company’s stock. Analysts Set New Price Targets Several research analysts have recently weighed in on SLVM shares. Bank of America increased their price target on Sylvamo from $82.
00 to $88.00 and gave the stock a “neutral” rating in a research note on Monday, September 23rd. Royal Bank of Canada lifted their target price 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 Price Performance Sylvamo stock opened at $84.
74 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.
68 and a quick ratio of 1.05. Sylvamo Co.
has a one year low of $40.79 and a one year high of $88.42.
The firm has a market capitalization of $3.47 billion, a P/E ratio of 18.07, a PEG ratio of 5.
01 and a beta of 1.07. The business has a fifty day moving average price of $76.
23 and a 200-day moving average price of $69.38. Sylvamo ( NYSE:SLVM – Get Free Report ) last announced its quarterly earnings results on Friday, August 9th.
The company reported $1.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.58 by $0.
40. The firm had revenue of $933.00 million for the quarter, compared to the consensus estimate of $937.
56 million. Sylvamo had a net margin of 6.30% and a return on equity of 28.
83%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis.
During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, equities research analysts forecast that Sylvamo Co.
will post 7.4 EPS for the current year. Sylvamo Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, October 17th.
Stockholders of record on Thursday, October 3rd will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, October 3rd.
This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%.
Sylvamo’s dividend payout ratio (DPR) is currently 38.38%. Sylvamo Company Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Sylvamo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sylvamo and related companies with MarketBeat.
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