2 weeks Ago By Defense World Staff
Sei Investments Co. reduced its position in shares of Sylvamo Co. (NYSE:SLVM – Free Report) by 32.
4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,144 shares of the company’s stock after selling 14,908 shares during the period. Sei Investments Co.
owned approximately 0.08% of Sylvamo worth $2,461,000 as of its most recent filing with the Securities and Exchange Commission. Several other institutional investors have also added to or reduced their stakes in the company.
American Century Companies Inc. boosted its position in shares of Sylvamo by 15.2% in the fourth quarter.
American Century Companies Inc. now owns 1,016,064 shares of the company’s stock valued at $80,289,000 after acquiring an additional 134,066 shares during the period. Allianz Asset Management GmbH raised its stake in Sylvamo by 16.
6% in the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock worth $40,139,000 after purchasing an additional 72,226 shares in the last quarter. Barclays PLC boosted its holdings in Sylvamo by 324.
6% in the 3rd quarter. Barclays PLC now owns 62,435 shares of the company’s stock valued at $5,360,000 after purchasing an additional 47,730 shares during the period. Raymond James Financial Inc.
acquired a new position in shares of Sylvamo during the 4th quarter worth approximately $3,632,000. Finally, FMR LLC raised its position in shares of Sylvamo by 4.4% in the third quarter.
FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after buying an additional 30,345 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.
Insider Buying and Selling at SylvamoIn other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.
50. Following the completion of the transaction, the chief executive officer now owns 153,144 shares in the company, valued at approximately $10,035,526.32.
This trade represents a 12.19 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Corporate insiders own 0.75% of the company’s stock. Sylvamo Stock Down 5.
4 %Shares of NYSE SLVM opened at $59.08 on Friday. The company has a market cap of $2.
40 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.23 and a beta of 1.
15. The company has a current ratio of 1.56, a quick ratio of 1.
03 and a debt-to-equity ratio of 0.92. Sylvamo Co.
has a 12 month low of $56.35 and a 12 month high of $98.02.
The stock has a 50-day moving average price of $70.28 and a two-hundred day moving average price of $79.61.
Sylvamo (NYSE:SLVM – Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.
84 by $0.10. Sylvamo had a net margin of 7.
96% and a return on equity of 34.72%. As a group, analysts forecast that Sylvamo Co.
will post 7.45 earnings per share for the current fiscal year. Sylvamo Dividend AnnouncementThe company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th.
Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. This represents a $1.
80 annualized dividend and a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, April 8th.
Sylvamo’s dividend payout ratio (DPR) is currently 24.97%. Analysts Set New Price TargetsSLVM has been the topic of several recent analyst reports.
Bank of America reissued an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada lowered their price objective on shares of Sylvamo from $83.
00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th.Get Our Latest Stock Report on SylvamoSylvamo 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.Read MoreFive stocks we like better than SylvamoDifferences Between Momentum Investing and Long Term Investing Archer Aviation’s Africa Deal Could Boost ACHR StockRussell 2000 Index, How Investors Use it For Profitable TradingAre Short Sellers Wrong About These 3 Semiconductor Stocks?What is the Euro STOXX 50 Index?Boeing Gets $50B in March Orders—Is BA Stock a Buy Now?.
