Key Points
- Sylvamo director Lizanne Bruce sold 1,230 shares on June 15 at an average price of $41.70, a transaction worth $51,291. After the sale, she still held 14,475 shares, cutting her ownership by 7.83%.
- The stock was down 1.2% and opened at $40.53, with shares trading near their 50-day moving average of $40.67 and below the 200-day average of $45.04.
- Sylvamo recently reported weaker-than-expected earnings, posting an EPS loss of $0.53 versus estimates for a $0.25 loss, though revenue of $755 million came in above expectations. The company also announced a quarterly dividend of $0.45 per share, implying a 4.4% yield.
Sylvamo Corporation (NYSE:SLVM - Get Free Report) Director Lizanne Bruce sold 1,230 shares of the business'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 directly owned 14,475 shares in the company, valued at approximately $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Sylvamo Trading Down 1.2%
NYSE SLVM opened at $40.53 on Wednesday. The company's fifty day simple moving average is $40.67 and its 200-day simple moving average is $45.04. Sylvamo Corporation has a 52 week low of $35.53 and a 52 week 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 market cap of $1.61 billion, a P/E ratio of 16.02, a PEG ratio of 0.63 and a beta of 0.86.
Sylvamo (NYSE:SLVM - Get Free Report) last posted its earnings results on Friday, May 8th. The company reported ($0.53) EPS 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 analyst estimates of $740.85 million. During the same period in the previous year, the firm posted $0.68 earnings per share. The company's revenue for the quarter was down 8.0% on a year-over-year basis. Equities research analysts predict that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.
Sylvamo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo's payout ratio is presently 71.15%.
Analysts Set New Price Targets
A number of research analysts have recently commented on SLVM shares. Truist Financial started coverage on shares of Sylvamo in a research report on Monday, March 30th. They set a "buy" rating and a $54.00 target price on the stock. Royal Bank Of Canada reduced their target price on shares of Sylvamo from $50.00 to $49.00 and set a "sector perform" rating on the stock in a research report on Monday, May 11th. Weiss Ratings cut shares of Sylvamo from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, May 11th. Finally, Zacks Research raised shares of Sylvamo from a "strong sell" rating to a "hold" rating in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $54.00.
Read Our Latest Stock Report on Sylvamo
Institutional Trading of Sylvamo
Several institutional investors have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in Sylvamo by 605.9% in the fourth quarter. Millennium Management LLC now owns 2,233,209 shares of the company's stock valued at $107,529,000 after acquiring an additional 1,916,829 shares in the last quarter. Nomura Holdings Inc. raised its holdings 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Sylvamo by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company's stock valued at $57,547,000 after acquiring an additional 72,177 shares in the last quarter. State Street Corp raised its holdings in Sylvamo by 2.6% in the fourth quarter. State Street Corp now owns 1,341,850 shares of the company's stock valued at $64,610,000 after acquiring an additional 34,551 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company's stock valued at $57,086,000 after acquiring an additional 87,095 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.
About Sylvamo
(
Get Free Report)
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.
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