American Century Companies Inc. Increases Holdings in Sylvamo Co. (NYSE:SLVM)

American Century Companies Inc. raised its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 15.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,016,064 shares of the company’s stock after purchasing an additional 134,066 shares during the period. American Century Companies Inc.’s holdings in Sylvamo were worth $80,289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. GAMMA Investing LLC raised its holdings in shares of Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after acquiring an additional 201 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after acquiring an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC increased its position in Sylvamo by 12.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock valued at $159,000 after purchasing an additional 218 shares during the period. Wedmont Private Capital increased its position in shares of Sylvamo by 7.9% during the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock valued at $281,000 after buying an additional 273 shares during the period. Finally, Handelsbanken Fonder AB grew its holdings in shares of Sylvamo by 7.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock worth $363,000 after acquiring an additional 300 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on SLVM shares. Bank of America restated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th.

Insider Buying and Selling

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the transaction, the chief executive officer now directly owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.75% of the stock is currently owned by insiders.

Sylvamo Trading Up 1.3 %

NYSE:SLVM opened at $66.21 on Tuesday. The company has a 50 day simple moving average of $72.80 and a two-hundred day simple moving average of $80.25. The company has a market cap of $2.68 billion, a PE ratio of 9.18, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. Sylvamo Co. has a 12 month low of $56.35 and a 12 month high of $98.02. 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 (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating 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%. Research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

Sylvamo Company Profile

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.