Sylvamo Co. (NYSE:SLVM) Shares Acquired by Fortitude Family Office LLC

Fortitude Family Office LLC increased its position in shares of Sylvamo Co. (NYSE:SLVM) by 277.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,678 shares of the company’s stock after acquiring an additional 1,234 shares during the period. Fortitude Family Office LLC’s holdings in Sylvamo were worth $133,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SLVM. Pacer Advisors Inc. boosted its stake in Sylvamo by 83,084.0% in the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after acquiring an additional 2,301,427 shares in the last quarter. American Century Companies Inc. lifted its position in Sylvamo by 53.2% in the second quarter. American Century Companies Inc. now owns 662,953 shares of the company’s stock valued at $45,479,000 after purchasing an additional 230,291 shares during the period. International Assets Investment Management LLC boosted its holdings in Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock valued at $5,931,000 after purchasing an additional 68,068 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Sylvamo by 5.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,315,989 shares of the company’s stock worth $90,276,000 after purchasing an additional 62,157 shares during the period. Finally, Jupiter Asset Management Ltd. raised its stake in shares of Sylvamo by 47.6% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 182,990 shares of the company’s stock worth $12,553,000 after buying an additional 58,997 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Sylvamo Trading Up 0.8 %

Shares of SLVM opened at $77.09 on Friday. Sylvamo Co. has a twelve month low of $44.94 and a twelve month high of $98.02. The firm has a market capitalization of $3.16 billion, a P/E ratio of 11.99, a price-to-earnings-growth ratio of 2.92 and a beta of 1.13. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $86.14 and its 200 day simple moving average is $79.94.

Sylvamo (NYSE:SLVM) last issued its earnings results on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $2.18 by $0.26. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The business had revenue of $965.00 million for the quarter, compared to the consensus estimate of $960.47 million. During the same quarter last year, the firm posted $1.70 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities research analysts forecast that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Monday, January 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.33%. Sylvamo’s dividend payout ratio (DPR) is 27.99%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Sidoti assumed coverage on Sylvamo in a research report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective for the company. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th.

About Sylvamo

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.