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

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

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its position in shares of Sylvamo by 2.8% during the second quarter. Bank of Montreal Can now owns 5,666 shares of the company’s stock worth $389,000 after purchasing an additional 154 shares during the period. GAMMA Investing LLC grew its position in Sylvamo by 59.0% during the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after purchasing an additional 171 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Sylvamo by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,688 shares of the company’s stock worth $1,351,000 after purchasing an additional 336 shares in the last quarter. Highland Capital Management LLC lifted its stake in Sylvamo by 9.6% in the third quarter. Highland Capital Management LLC now owns 3,950 shares of the company’s stock valued at $339,000 after acquiring an additional 347 shares during the last quarter. Finally, Wedmont Private Capital lifted its stake in shares of Sylvamo by 11.2% in the 3rd quarter. Wedmont Private Capital now owns 3,453 shares of the company’s stock valued at $285,000 after purchasing an additional 349 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SLVM has been the subject of a number of research analyst reports. Bank of America reissued an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th. Sidoti assumed coverage on shares of Sylvamo in a research report on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock.

Sylvamo Stock Up 0.8 %

Shares of SLVM stock opened at $77.09 on Friday. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.72 and a quick ratio of 1.13. The stock has a fifty day moving average price of $86.14 and a 200 day moving average price of $79.94. The stock has a market cap 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.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Tuesday, November 12th. The company reported $2.44 EPS for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. The company had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a net margin of 7.13% and a return on equity of 30.60%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm earned $1.70 EPS. Analysts predict 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. Stockholders of record on Monday, January 6th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.33%. Sylvamo’s dividend payout ratio is currently 27.99%.

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.