Sylvamo Co. (NYSE:SLVM) Shares Sold by RHS Financial LLC

RHS Financial LLC lowered its stake in Sylvamo Co. (NYSE:SLVM) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,752 shares of the company’s stock after selling 135 shares during the quarter. RHS Financial LLC’s holdings in Sylvamo were worth $296,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SLVM. Fortitude Family Office LLC grew its stake in shares of Sylvamo by 116.6% in the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after buying an additional 239 shares in the last quarter. GAMMA Investing LLC grew its position in Sylvamo by 59.0% in the 3rd quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock valued at $40,000 after acquiring an additional 171 shares in the last quarter. Fifth Third Bancorp increased its stake in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC increased its stake in Sylvamo by 4,825.0% during the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after purchasing an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sylvamo in the third quarter valued at approximately $82,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on SLVM. Sidoti began coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price on the stock. Bank of America reaffirmed an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $80.05 on Friday. The business has a 50-day simple moving average of $83.51 and a 200-day simple moving average of $81.17. The company has a market cap of $3.28 billion, a PE ratio of 12.45, a P/E/G ratio of 2.28 and a beta of 1.13. 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 quick ratio of 1.13 and a current ratio of 1.72.

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

Sylvamo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Monday, January 6th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Monday, January 6th. Sylvamo’s dividend payout ratio is presently 27.99%.

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.