Catalina Capital Group LLC Has $332,000 Holdings in Sylvamo Co. (NYSE:SLVM)

Catalina Capital Group LLC boosted its position in Sylvamo Co. (NYSE:SLVM) by 46.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,201 shares of the company’s stock after purchasing an additional 1,340 shares during the period. Catalina Capital Group LLC’s holdings in Sylvamo were worth $332,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Sidoti assumed coverage on shares of Sylvamo in a research note on Tuesday, October 15th. They set a “buy” rating and a $100.00 target price for the company. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Down 2.9 %

NYSE:SLVM opened at $77.75 on Tuesday. The firm has a fifty day simple moving average of $83.29 and a two-hundred day simple moving average of $81.38. Sylvamo Co. has a 12 month low of $44.94 and a 12 month high of $98.02. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.27 and a beta of 1.12. The company has a current ratio of 1.72, a quick ratio of 1.13 and a debt-to-equity ratio of 0.94.

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. The business had revenue of $965.00 million during the quarter, compared to analyst estimates of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.70 EPS. Analysts expect that Sylvamo Co. will post 7.15 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend was Monday, January 6th. Sylvamo’s dividend payout ratio is currently 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.