Vest Financial LLC Grows Position in Sylvamo Co. (NYSE:SLVM)

Vest Financial LLC grew its stake in shares of Sylvamo Co. (NYSE:SLVM) by 75.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,537 shares of the company’s stock after acquiring an additional 13,086 shares during the period. Vest Financial LLC’s holdings in Sylvamo were worth $2,413,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SLVM. Bleakley Financial Group LLC boosted its holdings in Sylvamo by 22.8% during the fourth quarter. Bleakley Financial Group LLC now owns 16,381 shares of the company’s stock worth $1,294,000 after buying an additional 3,046 shares in the last quarter. Catalina Capital Group LLC boosted its stake in shares of Sylvamo by 46.8% during the 4th quarter. Catalina Capital Group LLC now owns 4,201 shares of the company’s stock worth $332,000 after acquiring an additional 1,340 shares in the last quarter. Foster & Motley Inc. grew its holdings in shares of Sylvamo by 108.5% in the 4th quarter. Foster & Motley Inc. now owns 23,850 shares of the company’s stock worth $1,885,000 after acquiring an additional 12,411 shares during the period. KBC Group NV increased its stake in Sylvamo by 80.2% in the 4th quarter. KBC Group NV now owns 1,836 shares of the company’s stock valued at $145,000 after purchasing an additional 817 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Sylvamo by 224.6% during the fourth quarter. Blue Trust Inc. now owns 11,284 shares of the company’s stock worth $969,000 after purchasing an additional 7,808 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $76.91 on Friday. Sylvamo Co. has a one year low of $44.94 and a one year high of $98.02. The stock has a market cap of $3.15 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 2.22 and a beta of 1.12. The business’s fifty day moving average price is $81.76 and its two-hundred day moving average price is $81.46. 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 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 firm had revenue of $965.00 million during the quarter, compared to analysts’ expectations of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. On average, analysts forecast that Sylvamo Co. will post 7.15 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Monday, January 6th were given a dividend of $0.45 per share. The ex-dividend date was Monday, January 6th. This represents a $1.80 dividend on an annualized basis and a yield of 2.34%. Sylvamo’s dividend payout ratio (DPR) is currently 27.99%.

Analysts Set New Price Targets

Several research firms have weighed in on SLVM. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They issued a “buy” rating and a $100.00 target price on the stock. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a report on Wednesday, December 11th.

Sylvamo 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.