Rodrigo Davoli Sells 3,250 Shares of Sylvamo (NYSE:SLVM) Stock

Sylvamo Corporation (NYSE:SLVM) SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total value of $150,995.00. Following the completion of the transaction, the senior vice president directly owned 46,484 shares in the company, valued at approximately $2,159,646.64. This trade represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Sylvamo Stock Performance

Shares of SLVM stock opened at $44.01 on Friday. The firm has a 50 day moving average of $49.14 and a 200-day moving average of $46.48. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 13.50, a price-to-earnings-growth ratio of 0.53 and a beta of 0.96. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.79. Sylvamo Corporation has a 52 week low of $37.51 and a 52 week high of $68.76.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 12th. The company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The company had revenue of $890.00 million for the quarter, compared to the consensus estimate of $858.76 million. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. Sylvamo’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. On average, equities analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be issued a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. Sylvamo’s dividend payout ratio is currently 55.21%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SLVM shares. Bank of America upgraded Sylvamo from an “underperform” rating to a “buy” rating and raised their target price for the company from $41.00 to $59.00 in a research note on Monday, November 17th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $53.00 price target on shares of Sylvamo in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $56.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Fourth Sail Capital LP bought a new stake in shares of Sylvamo during the 2nd quarter worth $8,146,000. Intech Investment Management LLC grew its position in Sylvamo by 47.5% during the second quarter. Intech Investment Management LLC now owns 26,758 shares of the company’s stock valued at $1,341,000 after buying an additional 8,618 shares during the period. Handelsbanken Fonder AB increased its holdings in Sylvamo by 45.7% during the second quarter. Handelsbanken Fonder AB now owns 6,700 shares of the company’s stock worth $336,000 after buying an additional 2,100 shares during the last quarter. Squarepoint Ops LLC increased its holdings in Sylvamo by 74.4% during the second quarter. Squarepoint Ops LLC now owns 158,497 shares of the company’s stock worth $7,941,000 after buying an additional 67,616 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new stake in Sylvamo in the second quarter worth about $828,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.