Villanova Investment Management Co LLC Invests $1.70 Million in Sylvamo Corporation $SLVM

Villanova Investment Management Co LLC purchased a new stake in shares of Sylvamo Corporation (NYSE:SLVM) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 35,260 shares of the company’s stock, valued at approximately $1,698,000. Villanova Investment Management Co LLC owned about 0.09% of Sylvamo as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLVM. Millennium Management LLC lifted its position in Sylvamo by 605.9% in the 4th quarter. Millennium Management LLC now owns 2,233,209 shares of the company’s stock valued at $107,529,000 after acquiring an additional 1,916,829 shares in the last quarter. Jain Global LLC bought a new stake in shares of Sylvamo in the 4th quarter worth $39,072,000. William Blair Investment Management LLC purchased a new position in shares of Sylvamo in the fourth quarter worth $33,777,000. Nomura Holdings Inc. raised its stake in shares of Sylvamo by 34.1% in the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after purchasing an additional 546,336 shares during the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in shares of Sylvamo during the second quarter valued at $15,030,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

NYSE SLVM opened at $39.73 on Friday. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.71, a PEG ratio of 0.61 and a beta of 0.86. Sylvamo Corporation has a 1-year low of $35.53 and a 1-year high of $56.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. The business’s fifty day moving average price is $40.59 and its 200-day moving average price is $44.93.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The business’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.68 EPS. On average, equities analysts predict that Sylvamo Corporation will post 2.32 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s payout ratio is currently 71.15%.

Analyst Ratings Changes

Several equities research analysts recently commented on SLVM shares. Royal Bank Of Canada dropped their price objective on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Monday, May 11th. Truist Financial assumed coverage on shares of Sylvamo in a research note on Monday, March 30th. They set a “buy” rating and a $54.00 target price on the stock. Weiss Ratings downgraded shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Finally, Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.00.

Insider Activity

In other news, Director Lizanne M. Bruce sold 1,230 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $603,607.50. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.81% of the stock is currently owned by corporate insiders.

Sylvamo Company Profile

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.