Fourth Sail Capital LP Lowers Stock Position in Sylvamo Corporation $SLVM

Fourth Sail Capital LP lessened its holdings in shares of Sylvamo Corporation (NYSE:SLVM) by 36.4% during the 4th quarter, Holdings Channel reports. The firm owned 350,632 shares of the company’s stock after selling 200,300 shares during the period. Sylvamo comprises about 2.7% of Fourth Sail Capital LP’s portfolio, making the stock its 19th biggest holding. Fourth Sail Capital LP’s holdings in Sylvamo were worth $16,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Sylvamo by 7.2% during the 3rd quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock valued at $57,086,000 after purchasing an additional 87,095 shares during the period. WINTON GROUP Ltd raised its stake in Sylvamo by 802.6% during the 3rd quarter. WINTON GROUP Ltd now owns 65,521 shares of the company’s stock valued at $2,897,000 after purchasing an additional 58,262 shares during the period. SG Americas Securities LLC raised its stake in Sylvamo by 2,246.7% during the 4th quarter. SG Americas Securities LLC now owns 223,568 shares of the company’s stock valued at $10,765,000 after purchasing an additional 214,041 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Sylvamo by 9.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,135 shares of the company’s stock valued at $31,063,000 after purchasing an additional 56,393 shares during the period. Finally, Denali Advisors LLC raised its stake in Sylvamo by 309.2% during the 3rd quarter. Denali Advisors LLC now owns 66,400 shares of the company’s stock valued at $2,936,000 after purchasing an additional 50,174 shares during the period. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

NYSE:SLVM opened at $41.60 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The stock’s 50 day simple moving average is $40.75 and its two-hundred day simple moving average is $45.15. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 0.64 and a beta of 0.86.

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

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a yield of 4.3%. Sylvamo’s payout ratio is presently 71.15%.

Analysts Set New Price Targets

Several brokerages recently issued reports on SLVM. Truist Financial began coverage on Sylvamo in a research note on Monday, March 30th. They set a “buy” rating and a $54.00 target price on the stock. Zacks Research raised Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Royal Bank Of Canada decreased their target price on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $54.00.

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.