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

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 stock was sold at an average price of $46.46, for a total value of $150,995.00. Following the sale, the senior vice president owned 46,484 shares of the company’s stock, valued at $2,159,646.64. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Sylvamo Price Performance

Shares of NYSE SLVM traded down $1.56 during mid-day trading on Friday, reaching $43.57. The company’s stock had a trading volume of 89,851 shares, compared to its average volume of 313,076. The stock has a 50-day moving average of $49.24 and a two-hundred day moving average of $46.48. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.92 and a current ratio of 1.50. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.55 and a beta of 0.96. Sylvamo Corporation has a 1-year low of $37.51 and a 1-year high of $68.76.

Sylvamo (NYSE:SLVM) last posted its quarterly 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. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The business had revenue of $890.00 million during the quarter, compared to analyst estimates of $858.76 million. During the same period in the prior year, the business earned $1.96 earnings per share. The business’s revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Sylvamo Corporation will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared 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. This represents a $1.80 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, April 7th. Sylvamo’s payout ratio is currently 55.21%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares in the last quarter. Versant Capital Management Inc raised its stake in Sylvamo by 328.3% in the third quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock valued at $30,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC raised its stake in Sylvamo by 222.8% in the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after buying an additional 528 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Sylvamo during the 4th quarter worth about $38,000. Finally, Advisory Services Network LLC purchased a new position in shares of Sylvamo in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on SLVM. Bank of America raised Sylvamo from an “underperform” rating to a “buy” rating and raised their target price for the stock from $41.00 to $59.00 in a research note on Monday, November 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $53.00 target price on shares of Sylvamo in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $56.00.

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.