Sylvamo (NYSE:SLVM) Director Lizanne Bruce Sells 1,230 Shares of Stock

Sylvamo Corporation (NYSE:SLVM) Director Lizanne Bruce sold 1,230 shares of the business’s stock in a transaction that occurred on 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 approximately $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Sylvamo Price Performance

Sylvamo stock opened at $40.53 on Wednesday. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The firm has a 50 day moving average price of $40.67 and a 200 day moving average price of $45.04. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 0.63 and a beta of 0.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45.

Sylvamo (NYSE:SLVM) last released its earnings results 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 net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter in the previous year, the firm posted $0.68 earnings per share. Sylvamo’s revenue for the quarter was down 8.0% compared to the same quarter last year. Sell-side analysts predict that Sylvamo Corporation will post 2.32 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s payout ratio is presently 71.15%.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently bought and sold shares of the business. Millennium Management LLC grew its stake in Sylvamo by 605.9% during the fourth quarter. Millennium Management LLC now owns 2,233,209 shares of the company’s stock worth $107,529,000 after buying an additional 1,916,829 shares during the period. Nomura Holdings Inc. grew its stake in Sylvamo by 34.1% during the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after buying an additional 546,336 shares during the period. Dimensional Fund Advisors LP grew its stake in Sylvamo by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company’s stock worth $57,547,000 after buying an additional 72,177 shares during the period. State Street Corp grew its stake in Sylvamo by 2.6% during the fourth quarter. State Street Corp now owns 1,341,850 shares of the company’s stock worth $64,610,000 after buying an additional 34,551 shares during the period. Finally, American Century Companies Inc. grew its stake in Sylvamo by 7.2% during the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock worth $57,086,000 after buying an additional 87,095 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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