Bleakley Financial Group LLC Has $742,000 Stock Holdings in Sylvamo Corporation $SLVM

Bleakley Financial Group LLC trimmed its stake in Sylvamo Corporation (NYSE:SLVM) by 56.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,563 shares of the company’s stock after selling 22,858 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sylvamo were worth $742,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of SLVM. UMB Bank n.a. raised its position in shares of Sylvamo by 171.2% in the fourth quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Sylvamo by 222.8% during the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock valued at $37,000 after acquiring an additional 528 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Sylvamo in the fourth quarter valued at approximately $38,000. Farther Finance Advisors LLC increased its stake in shares of Sylvamo by 162.7% in the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after buying an additional 519 shares during the period. Finally, Advisory Services Network LLC bought a new stake in shares of Sylvamo in the 3rd quarter valued at $38,000. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $38.34 on Friday. The stock has a 50 day moving average price of $38.92 and a 200 day moving average price of $43.40. Sylvamo Corporation has a 52 week low of $35.53 and a 52 week high of $56.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45. The stock has a market capitalization of $1.52 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $740.85 million. During the same period last year, the firm earned $0.68 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts predict that Sylvamo Corporation will post 2.2 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is 71.15%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America reiterated a “neutral” rating and issued a $45.00 target price on shares of Sylvamo in a report on Tuesday. Zacks Research downgraded Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday. Royal Bank Of Canada decreased their price objective on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday. Truist Financial dropped their target price on shares of Sylvamo from $54.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $47.33.

Sylvamo 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.