Schweitzer-Mauduit International, Inc. (SWM) Position Lessened by Allianz Asset Management GmbH
Allianz Asset Management GmbH reduced its position in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 7.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 684,452 shares of the company’s stock after selling 57,798 shares during the period. Allianz Asset Management GmbH owned 2.23% of Schweitzer-Mauduit International worth $28,377,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SWM. SG Americas Securities LLC boosted its holdings in shares of Schweitzer-Mauduit International by 7.0% during the 2nd quarter. SG Americas Securities LLC now owns 2,829 shares of the company’s stock worth $105,000 after buying an additional 184 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Schweitzer-Mauduit International during the 2nd quarter worth $247,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Schweitzer-Mauduit International during the 3rd quarter worth $258,000. Cubist Systematic Strategies LLC bought a new stake in shares of Schweitzer-Mauduit International during the 2nd quarter worth $267,000. Finally, Sei Investments Co. raised its stake in Schweitzer-Mauduit International by 110.3% during the 2nd quarter. Sei Investments Co. now owns 7,269 shares of the company’s stock valued at $271,000 after purchasing an additional 3,812 shares during the last quarter. 85.61% of the stock is owned by institutional investors and hedge funds.
Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Schweitzer-Mauduit International from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Tuesday, November 28th. DA Davidson assumed coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They set a “buy” rating and a $47.00 target price for the company.
Schweitzer-Mauduit International, Inc. (SWM) traded down $0.78 during trading hours on Monday, reaching $44.39. 217,400 shares of the company traded hands, compared to its average volume of 141,388. The firm has a market cap of $1,363.73, a PE ratio of 13.29, a P/E/G ratio of 2.82 and a beta of 1.32. Schweitzer-Mauduit International, Inc. has a 1 year low of $36.26 and a 1 year high of $47.01. The company has a current ratio of 3.06, a quick ratio of 2.05 and a debt-to-equity ratio of 1.21.
Schweitzer-Mauduit International (NYSE:SWM) last released its earnings results on Wednesday, November 1st. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.82 by $0.18. The firm had revenue of $257.80 million during the quarter, compared to analysts’ expectations of $238.00 million. Schweitzer-Mauduit International had a net margin of 8.33% and a return on equity of 19.10%. The business’s quarterly revenue was up 23.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.74 EPS. research analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.15 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Investors of record on Friday, December 1st will be paid a dividend of $0.43 per share. This is a boost from Schweitzer-Mauduit International’s previous quarterly dividend of $0.42. This represents a $1.72 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Thursday, November 30th. Schweitzer-Mauduit International’s dividend payout ratio is presently 67.19%.
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Schweitzer-Mauduit International Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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