WINTON GROUP Ltd Trims Position in Sylvamo Corporation $SLVM

WINTON GROUP Ltd trimmed its holdings in Sylvamo Corporation (NYSE:SLVM) by 37.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 40,864 shares of the company’s stock after selling 24,657 shares during the period. WINTON GROUP Ltd owned 0.10% of Sylvamo worth $1,968,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in SLVM. GAMMA Investing LLC grew its position in Sylvamo by 222.8% during the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after buying an additional 528 shares during the period. International Assets Investment Management LLC acquired a new position in Sylvamo during the fourth quarter worth about $38,000. Advisory Services Network LLC acquired a new position in Sylvamo during the third quarter worth about $38,000. Farther Finance Advisors LLC grew its position in Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after buying an additional 519 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after buying an additional 638 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Stock Performance

Shares of SLVM opened at $38.58 on Monday. 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 company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.59 and a beta of 0.86. The company’s 50 day simple moving average is $40.85 and its 200 day simple moving average is $45.32. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The firm had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 EPS. On average, sell-side analysts predict that Sylvamo Corporation will post 2.32 EPS for the current year.

Sylvamo Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Weiss Ratings lowered shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Truist Financial began coverage on shares of Sylvamo in a research report on Monday, March 30th. They set a “buy” rating and a $54.00 target price on the stock. Finally, Royal Bank Of Canada lowered their price target on shares of Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report 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. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.