Los Angeles Capital Management LLC Has $1.49 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Los Angeles Capital Management LLC decreased its position in Sylvamo Co. (NYSE:SLVM) by 18.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,794 shares of the company’s stock after selling 4,249 shares during the period. Los Angeles Capital Management LLC’s holdings in Sylvamo were worth $1,485,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its stake in Sylvamo by 43.6% in the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after buying an additional 201 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after acquiring an additional 214 shares during the period. LRI Investments LLC lifted its position in Sylvamo by 4,825.0% in the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock valued at $66,000 after acquiring an additional 772 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sylvamo in the 3rd quarter worth $82,000. Finally, Fortitude Family Office LLC increased its holdings in Sylvamo by 277.9% during the 4th quarter. Fortitude Family Office LLC now owns 1,678 shares of the company’s stock worth $133,000 after purchasing an additional 1,234 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SLVM shares. Royal Bank of Canada cut their price target on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Bank of America restated an “underperform” rating and issued a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Stock Up 1.3 %

Sylvamo stock opened at $71.01 on Friday. The company has a fifty day simple moving average of $76.86 and a 200 day simple moving average of $81.41. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 1-year low of $56.20 and a 1-year high of $98.02. The company has a market cap of $2.91 billion, a P/E ratio of 9.85, a price-to-earnings-growth ratio of 2.23 and a beta of 1.12.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. Research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.