MorganRosel Wealth Management LLC Has $1.36 Million Holdings in Sylvamo Co. (NYSE:SLVM)

MorganRosel Wealth Management LLC decreased its position in Sylvamo Co. (NYSE:SLVM) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,249 shares of the company’s stock after selling 251 shares during the quarter. MorganRosel Wealth Management LLC’s holdings in Sylvamo were worth $1,363,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in SLVM. Tidal Investments LLC boosted its stake in Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock valued at $1,929,000 after purchasing an additional 13,512 shares during the period. HighTower Advisors LLC boosted its position in shares of Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock valued at $1,587,000 after acquiring an additional 15,247 shares during the period. Citigroup Inc. boosted its position in shares of Sylvamo by 67.0% in the third quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock valued at $3,994,000 after acquiring an additional 18,657 shares during the period. GAMMA Investing LLC increased its position in Sylvamo by 43.6% during the fourth quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Sylvamo by 724.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock worth $3,220,000 after purchasing an additional 32,954 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Trading Down 0.5 %

Shares of Sylvamo stock opened at $68.05 on Tuesday. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 2.23 and a beta of 1.12. The firm’s 50-day moving average price is $77.76 and its two-hundred day moving average price is $81.64. Sylvamo Co. has a 12-month low of $55.50 and a 12-month high of $98.02.

Sylvamo (NYSE:SLVM) last released its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share for the quarter, topping 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%. On average, analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.65%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Wall Street Analysts Forecast Growth

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

Sylvamo Profile

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.