Segall Bryant & Hamill LLC Lowers Position in Sylvamo Co. (NYSE:SLVM)

Segall Bryant & Hamill LLC trimmed its position in shares of Sylvamo Co. (NYSE:SLVM) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,564 shares of the company’s stock after selling 11,624 shares during the quarter. Segall Bryant & Hamill LLC owned 0.16% of Sylvamo worth $5,102,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. increased its position in Sylvamo by 15.2% during the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company’s stock worth $80,289,000 after purchasing an additional 134,066 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of Sylvamo by 16.6% in the fourth quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock valued at $40,139,000 after buying an additional 72,226 shares in the last quarter. Barclays PLC grew its holdings in Sylvamo by 324.6% during the third quarter. Barclays PLC now owns 62,435 shares of the company’s stock worth $5,360,000 after acquiring an additional 47,730 shares during the period. Raymond James Financial Inc. purchased a new position in Sylvamo in the fourth quarter worth $3,632,000. Finally, FMR LLC lifted its holdings in Sylvamo by 4.4% in the third quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after acquiring an additional 30,345 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SLVM has been the subject of a number of research analyst reports. Bank of America reiterated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada dropped their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th.

Insider Activity at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the transaction, the chief executive officer now owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.75% of the stock is owned by corporate insiders.

Sylvamo Stock Down 0.5 %

Sylvamo stock opened at $66.91 on Friday. Sylvamo Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.28, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The stock’s fifty day moving average is $72.08 and its two-hundred day moving average is $80.03. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.03 and a current ratio of 1.56.

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

Sylvamo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.69%. Sylvamo’s dividend payout ratio is currently 24.97%.

Sylvamo Company 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.