Sylvamo Co. (NYSE:SLVM) CEO Sells $1,384,225.00 in Stock

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction 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. This trade represents a 13.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jeanmichel Ribieras also recently made the following trade(s):

• On Monday, March 10th, Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50.

Sylvamo Price Performance

Shares of Sylvamo stock traded down $0.31 during trading on Tuesday, hitting $65.31. The stock had a trading volume of 103,480 shares, compared to its average volume of 295,724. The business has a fifty day moving average of $73.88 and a two-hundred day moving average of $80.65. Sylvamo Co. has a fifty-two week low of $56.20 and a fifty-two week high of $98.02. The firm has a market cap of $2.65 billion, a P/E ratio of 9.05, a PEG ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share 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%. On average, sell-side analysts expect that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm 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 $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a yield of 2.76%. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. grew its holdings in shares of Sylvamo by 83,084.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock worth $197,815,000 after acquiring an additional 2,301,427 shares during the last quarter. LSV Asset Management boosted its position in shares of Sylvamo by 3.8% in the 4th quarter. LSV Asset Management now owns 1,791,684 shares of the company’s stock valued at $141,579,000 after purchasing an additional 66,180 shares during the period. State Street Corp increased its stake in Sylvamo by 0.9% in the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after purchasing an additional 12,181 shares in the last quarter. First Trust Advisors LP increased its stake in Sylvamo by 39.7% in the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company’s stock worth $93,045,000 after purchasing an additional 334,792 shares in the last quarter. Finally, American Century Companies Inc. increased its position in shares of Sylvamo by 15.2% in the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company’s stock worth $80,289,000 after acquiring an additional 134,066 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

Wall Street Analysts Forecast Growth

SLVM has been the topic of several research analyst reports. Royal Bank of Canada lowered 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 note on Thursday, February 13th. Bank of America reiterated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th.

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.