Denali Advisors LLC Reduces Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Denali Advisors LLC lessened its position in shares of Sylvamo Co. (NYSE:SLVM) by 81.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 17,300 shares of the company’s stock after selling 74,500 shares during the period. Denali Advisors LLC’s holdings in Sylvamo were worth $1,367,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in Sylvamo by 83,084.0% in the 3rd quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after buying an additional 2,301,427 shares in the last quarter. State Street Corp lifted its position in shares of Sylvamo by 0.9% in the third quarter. State Street Corp now owns 1,407,303 shares of the company’s stock valued at $120,817,000 after acquiring an additional 12,181 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Sylvamo by 3.1% during the third quarter. Geode Capital Management LLC now owns 915,997 shares of the company’s stock valued at $78,652,000 after acquiring an additional 27,859 shares during the last quarter. FMR LLC boosted its stake in shares of Sylvamo by 4.4% during 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 last quarter. Finally, Allianz Asset Management GmbH increased its position in Sylvamo by 16.6% during the 4th quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock worth $40,139,000 after purchasing an additional 72,226 shares in the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SLVM. Royal Bank of Canada reduced their target price on shares of 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 reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th.

Sylvamo Stock Performance

Sylvamo stock opened at $70.32 on Thursday. The stock has a fifty day moving average price of $77.24 and a 200 day moving average price of $81.52. Sylvamo Co. has a 52 week low of $56.20 and a 52 week high of $98.02. The firm has a market capitalization of $2.88 billion, a P/E ratio of 9.75, a PEG ratio of 2.23 and a beta of 1.12. 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 (NYSE:SLVM) last posted 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%. Equities research analysts anticipate that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Dividend Announcement

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 paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio is currently 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.