Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras Sells 21,250 Shares

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of the 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 sale, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

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

Sylvamo Price Performance

SLVM stock opened at $65.65 on Friday. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 9.11, a P/E/G 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. The company has a 50 day simple moving average of $73.24 and a 200 day simple moving average of $80.36. Sylvamo Co. has a 1 year low of $56.35 and a 1 year high of $98.02.

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

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders 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 dividend yield of 2.74%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s payout ratio is 24.97%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on SLVM shares. Bank of America restated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its position in Sylvamo by 11.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,559 shares of the company’s stock worth $360,000 after buying an additional 481 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Sylvamo during the 4th quarter worth about $2,428,000. Jefferies Financial Group Inc. bought a new stake in shares of Sylvamo in the 4th quarter valued at about $4,752,000. Polar Asset Management Partners Inc. grew its position in shares of Sylvamo by 4.6% in the 4th quarter. Polar Asset Management Partners Inc. now owns 36,300 shares of the company’s stock valued at $2,868,000 after buying an additional 1,600 shares during the last quarter. Finally, Vise Technologies Inc. grew its position in shares of Sylvamo by 7.7% in the 4th quarter. Vise Technologies Inc. now owns 8,447 shares of the company’s stock valued at $667,000 after buying an additional 607 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

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.