Sylvamo Co. (NYSE:SLVM) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of Sylvamo Co. (NYSE:SLVM) by 19.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,185 shares of the company’s stock after selling 16,127 shares during the quarter. Teacher Retirement System of Texas owned 0.17% of Sylvamo worth $5,388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SLVM. Smartleaf Asset Management LLC grew its stake in shares of Sylvamo by 182.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 624 shares of the company’s stock worth $49,000 after purchasing an additional 403 shares during the period. GAMMA Investing LLC grew its stake in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after purchasing an additional 201 shares during the period. Fifth Third Bancorp grew its stake in shares of Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after purchasing an additional 214 shares during the period. LRI Investments LLC grew its stake in shares of Sylvamo by 4,825.0% during the 3rd quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after purchasing an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sylvamo during the 3rd quarter valued at approximately $82,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Insider Buying and Selling at Sylvamo

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $65.14, for a total value of $1,384,225.00. Following the completion of the sale, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at $8,591,575.16. This trade represents a 13.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SLVM has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their target price on 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 reiterated an “underperform” rating and set a $96.00 target price on shares of Sylvamo in a research report on Wednesday, December 11th.

Sylvamo Trading Down 1.0 %

Shares of NYSE:SLVM opened at $65.13 on Monday. Sylvamo Co. has a 1 year low of $56.35 and a 1 year high of $98.02. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth 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 business’s 50 day moving average price is $73.03 and its 200-day moving average price is $80.33.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data 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 return on equity of 34.72% and a net margin of 7.96%. On average, equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. Sylvamo’s 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.