American Century Companies Inc. Buys 134,066 Shares of Sylvamo Co. (NYSE:SLVM)

American Century Companies Inc. increased its stake in shares of Sylvamo Co. (NYSE:SLVM) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,016,064 shares of the company’s stock after purchasing an additional 134,066 shares during the period. American Century Companies Inc. owned 2.48% of Sylvamo worth $80,289,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in SLVM. GAMMA Investing LLC grew its position in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares in the last quarter. Fifth Third Bancorp grew its position in Sylvamo by 40.9% during the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after buying an additional 214 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Sylvamo by 12.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock worth $159,000 after acquiring an additional 218 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of Sylvamo by 7.9% in the 4th quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock valued at $281,000 after acquiring an additional 273 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in shares of Sylvamo by 7.0% during the 4th quarter. Handelsbanken Fonder AB now owns 4,600 shares of the company’s stock valued at $363,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on SLVM shares. Bank of America restated an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada decreased their price target 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.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $66.21 on Tuesday. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 9.18, a P/E/G ratio of 2.23 and a beta of 1.15. The stock’s 50-day moving average is $72.80 and its 200 day moving average is $80.25. 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 Co. has a 1-year low of $56.35 and a 1-year high of $98.02.

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

Sylvamo Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.72%. Sylvamo’s dividend payout ratio (DPR) is currently 24.97%.

Insider Transactions at Sylvamo

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 131,894 shares in the company, valued at approximately $8,591,575.16. This trade represents a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.

Sylvamo 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.