Brandywine Global Investment Management LLC Lowers Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Brandywine Global Investment Management LLC reduced its stake in Sylvamo Co. (NYSE:SLVM) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 126,949 shares of the company’s stock after selling 4,551 shares during the period. Brandywine Global Investment Management LLC owned 0.31% of Sylvamo worth $10,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SLVM. State Street Corp lifted its stake in shares of Sylvamo by 0.9% during 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 during the last quarter. American Century Companies Inc. boosted its position in Sylvamo by 15.2% in the fourth quarter. American Century Companies Inc. now owns 1,016,064 shares of the company’s stock valued at $80,289,000 after buying an additional 134,066 shares during the last quarter. Geode Capital Management LLC raised its holdings 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 worth $78,652,000 after purchasing an additional 27,859 shares during the last quarter. FMR LLC lifted its holdings in shares of Sylvamo by 4.4% in the 3rd quarter. FMR LLC now owns 724,391 shares of the company’s stock valued at $62,189,000 after buying an additional 30,345 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Sylvamo by 16.6% during the fourth quarter. Allianz Asset Management GmbH now owns 507,965 shares of the company’s stock worth $40,139,000 after acquiring an additional 72,226 shares during the period. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Down 0.0 %

Shares of NYSE SLVM opened at $67.19 on Tuesday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 2.23 and a beta of 1.15. The company’s 50-day simple moving average is $71.65 and its 200-day simple moving average is $80.01. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 52-week low of $56.35 and a 52-week high of $98.02.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data 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 return on equity of 34.72% and a net margin of 7.96%. Equities analysts predict that Sylvamo Co. will post 7.45 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 annualized dividend and a dividend yield of 2.68%. Sylvamo’s dividend payout ratio is presently 24.97%.

Wall Street Analyst Weigh In

SLVM has been the topic of a number of analyst reports. Bank of America reaffirmed an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th.

Insider Activity

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $65.53, for a total value of $1,392,512.50. Following the completion of the transaction, the chief executive officer now directly owns 153,144 shares in the company, valued at approximately $10,035,526.32. This represents a 12.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.75% 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.