Mirabella Financial Services LLP Takes Position in Sylvamo Co. (NYSE:SLVM)

Mirabella Financial Services LLP purchased a new position in shares of Sylvamo Co. (NYSE:SLVM) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,981 shares of the company’s stock, valued at approximately $1,576,000.

Several other institutional investors have also added to or reduced their stakes in SLVM. Smartleaf Asset Management LLC increased its holdings in shares of Sylvamo by 182.4% during the fourth 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 increased its stake in Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock worth $52,000 after acquiring an additional 201 shares during the period. Fifth Third Bancorp increased its stake in Sylvamo by 40.9% during the 4th quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after acquiring an additional 214 shares during the period. Covestor Ltd raised its holdings in Sylvamo by 464.5% in the 4th quarter. Covestor Ltd now owns 779 shares of the company’s stock valued at $62,000 after acquiring an additional 641 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sylvamo during the 3rd quarter valued at $82,000. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 131,894 shares of the company’s stock, valued at $8,591,575.16. This represents a 13.88 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.74% of the stock is owned by corporate insiders.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $60.67 on Monday. The company has a 50 day moving average of $65.74 and a 200-day moving average of $77.61. The company has a market cap of $2.47 billion, a PE ratio of 8.41, a price-to-earnings-growth ratio of 2.23 and a beta of 1.17. 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 $54.94 and a 1-year high of $98.02.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts forecast that Sylvamo Co. will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

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 paid a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.97%. Sylvamo’s payout ratio is currently 24.97%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target 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.

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.