Denali Advisors LLC Acquires 8,207 Shares of Sylvamo Corporation $SLVM

Denali Advisors LLC boosted its holdings in Sylvamo Corporation (NYSE:SLVM) by 102.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,226 shares of the company’s stock after acquiring an additional 8,207 shares during the quarter. Denali Advisors LLC’s holdings in Sylvamo were worth $813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SLVM. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Sylvamo in the first quarter valued at about $61,000. Blue Trust Inc. increased its stake in Sylvamo by 54.0% in the second quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock valued at $61,000 after acquiring an additional 424 shares during the period. RHS Financial LLC increased its stake in Sylvamo by 14.6% in the second quarter. RHS Financial LLC now owns 4,691 shares of the company’s stock valued at $235,000 after acquiring an additional 596 shares during the period. James Investment Research Inc. bought a new stake in Sylvamo in the first quarter valued at about $251,000. Finally, LMG Wealth Partners LLC bought a new stake in Sylvamo in the second quarter valued at about $260,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Down 0.1%

NYSE SLVM opened at $42.53 on Thursday. The firm has a market cap of $1.72 billion, a PE ratio of 8.13, a price-to-earnings-growth ratio of 2.70 and a beta of 0.97. Sylvamo Corporation has a one year low of $37.51 and a one year high of $98.02. The stock’s 50 day simple moving average is $43.74 and its 200 day simple moving average is $50.12. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.54 and a quick ratio of 0.91.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Friday, August 8th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.10). Sylvamo had a net margin of 6.11% and a return on equity of 23.99%. The company had revenue of $794.00 million for the quarter, compared to the consensus estimate of $826.60 million. During the same period last year, the company earned $1.98 earnings per share. Sylvamo’s revenue for the quarter was down 14.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 3rd were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, October 3rd. Sylvamo’s dividend payout ratio is 34.42%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Zacks Research raised shares of Sylvamo to a “strong sell” rating in a research note on Monday, August 11th. Royal Bank Of Canada set a $49.00 target price on shares of Sylvamo and gave the company a “sector perform” rating in a research note on Monday, August 11th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a report on Wednesday, October 8th. Finally, Bank of America decreased their price target on Sylvamo from $67.00 to $64.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 9th. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $56.50.

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.