Bleakley Financial Group LLC Acquires 30,263 Shares of Sylvamo Corporation $SLVM

Bleakley Financial Group LLC raised its holdings in Sylvamo Corporation (NYSE:SLVM) by 297.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,421 shares of the company’s stock after purchasing an additional 30,263 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sylvamo were worth $1,946,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Sylvamo by 222.8% during the fourth quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after acquiring an additional 528 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Sylvamo during the fourth quarter worth $38,000. Advisory Services Network LLC bought a new stake in shares of Sylvamo during the third quarter worth $38,000. Farther Finance Advisors LLC raised its position in shares of Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after acquiring an additional 519 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after acquiring an additional 638 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Insider Transactions at Sylvamo

In other Sylvamo news, SVP Rodrigo Davoli sold 3,250 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total value of $150,995.00. Following the sale, the senior vice president owned 46,484 shares in the company, valued at $2,159,646.64. This represents a 6.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by corporate insiders.

Sylvamo Stock Up 0.8%

NYSE:SLVM opened at $39.39 on Friday. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 0.60 and a beta of 0.91. The stock has a 50-day moving average price of $40.87 and a two-hundred day moving average price of $45.60.

Sylvamo (NYSE:SLVM) last posted its earnings results on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.68 earnings per share. As a group, equities analysts expect that Sylvamo Corporation will post 2.32 earnings per share for the current year.

Sylvamo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 4.6%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s dividend payout ratio is presently 71.15%.

Analyst Ratings Changes

A number of research firms have recently weighed in on SLVM. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Royal Bank Of Canada dropped their target price on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating for the company in a research report on Monday, May 11th. Truist Financial began coverage on Sylvamo in a research report on Monday, March 30th. They set a “buy” rating and a $54.00 target price for the company. Finally, Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $54.00.

About Sylvamo

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.