Insider Selling: Sylvamo (NYSE:SLVM) Director Sells $51,291.00 in Stock

Sylvamo Corporation (NYSE:SLVM) Director Lizanne Bruce sold 1,230 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sylvamo Stock Performance

NYSE:SLVM opened at $39.73 on Friday. Sylvamo Corporation has a 1 year low of $35.53 and a 1 year high of $56.80. The firm’s fifty day simple moving average is $40.59 and its 200 day simple moving average is $44.93. 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 firm has a market capitalization of $1.58 billion, a PE ratio of 15.71, a PEG ratio of 0.61 and a beta of 0.86.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s payout ratio is currently 71.15%.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reduced their price objective 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 shares of Sylvamo in a research note on Monday, March 30th. They issued a “buy” rating and a $54.00 price objective on the stock. Finally, Zacks Research raised shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research report on Monday, April 27th. Two 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $54.00.

Institutional Investors Weigh In On Sylvamo

A number of institutional investors have recently added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Sylvamo by 605.9% in the 4th quarter. Millennium Management LLC now owns 2,233,209 shares of the company’s stock valued at $107,529,000 after acquiring an additional 1,916,829 shares in the last quarter. Nomura Holdings Inc. grew its holdings in shares of Sylvamo by 34.1% during the 3rd quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after purchasing an additional 546,336 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Sylvamo by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company’s stock valued at $57,547,000 after purchasing an additional 72,177 shares during the period. State Street Corp increased its position in shares of Sylvamo by 2.6% during the fourth quarter. State Street Corp now owns 1,341,850 shares of the company’s stock valued at $64,610,000 after purchasing an additional 34,551 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock valued at $57,086,000 after purchasing an additional 87,095 shares in the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Company Profile

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.