Bank of America Corp DE reduced its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 3.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 291,636 shares of the company’s stock after selling 9,602 shares during the quarter. Bank of America Corp DE owned about 0.95% of Schweitzer-Mauduit International worth $12,750,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Laurion Capital Management LP boosted its holdings in Schweitzer-Mauduit International by 30.9% in the 2nd quarter. Laurion Capital Management LP now owns 12,401 shares of the company’s stock worth $542,000 after buying an additional 2,930 shares during the period. BlueMountain Capital Management LLC bought a new position in Schweitzer-Mauduit International in the 2nd quarter worth $496,000. Itau Unibanco Holding S.A. bought a new position in Schweitzer-Mauduit International in the 2nd quarter worth $172,000. Legal & General Group Plc boosted its holdings in Schweitzer-Mauduit International by 5.3% in the 2nd quarter. Legal & General Group Plc now owns 65,923 shares of the company’s stock worth $2,880,000 after buying an additional 3,334 shares during the period. Finally, BlackRock Inc. boosted its holdings in Schweitzer-Mauduit International by 3.8% in the 2nd quarter. BlackRock Inc. now owns 4,291,606 shares of the company’s stock worth $187,629,000 after buying an additional 158,577 shares during the period. Institutional investors own 88.65% of the company’s stock.
Several research analysts recently weighed in on SWM shares. Zacks Investment Research raised shares of Schweitzer-Mauduit International from a “sell” rating to a “hold” rating in a report on Thursday, October 4th. Sidoti set a $56.00 price objective on shares of Schweitzer-Mauduit International and gave the company a “buy” rating in a report on Friday, September 14th.
SWM opened at $33.37 on Friday. Schweitzer-Mauduit International, Inc. has a 52 week low of $33.09 and a 52 week high of $48.06. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 10.86, a P/E/G ratio of 5.67 and a beta of 1.32. The company has a quick ratio of 1.86, a current ratio of 2.98 and a debt-to-equity ratio of 1.18.
Schweitzer-Mauduit International (NYSE:SWM) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.85 by $0.14. Schweitzer-Mauduit International had a net margin of 4.36% and a return on equity of 19.06%. The business had revenue of $270.40 million during the quarter, compared to the consensus estimate of $265.35 million. During the same quarter in the prior year, the firm earned $0.88 EPS. The business’s revenue was up 5.9% on a year-over-year basis. On average, sell-side analysts forecast that Schweitzer-Mauduit International, Inc. will post 3.38 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 21st. Shareholders of record on Friday, August 24th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 5.15%. The ex-dividend date was Thursday, August 23rd. Schweitzer-Mauduit International’s dividend payout ratio (DPR) is presently 54.09%.
Schweitzer-Mauduit International Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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