Sylvamo Co. (NYSE:SLVM) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its holdings in shares of Sylvamo Co. (NYSE:SLVM) by 34.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,934 shares of the company’s stock after selling 8,991 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sylvamo were worth $832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. First Trust Advisors LP purchased a new position in shares of Sylvamo during the first quarter worth $69,597,000. Royal London Asset Management Ltd. boosted its position in shares of Sylvamo by 60.9% during the third quarter. Royal London Asset Management Ltd. now owns 1,823,426 shares of the company’s stock worth $80,167,000 after buying an additional 690,117 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Sylvamo by 111.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 751,717 shares of the company’s stock worth $34,774,000 after buying an additional 396,375 shares during the period. Norges Bank purchased a new position in shares of Sylvamo during the fourth quarter worth $18,292,000. Finally, Millennium Management LLC boosted its position in shares of Sylvamo by 182.5% during the fourth quarter. Millennium Management LLC now owns 402,370 shares of the company’s stock worth $19,551,000 after buying an additional 259,940 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Down 0.7 %

NYSE:SLVM opened at $57.24 on Wednesday. The firm has a market cap of $2.37 billion, a PE ratio of 9.67, a price-to-earnings-growth ratio of 0.34 and a beta of 1.10. The stock has a fifty day moving average price of $58.07 and a 200 day moving average price of $50.96. Sylvamo Co. has a 12-month low of $37.59 and a 12-month high of $64.32. The company has a current ratio of 1.72, a quick ratio of 1.14 and a debt-to-equity ratio of 1.03.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. The firm had revenue of $964.00 million during the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. Sylvamo’s revenue was up 4.0% compared to the same quarter last year. During the same period last year, the business posted $1.97 earnings per share. Sell-side analysts anticipate that Sylvamo Co. will post 5.75 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is 20.27%.

Insiders Place Their Bets

In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,226 shares of Sylvamo stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $62.94, for a total transaction of $769,504.44. Following the completion of the sale, the chief executive officer now directly owns 144,501 shares of the company’s stock, valued at approximately $9,094,892.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Peggy Maes sold 1,500 shares of Sylvamo stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $63.20, for a total transaction of $94,800.00. Following the sale, the senior vice president now owns 11,249 shares in the company, valued at $710,936.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeanmichel Ribieras sold 12,226 shares of Sylvamo stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $62.94, for a total value of $769,504.44. Following the sale, the chief executive officer now owns 144,501 shares in the company, valued at approximately $9,094,892.94. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock valued at $1,618,664 in the last ninety days. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. TheStreet upgraded Sylvamo from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $55.00 target price (up from $45.00) on shares of Sylvamo in a report on Monday, February 26th.

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.