Louisiana State Employees Retirement System Invests $621,000 in Sylvamo Corporation $SLVM

Louisiana State Employees Retirement System acquired a new stake in Sylvamo Corporation (NYSE:SLVM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,700 shares of the company’s stock, valued at approximately $621,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. raised its stake in Sylvamo by 171.2% in the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock valued at $27,000 after purchasing an additional 356 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Sylvamo by 222.8% during the 4th quarter. GAMMA Investing LLC now owns 765 shares of the company’s stock worth $37,000 after purchasing an additional 528 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Sylvamo during the fourth quarter worth about $38,000. Farther Finance Advisors LLC raised its position in shares of Sylvamo by 162.7% in the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after buying an additional 519 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in shares of Sylvamo during the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Price Performance

Shares of Sylvamo stock opened at $38.75 on Wednesday. Sylvamo Corporation has a twelve month low of $35.53 and a twelve month high of $56.80. The stock has a market capitalization of $1.54 billion, a P/E ratio of 15.32, a PEG ratio of 0.60 and a beta of 0.87. 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 business’s fifty day moving average price is $39.66 and its 200 day moving average price is $43.96.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $0.68 earnings per share. The business’s revenue was down 8.0% compared to the same quarter last year. As a group, research analysts anticipate that Sylvamo Corporation will post 2.32 earnings per share for the current year.

Sylvamo Announces Dividend

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

Insider Buying and Selling at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the sale, the director directly owned 14,475 shares in the company, valued at approximately $603,607.50. This trade represents a 7.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.81% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on SLVM. Zacks Research upgraded Sylvamo from a “strong sell” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Truist Financial initiated coverage on Sylvamo in a research note on Monday, March 30th. They issued a “buy” rating and a $54.00 target price for the company. Finally, Royal Bank Of Canada decreased their price target on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.00.

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.