Sylvamo Corporation $SLVM Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lessened its position in shares of Sylvamo Corporation (NYSE:SLVM) by 56.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,563 shares of the company’s stock after selling 22,858 shares during the quarter. Bleakley Financial Group LLC’s holdings in Sylvamo were worth $742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its position in Sylvamo by 3,457.1% during the 1st quarter. Fifth Third Bancorp now owns 19,244 shares of the company’s stock worth $813,000 after purchasing an additional 18,703 shares during the last quarter. Inspire Investing LLC increased its stake in shares of Sylvamo by 410,233.3% during the 1st quarter. Inspire Investing LLC now owns 12,310 shares of the company’s stock valued at $520,000 after acquiring an additional 12,307 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Sylvamo in the first quarter valued at approximately $621,000. LMG Wealth Partners LLC grew its position in Sylvamo by 40.5% during the first quarter. LMG Wealth Partners LLC now owns 12,133 shares of the company’s stock valued at $512,000 after acquiring an additional 3,498 shares during the period. Finally, SG Americas Securities LLC lifted its position in Sylvamo by 8.3% during the first quarter. SG Americas Securities LLC now owns 242,221 shares of the company’s stock valued at $10,231,000 after buying an additional 18,653 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Insider Activity

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SLVM shares. Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Weiss Ratings cut Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Royal Bank Of Canada lowered their target price on Sylvamo from $49.00 to $46.00 and set a “sector perform” rating on the stock in a report on Friday. Bank of America restated a “neutral” rating and set a $45.00 price target on shares of Sylvamo in a report on Tuesday. Finally, Truist Financial reduced their price objective on Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $47.33.

Sylvamo Price Performance

SLVM opened at $38.34 on Friday. The company’s 50 day simple moving average is $38.92 and its 200-day simple moving average is $43.40. The stock has a market capitalization of $1.52 billion, a P/E ratio of 15.15, a price-to-earnings-growth ratio of 0.88 and a beta of 0.87. Sylvamo Corporation has a one year low of $35.53 and a one year high of $56.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.45 and a quick ratio of 0.81.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. Sylvamo’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.68 EPS. Sell-side analysts anticipate that Sylvamo Corporation will post 2.2 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is currently 71.15%.

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.