Los Angeles Capital Management LLC Sells 4,249 Shares of Sylvamo Co. (NYSE:SLVM)

Los Angeles Capital Management LLC reduced its position in Sylvamo Co. (NYSE:SLVM) by 18.4% in the 4th quarter, HoldingsChannel reports. The firm owned 18,794 shares of the company’s stock after selling 4,249 shares during the period. Los Angeles Capital Management LLC’s holdings in Sylvamo were worth $1,485,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC acquired a new stake in shares of Sylvamo in the third quarter valued at approximately $234,000. International Assets Investment Management LLC raised its stake in Sylvamo by 6,693.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock valued at $5,931,000 after acquiring an additional 68,068 shares during the period. Capital Advisors Inc. OK acquired a new stake in Sylvamo during the 3rd quarter valued at $201,000. Janney Montgomery Scott LLC boosted its position in Sylvamo by 724.1% during the third quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock worth $3,220,000 after purchasing an additional 32,954 shares during the period. Finally, Catalina Capital Group LLC acquired a new position in shares of Sylvamo in the third quarter valued at $246,000. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $71.01 on Friday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 9.85, a P/E/G ratio of 2.23 and a beta of 1.12. The stock’s fifty day moving average price is $76.86 and its two-hundred day moving average price is $81.41. Sylvamo Co. has a one year low of $56.20 and a one year high of $98.02.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, equities analysts forecast that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.54%. Sylvamo’s payout ratio is presently 24.97%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on SLVM. Royal Bank of Canada cut their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Bank of America reissued an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a report on Wednesday, December 11th.

Sylvamo Profile

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.