Jeanmichel Ribieras Sells 21,250 Shares of Sylvamo Co. (NYSE:SLVM) Stock

Sylvamo Co. (NYSE:SLVM) CEO Jeanmichel Ribieras sold 21,250 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the transaction, the chief executive officer now owns 131,894 shares of the company’s stock, valued at $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jeanmichel Ribieras also recently made the following trade(s):

• On Monday, March 10th, Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock. The shares were sold at an average price of $65.53, for a total transaction of $1,392,512.50.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $66.49 on Thursday. The company’s 50 day moving average price is $73.46 and its two-hundred day moving average price is $80.46. The firm has a market capitalization of $2.70 billion, a P/E ratio of 9.22, a P/E/G ratio of 2.23 and a beta of 1.15. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. Sylvamo Co. has a fifty-two week low of $56.35 and a fifty-two week high of $98.02.

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

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Stockholders of record on Tuesday, April 8th will be paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Tuesday, April 8th. Sylvamo’s dividend payout ratio is currently 24.97%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Bank of America reiterated an “underperform” rating and issued a $96.00 price target on shares of Sylvamo in a research note on Wednesday, December 11th. Royal Bank of Canada decreased their target price on Sylvamo from $83.00 to $80.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th.

Institutional Investors Weigh In On Sylvamo

Hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. raised its stake in shares of Sylvamo by 83,084.0% during the third quarter. Pacer Advisors Inc. now owns 2,304,197 shares of the company’s stock valued at $197,815,000 after acquiring an additional 2,301,427 shares during the last quarter. LSV Asset Management increased its holdings in Sylvamo by 3.8% in the fourth quarter. LSV Asset Management now owns 1,791,684 shares of the company’s stock valued at $141,579,000 after purchasing an additional 66,180 shares during the period. State Street Corp raised its position in Sylvamo by 0.9% during the 3rd quarter. State Street Corp now owns 1,407,303 shares of the company’s stock worth $120,817,000 after purchasing an additional 12,181 shares during the last quarter. First Trust Advisors LP lifted its holdings in Sylvamo by 39.7% during the 4th quarter. First Trust Advisors LP now owns 1,177,493 shares of the company’s stock worth $93,045,000 after buying an additional 334,792 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Sylvamo by 15.2% in the 4th quarter. American Century Companies Inc. now owns 1,016,064 shares of the company’s stock valued at $80,289,000 after buying an additional 134,066 shares during the last quarter. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Sylvamo Company 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.