Sylvamo Co. (NYSE:SLVM) Shares Sold by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC reduced its holdings in Sylvamo Co. (NYSE:SLVM) by 15.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,564 shares of the company’s stock after selling 11,624 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Sylvamo were worth $5,102,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its holdings in Sylvamo by 43.6% in the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after buying an additional 201 shares during the period. Fifth Third Bancorp grew its holdings in Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock valued at $58,000 after purchasing an additional 214 shares during the period. Steward Partners Investment Advisory LLC increased its position in Sylvamo by 12.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,010 shares of the company’s stock worth $159,000 after purchasing an additional 218 shares during the last quarter. Wedmont Private Capital raised its stake in Sylvamo by 7.9% during the fourth quarter. Wedmont Private Capital now owns 3,726 shares of the company’s stock worth $281,000 after purchasing an additional 273 shares during the period. Finally, LPL Financial LLC boosted its holdings in shares of Sylvamo by 1.9% in the 4th quarter. LPL Financial LLC now owns 15,874 shares of the company’s stock valued at $1,254,000 after purchasing an additional 299 shares during the last quarter. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CEO Jeanmichel Ribieras sold 21,250 shares of Sylvamo stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the sale, the chief executive officer now directly owns 131,894 shares of the company’s stock, valued at approximately $8,591,575.16. The trade was a 13.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.75% of the company’s stock.

Sylvamo Price Performance

Sylvamo stock opened at $66.91 on Friday. The firm has a fifty day moving average of $72.08 and a 200-day moving average of $80.03. Sylvamo Co. has a 52-week low of $56.35 and a 52-week high of $98.02. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $2.71 billion, a P/E ratio of 9.28, a PEG ratio of 2.23 and a beta of 1.15.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS 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%. As a group, analysts predict that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.69%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s dividend payout ratio (DPR) is 24.97%.

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.