Steward Partners Investment Advisory LLC reduced its position in shares of Sylvamo Co. (NYSE:SLVM – Get Rating) by 15.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,222 shares of the company’s stock after selling 420 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Sylvamo were worth $74,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLVM. New York State Teachers Retirement System grew its holdings in Sylvamo by 1.0% during the first quarter. New York State Teachers Retirement System now owns 50,586 shares of the company’s stock valued at $1,684,000 after purchasing an additional 497 shares during the period. Bessemer Group Inc. purchased a new stake in Sylvamo during the fourth quarter valued at about $32,000. UMB Bank N A MO purchased a new position in shares of Sylvamo in the fourth quarter worth about $38,000. Counterpoint Mutual Funds LLC increased its holdings in shares of Sylvamo by 209.1% in the first quarter. Counterpoint Mutual Funds LLC now owns 2,569 shares of the company’s stock worth $85,000 after buying an additional 1,738 shares during the period. Finally, Capital Analysts LLC purchased a new position in shares of Sylvamo in the fourth quarter worth about $50,000. 82.83% of the stock is owned by institutional investors.
Sylvamo Stock Up 0.6 %
Shares of SLVM opened at $38.60 on Thursday. The company has a current ratio of 1.71, a quick ratio of 1.16 and a debt-to-equity ratio of 4.05. The firm has a fifty day simple moving average of $38.49 and a two-hundred day simple moving average of $37.47. Sylvamo Co. has a 1-year low of $23.10 and a 1-year high of $53.00.
Sylvamo Dividend Announcement
The business also recently announced a — dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, June 17th were given a dividend of $0.1125 per share. The ex-dividend date was Thursday, June 16th.
Analysts Set New Price Targets
Separately, Royal Bank of Canada raised Sylvamo from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from $40.00 to $43.00 in a research report on Thursday, April 7th.
Sylvamo Company Profile
Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp.
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