Thrivent Financial for Lutherans decreased its position in Sylvamo Co. (NYSE:SLVM – Get Rating) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,927 shares of the company’s stock after selling 284 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Sylvamo were worth $1,649,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in Sylvamo by 202.9% during the first quarter. JPMorgan Chase & Co. now owns 87,208 shares of the company’s stock worth $2,902,000 after purchasing an additional 58,413 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Sylvamo during the 1st quarter worth approximately $299,000. Citigroup Inc. boosted its stake in shares of Sylvamo by 18.7% in the 1st quarter. Citigroup Inc. now owns 34,363 shares of the company’s stock worth $1,144,000 after buying an additional 5,412 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Sylvamo by 4.1% in the first quarter. Rhumbline Advisers now owns 84,128 shares of the company’s stock valued at $2,800,000 after acquiring an additional 3,347 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Sylvamo by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 30,418 shares of the company’s stock valued at $1,012,000 after acquiring an additional 3,749 shares during the last quarter. Hedge funds and other institutional investors own 85.95% of the company’s stock.
Insider Transactions at Sylvamo
In related news, CFO John V. Sims sold 12,842 shares of the company’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $47.81, for a total value of $613,976.02. Following the transaction, the chief financial officer now owns 68,481 shares in the company, valued at $3,274,076.61. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO John V. Sims sold 12,842 shares of the business’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $47.81, for a total value of $613,976.02. Following the sale, the chief financial officer now directly owns 68,481 shares in the company, valued at approximately $3,274,076.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karl L. Meyers acquired 10,000 shares of the company’s stock in a transaction on Friday, March 10th. The shares were acquired at an average cost of $49.17 per share, for a total transaction of $491,700.00. Following the completion of the acquisition, the director now owns 10,000 shares of the company’s stock, valued at $491,700. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.
Sylvamo Stock Performance
Sylvamo (NYSE:SLVM – Get Rating) last released its earnings results on Tuesday, May 9th. The company reported $2.51 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.15. The company had revenue of $959.00 million for the quarter. Sylvamo had a return on equity of 80.23% and a net margin of 5.02%. As a group, analysts anticipate that Sylvamo Co. will post 7.74 EPS for the current year.
Sylvamo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 6th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Wednesday, July 5th. Sylvamo’s dividend payout ratio is currently 23.09%.
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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