Sylvamo Co. (NYSE:SLVM) CEO Sells $769,504.44 in Stock

Sylvamo Co. (NYSE:SLVMGet Free Report) CEO Jeanmichel Ribieras sold 12,226 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $62.94, for a total value of $769,504.44. Following the completion of the transaction, the chief executive officer now directly owns 144,501 shares of the company’s stock, valued at approximately $9,094,892.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Sylvamo Trading Down 6.8 %

Shares of SLVM stock opened at $56.66 on Friday. The stock has a 50-day simple moving average of $52.52 and a 200 day simple moving average of $48.10. Sylvamo Co. has a fifty-two week low of $37.59 and a fifty-two week high of $64.32. The stock has a market capitalization of $2.34 billion, a P/E ratio of 9.57, a P/E/G ratio of 0.36 and a beta of 1.11. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03.

Sylvamo (NYSE:SLVMGet Free Report) last released its quarterly earnings results on Thursday, February 15th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business had revenue of $964.00 million during the quarter, compared to analyst estimates of $903.72 million. During the same quarter last year, the company posted $1.97 EPS. Sylvamo’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Sylvamo Co. will post 5.75 earnings per share for the current fiscal year.

Sylvamo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Monday, April 8th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.12%. Sylvamo’s dividend payout ratio (DPR) is 20.27%.

Hedge Funds Weigh In On Sylvamo

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in Sylvamo by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 2,692,101 shares of the company’s stock worth $132,209,000 after acquiring an additional 71,770 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Sylvamo by 39.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 218,034 shares of the company’s stock valued at $10,708,000 after buying an additional 61,805 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Sylvamo by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,477 shares of the company’s stock valued at $957,000 after buying an additional 1,150 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Sylvamo during the 4th quarter valued at about $1,138,000. Finally, Barclays PLC lifted its holdings in shares of Sylvamo by 244.2% during the 4th quarter. Barclays PLC now owns 65,376 shares of the company’s stock valued at $3,210,000 after buying an additional 46,381 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on SLVM shares. TheStreet raised Sylvamo from a “c+” rating to a “b” rating in a research note on Wednesday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $55.00 target price (up previously from $45.00) on shares of Sylvamo in a research note on Monday, February 26th.

Get Our Latest Analysis on Sylvamo

Sylvamo Company Profile

(Get Free Report)

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.

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