Perigon Wealth Management LLC Has $554,000 Position in Sylvamo Co. (NYSE:SLVM)

Perigon Wealth Management LLC raised its holdings in Sylvamo Co. (NYSE:SLVM) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,288 shares of the company’s stock after buying an additional 1,137 shares during the period. Perigon Wealth Management LLC’s holdings in Sylvamo were worth $554,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC raised its position in Sylvamo by 4,871.5% during the fourth quarter. International Assets Investment Management LLC now owns 30,923 shares of the company’s stock worth $1,519,000 after acquiring an additional 30,301 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Sylvamo by 10.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,159 shares of the company’s stock valued at $843,000 after purchasing an additional 1,649 shares during the last quarter. New York State Teachers Retirement System boosted its stake in shares of Sylvamo by 8.5% during the 4th quarter. New York State Teachers Retirement System now owns 48,992 shares of the company’s stock worth $2,406,000 after acquiring an additional 3,832 shares during the period. U S Global Investors Inc. acquired a new stake in Sylvamo during the 4th quarter valued at $393,000. Finally, Denali Advisors LLC boosted its position in Sylvamo by 21.6% during the fourth quarter. Denali Advisors LLC now owns 88,900 shares of the company’s stock worth $4,366,000 after purchasing an additional 15,800 shares during the period. 91.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,226 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $62.94, for a total value of $769,504.44. Following 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 legal filing with the SEC, which is available through this link. In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,226 shares of the firm’s 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 sale, the chief executive officer now owns 144,501 shares of the company’s stock, valued at approximately $9,094,892.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Peggy Maes sold 1,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $63.20, for a total value of $94,800.00. Following the transaction, the senior vice president now directly owns 11,249 shares of the company’s stock, valued at approximately $710,936.80. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock valued at $1,618,664 over the last quarter. 0.75% of the stock is owned by company insiders.

Sylvamo Price Performance

Shares of Sylvamo stock opened at $57.66 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.72 and a debt-to-equity ratio of 1.03. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 0.34 and a beta of 1.10. Sylvamo Co. has a twelve month low of $37.59 and a twelve month high of $64.32. The company has a 50-day simple moving average of $57.85 and a two-hundred day simple moving average of $50.86.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts’ expectations of $903.72 million. During the same period in the previous year, the company posted $1.97 earnings per share. The firm’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Sylvamo Co. will post 5.75 EPS for the current 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 paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is presently 20.27%.

Analyst Upgrades and Downgrades

SLVM has been the subject of a number of research reports. Royal Bank of Canada restated 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. TheStreet raised Sylvamo from a “c+” rating to a “b” rating in a research report on Wednesday, December 20th.

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.