Sylvamo Co. (NYSE:SLVM) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in Sylvamo Co. (NYSE:SLVM) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,159 shares of the company’s stock after acquiring an additional 1,649 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sylvamo were worth $843,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System lifted its position in Sylvamo by 8.5% in the fourth quarter. New York State Teachers Retirement System now owns 48,992 shares of the company’s stock valued at $2,406,000 after acquiring an additional 3,832 shares during the last quarter. International Assets Investment Management LLC lifted its position in Sylvamo by 4,871.5% in the fourth quarter. International Assets Investment Management LLC now owns 30,923 shares of the company’s stock valued at $1,519,000 after acquiring an additional 30,301 shares during the last quarter. U S Global Investors Inc. purchased a new stake in Sylvamo in the fourth quarter valued at $393,000. Denali Advisors LLC lifted its position in Sylvamo by 21.6% in the fourth quarter. Denali Advisors LLC now owns 88,900 shares of the company’s stock valued at $4,366,000 after acquiring an additional 15,800 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Sylvamo by 3.1% in the third quarter. Vanguard Group Inc. now owns 2,620,331 shares of the company’s stock valued at $115,137,000 after acquiring an additional 78,279 shares during the last quarter. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Trading Up 0.9 %

NYSE SLVM opened at $62.71 on Thursday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.14 and a current ratio of 1.72. The firm has a market cap of $2.60 billion, a PE ratio of 10.59, a P/E/G ratio of 0.33 and a beta of 1.10. Sylvamo Co. has a one year low of $37.59 and a one year high of $64.32. The firm’s fifty day moving average is $59.65 and its two-hundred day moving average is $51.64.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Thursday, February 15th. The company reported $1.16 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.34. The company had revenue of $964.00 million for the quarter, compared to analyst estimates of $903.72 million. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. Sylvamo’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.97 earnings per share. Analysts expect that Sylvamo Co. will post 6.15 earnings per share for the current year.

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Monday, April 8th will be paid a dividend of $0.30 per share. 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 1.91%. Sylvamo’s dividend payout ratio (DPR) is 20.27%.

Insider Transactions at Sylvamo

In other news, SVP Peggy Maes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now directly owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Jeanmichel Ribieras sold 12,225 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $57.20, for a total transaction of $699,270.00. Following the transaction, the chief executive officer now directly owns 132,276 shares in the company, valued at $7,566,187.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Peggy Maes sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $55.09, for a total transaction of $55,090.00. Following the transaction, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The disclosure for this sale can be found here. Insiders have sold a total of 26,951 shares of company stock worth $1,618,664 over the last ninety days. 0.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $55.00 price target (up from $45.00) on shares of Sylvamo in a research report on Monday, February 26th.

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.