17,700 Shares in Sylvamo Co. (NYSE:SLVM) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Sylvamo Co. (NYSE:SLVM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,700 shares of the company’s stock, valued at approximately $869,000.

A number of other large investors have also recently bought and sold shares of the business. Perigon Wealth Management LLC boosted its stake in Sylvamo by 11.2% during the 4th quarter. Perigon Wealth Management LLC now owns 11,288 shares of the company’s stock worth $554,000 after purchasing an additional 1,137 shares during the period. International Assets Investment Management LLC boosted its stake in Sylvamo by 4,871.5% during the 4th quarter. International Assets Investment Management LLC now owns 30,923 shares of the company’s stock worth $1,519,000 after purchasing an additional 30,301 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sylvamo by 10.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,159 shares of the company’s stock worth $843,000 after purchasing an additional 1,649 shares during the period. New York State Teachers Retirement System boosted its stake in 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 purchasing an additional 3,832 shares during the period. Finally, U S Global Investors Inc. acquired a new stake in Sylvamo during the 4th quarter worth $393,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Sylvamo Stock Down 1.8 %

SLVM stock opened at $61.63 on Friday. Sylvamo Co. has a one year low of $37.59 and a one year high of $64.32. The stock has a market capitalization of $2.56 billion, a PE ratio of 10.41, a price-to-earnings-growth ratio of 0.34 and a beta of 1.10. 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 company has a fifty day moving average of $59.75 and a 200-day moving average of $51.71.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 15th. The company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.82 by $0.34. Sylvamo had a net margin of 6.77% and a return on equity of 32.81%. The company had revenue of $964.00 million during the quarter, compared to analysts’ expectations of $903.72 million. During the same quarter last year, the business earned $1.97 EPS. The business’s revenue was up 4.0% on a year-over-year basis. As a group, analysts expect that Sylvamo Co. will post 6.15 EPS for the current year.

Sylvamo Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend is Friday, April 5th. Sylvamo’s dividend payout ratio (DPR) is 20.27%.

Insider Activity at Sylvamo

In related news, SVP Peggy Maes sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.09, for a total value of $55,090.00. Following the completion of the sale, the senior vice president now owns 10,535 shares in the company, valued at $580,373.15. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $769,504.44. Following the completion of the transaction, the chief executive officer now directly owns 144,501 shares in the company, valued at approximately $9,094,892.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peggy Maes sold 1,000 shares of the firm’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 owns 10,535 shares of the company’s stock, valued at $580,373.15. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock worth $1,618,664 over the last 90 days. Company insiders own 0.75% of the company’s stock.

Wall Street Analyst Weigh In

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

About Sylvamo

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.