Assetmark Inc. Has $2.12 Million Holdings in Sylvamo Co. (NYSE:SLVM)

Assetmark Inc. raised its holdings in Sylvamo Co. (NYSE:SLVM) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 43,063 shares of the company’s stock after buying an additional 2,114 shares during the quarter. Assetmark Inc. owned 0.10% of Sylvamo worth $2,115,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Sylvamo by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,620,331 shares of the company’s stock valued at $115,137,000 after buying an additional 78,279 shares during the period. Royal London Asset Management Ltd. increased its holdings in Sylvamo by 60.9% in the 3rd quarter. Royal London Asset Management Ltd. now owns 1,823,426 shares of the company’s stock valued at $80,167,000 after buying an additional 690,117 shares during the period. William Blair Investment Management LLC increased its holdings in Sylvamo by 15.8% in the 3rd quarter. William Blair Investment Management LLC now owns 1,773,987 shares of the company’s stock valued at $77,949,000 after buying an additional 241,441 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Sylvamo by 7.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,148,534 shares of the company’s stock worth $56,406,000 after purchasing an additional 79,778 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Sylvamo by 1.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 741,430 shares of the company’s stock worth $32,578,000 after purchasing an additional 13,957 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Up 3.2 %

SLVM opened at $72.14 on Friday. The firm’s 50-day simple moving average is $63.16 and its 200-day simple moving average is $55.26. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.09 and a current ratio of 1.72. Sylvamo Co. has a twelve month low of $37.59 and a twelve month high of $72.36. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 0.36 and a beta of 1.08.

Sylvamo (NYSE:SLVM) last posted its earnings results on Friday, May 10th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.02. Sylvamo had a net margin of 5.40% and a return on equity of 24.67%. The business had revenue of $905.00 million for the quarter, compared to analyst estimates of $864.38 million. During the same quarter in the prior year, the firm earned $2.51 EPS. The firm’s quarterly revenue was down 3.8% compared to the same quarter last year. Equities research analysts anticipate that Sylvamo Co. will post 6.75 EPS for the current fiscal year.

Sylvamo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Monday, July 8th will be given a dividend of $0.45 per share. This is an increase from Sylvamo’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Friday, July 5th. This represents a $1.80 annualized dividend and a yield of 2.50%. Sylvamo’s dividend payout ratio is 38.38%.

Insider Buying and Selling

In related news, SVP Peggy Maes sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $63.20, for a total transaction of $94,800.00. Following the transaction, the senior vice president now owns 11,249 shares in the company, valued at approximately $710,936.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Peggy Maes sold 1,500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $63.20, for a total transaction of $94,800.00. Following the transaction, the senior vice president now owns 11,249 shares in the company, valued at approximately $710,936.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Jeanmichel Ribieras sold 12,226 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $62.94, for a total transaction of $769,504.44. Following the transaction, the chief executive officer now owns 144,501 shares in the company, valued at approximately $9,094,892.94. The disclosure for this sale can be found here. Insiders have sold a total of 25,951 shares of company stock worth $1,563,574 in the last 90 days. Corporate insiders own 0.75% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their target price on shares of Sylvamo from $56.00 to $63.00 and gave the stock a “sector perform” rating in a report on Monday, May 13th.

Sylvamo 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.