Sylvamo (NYSE:SLVM) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Sylvamo (NYSE:SLVM) from a hold rating to a sell rating in a report issued on Saturday morning.

SLVM has been the topic of a number of other reports. Bank of America reissued a “neutral” rating and issued a $45.00 price target on shares of Sylvamo in a research note on Tuesday, July 14th. Weiss Ratings cut shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Royal Bank Of Canada dropped their target price on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a report on Friday, July 17th. Truist Financial cut their target price on Sylvamo from $54.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Finally, Zacks Research cut Sylvamo from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Sylvamo has an average rating of “Reduce” and a consensus price target of $47.33.

Sylvamo Stock Down 1.6%

Shares of NYSE:SLVM opened at $37.65 on Friday. The business has a 50-day moving average price of $38.78 and a 200 day moving average price of $42.93. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.88, a PEG ratio of 0.85 and a beta of 0.87. Sylvamo has a 12-month low of $35.53 and a 12-month high of $56.80.

Sylvamo (NYSE:SLVM) last issued its quarterly earnings data on Friday, May 8th. The company reported ($0.53) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.25) by ($0.28). Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $740.85 million. During the same quarter last year, the firm posted $0.68 earnings per share. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. Sell-side analysts expect that Sylvamo will post 2.2 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 annualized dividend and a yield of 4.8%. Sylvamo’s dividend payout ratio (DPR) is 71.15%.

Insider Transactions at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of Sylvamo stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the completion of the transaction, the director owned 14,475 shares in the company, valued at $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sylvamo

Several institutional investors have recently modified their holdings of SLVM. Wedge Capital Management L L P NC increased its holdings in Sylvamo by 0.8% in the fourth quarter. Wedge Capital Management L L P NC now owns 30,727 shares of the company’s stock valued at $1,480,000 after buying an additional 245 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Sylvamo by 0.9% in the 2nd quarter. Lazard Asset Management LLC now owns 29,415 shares of the company’s stock valued at $1,473,000 after acquiring an additional 259 shares during the last quarter. Rock Point Advisors LLC increased its holdings in shares of Sylvamo by 0.3% in the 4th quarter. Rock Point Advisors LLC now owns 82,314 shares of the company’s stock valued at $3,963,000 after acquiring an additional 265 shares during the last quarter. UMB Bank n.a. raised its position in shares of Sylvamo by 171.2% during the 4th quarter. UMB Bank n.a. now owns 564 shares of the company’s stock worth $27,000 after acquiring an additional 356 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Sylvamo by 162.7% during the fourth quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock worth $40,000 after purchasing an additional 519 shares during the last quarter. 91.16% of the stock is owned by hedge funds and other institutional investors.

Sylvamo Company Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.