Dimensional Fund Advisors LP Boosts Position in Sylvamo Corporation $SLVM

Dimensional Fund Advisors LP raised its position in Sylvamo Corporation (NYSE:SLVM) by 5.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,362,474 shares of the company’s stock after purchasing an additional 72,177 shares during the period. Dimensional Fund Advisors LP’s holdings in Sylvamo were worth $57,547,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. raised its stake 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 buying an additional 356 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Sylvamo in the 4th quarter valued at about $38,000. Advisory Services Network LLC purchased a new position in Sylvamo during the 3rd quarter valued at about $38,000. Farther Finance Advisors LLC increased its holdings in Sylvamo by 162.7% during the 4th quarter. Farther Finance Advisors LLC now owns 838 shares of the company’s stock valued at $40,000 after acquiring an additional 519 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in Sylvamo by 185.5% during the second quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Sylvamo Stock Performance

NYSE:SLVM opened at $37.50 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.45 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.49 billion, a P/E ratio of 14.82, a P/E/G ratio of 0.92 and a beta of 0.87. Sylvamo Corporation has a fifty-two week low of $35.53 and a fifty-two week high of $56.80. The firm’s 50 day moving average is $38.83 and its two-hundred day moving average is $42.67.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings results on Friday, May 8th. The company reported ($0.53) earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $740.85 million. During the same quarter last year, the business earned $0.68 EPS. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. Analysts expect that Sylvamo Corporation will post 1.99 EPS for the current year.

Sylvamo Dividend Announcement

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

Insiders Place Their Bets

In other Sylvamo news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $41.70, for a total transaction of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.