Allianz Asset Management GmbH Increases Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Allianz Asset Management GmbH boosted its stake in Sylvamo Co. (NYSE:SLVM) by 16.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 507,965 shares of the company’s stock after buying an additional 72,226 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.24% of Sylvamo worth $40,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC boosted its stake in shares of Sylvamo by 150.9% in the 3rd quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after buying an additional 13,512 shares during the last quarter. HighTower Advisors LLC boosted its position in Sylvamo by 473.5% in the third quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after purchasing an additional 15,247 shares during the last quarter. Citigroup Inc. grew its stake in Sylvamo by 67.0% in the 3rd quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock valued at $3,994,000 after purchasing an additional 18,657 shares during the period. GAMMA Investing LLC increased its position in shares of Sylvamo by 43.6% during the 4th quarter. GAMMA Investing LLC now owns 662 shares of the company’s stock valued at $52,000 after purchasing an additional 201 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Sylvamo by 6,693.0% during the 3rd quarter. International Assets Investment Management LLC now owns 69,085 shares of the company’s stock worth $5,931,000 after purchasing an additional 68,068 shares during the period. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SLVM. Bank of America restated an “underperform” rating and set a $96.00 price target on shares of Sylvamo in a research report on Wednesday, December 11th. Royal Bank of Canada reduced their target price on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, February 13th.

Sylvamo Stock Down 1.9 %

Shares of NYSE SLVM opened at $68.33 on Monday. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.56 and a quick ratio of 1.03. The stock has a market capitalization of $2.80 billion, a PE ratio of 9.48, a P/E/G ratio of 2.23 and a beta of 1.12. Sylvamo Co. has a one year low of $54.59 and a one year high of $98.02. The business’s fifty day moving average price is $78.16 and its 200-day moving average price is $81.64.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, beating the consensus estimate of $1.84 by $0.10. Sylvamo had a net margin of 7.96% and a return on equity of 34.72%. On average, equities research analysts anticipate that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.63%. Sylvamo’s dividend payout ratio is 24.97%.

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.