Sigma Planning Corp Boosts Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Sigma Planning Corp increased its position in Sylvamo Co. (NYSE:SLVM) by 24.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,375 shares of the company’s stock after acquiring an additional 1,825 shares during the period. Sigma Planning Corp’s holdings in Sylvamo were worth $741,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Sylvamo by 150.9% in the third quarter. Tidal Investments LLC now owns 22,469 shares of the company’s stock worth $1,929,000 after purchasing an additional 13,512 shares during the last quarter. HighTower Advisors LLC increased its holdings in Sylvamo by 473.5% in the 3rd quarter. HighTower Advisors LLC now owns 18,467 shares of the company’s stock worth $1,587,000 after buying an additional 15,247 shares in the last quarter. Citigroup Inc. raised its position in Sylvamo by 67.0% in the 3rd quarter. Citigroup Inc. now owns 46,518 shares of the company’s stock worth $3,994,000 after buying an additional 18,657 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 acquiring an additional 201 shares during the period. Finally, Janney Montgomery Scott LLC lifted its stake in Sylvamo by 724.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 37,505 shares of the company’s stock valued at $3,220,000 after acquiring an additional 32,954 shares during the period. 91.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on SLVM shares. Bank of America reissued an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a report on Wednesday, December 11th. Royal Bank of Canada cut 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 Trading Up 2.1 %

Sylvamo stock opened at $69.54 on Wednesday. Sylvamo Co. has a 52-week low of $55.50 and a 52-week high of $98.02. The company has a market cap of $2.85 billion, a P/E ratio of 9.64, a P/E/G ratio of 2.23 and a beta of 1.12. The company has a quick ratio of 1.03, a current ratio of 1.56 and a debt-to-equity ratio of 0.92. The business has a 50-day simple moving average of $77.42 and a two-hundred day simple moving average of $81.60.

Sylvamo (NYSE:SLVM) last announced its earnings results on Wednesday, February 12th. The company reported $1.94 earnings per share (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%. Analysts predict that Sylvamo Co. will post 7.45 EPS for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 29th. Investors of record on Tuesday, April 8th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.80 dividend on an annualized basis and a yield of 2.59%. Sylvamo’s dividend payout ratio is currently 24.97%.

Sylvamo Company 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.