Foster & Motley Inc. Has $1.89 Million Stock Holdings in Sylvamo Co. (NYSE:SLVM)

Foster & Motley Inc. grew its position in shares of Sylvamo Co. (NYSE:SLVM) by 108.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,850 shares of the company’s stock after purchasing an additional 12,411 shares during the quarter. Foster & Motley Inc.’s holdings in Sylvamo were worth $1,885,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of Sylvamo by 116.6% during the third quarter. Fortitude Family Office LLC now owns 444 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Sylvamo by 59.0% in the third quarter. GAMMA Investing LLC now owns 461 shares of the company’s stock worth $40,000 after acquiring an additional 171 shares during the period. Fifth Third Bancorp lifted its stake in shares of Sylvamo by 40.9% in the fourth quarter. Fifth Third Bancorp now owns 737 shares of the company’s stock worth $58,000 after acquiring an additional 214 shares during the period. LRI Investments LLC lifted its stake in shares of Sylvamo by 4,825.0% in the third quarter. LRI Investments LLC now owns 788 shares of the company’s stock worth $66,000 after acquiring an additional 772 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sylvamo in the third quarter worth approximately $82,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America reaffirmed an “underperform” rating and issued a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th. Sidoti began coverage on Sylvamo in a research note on Tuesday, October 15th. They issued a “buy” rating and a $100.00 price objective on the stock.

Sylvamo Trading Up 1.2 %

Shares of SLVM stock opened at $81.26 on Friday. The company has a market cap of $3.33 billion, a P/E ratio of 12.64, a PEG ratio of 2.30 and a beta of 1.13. The stock has a 50 day simple moving average of $83.66 and a two-hundred day simple moving average of $81.17. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.72. Sylvamo Co. has a fifty-two week low of $44.94 and a fifty-two week high of $98.02.

Sylvamo (NYSE:SLVM) last issued its earnings results on Tuesday, November 12th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.26. The business had revenue of $965.00 million during the quarter, compared to the consensus estimate of $960.47 million. Sylvamo had a return on equity of 30.60% and a net margin of 7.13%. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.70 earnings per share. Research analysts forecast that Sylvamo Co. will post 7.15 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Monday, January 6th were issued a dividend of $0.45 per share. The ex-dividend date was Monday, January 6th. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. Sylvamo’s dividend payout ratio is 27.99%.

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.