Capital Advisors Inc. OK Makes New $201,000 Investment in Sylvamo Co. (NYSE:SLVM)

Capital Advisors Inc. OK purchased a new stake in shares of Sylvamo Co. (NYSE:SLVM) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,347 shares of the company’s stock, valued at approximately $201,000.

Several other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. raised its position in Sylvamo by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 2,692,101 shares of the company’s stock worth $132,209,000 after buying an additional 71,770 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Sylvamo by 4.4% in the first quarter. Janney Montgomery Scott LLC now owns 12,870 shares of the company’s stock worth $795,000 after acquiring an additional 547 shares during the period. Texas Permanent School Fund Corp raised its holdings in shares of Sylvamo by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 30,912 shares of the company’s stock valued at $1,909,000 after purchasing an additional 400 shares during the last quarter. Duality Advisers LP bought a new position in Sylvamo during the first quarter valued at approximately $261,000. Finally, Concurrent Investment Advisors LLC purchased a new stake in Sylvamo in the first quarter worth approximately $586,000. 91.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SLVM shares. Sidoti initiated coverage on Sylvamo in a report on Tuesday, October 15th. They set a “buy” rating and a $100.00 price target on the stock. Bank of America increased their target price on Sylvamo from $82.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price target on Sylvamo from $63.00 to $71.00 and gave the company a “sector perform” rating in a research note on Monday, August 12th.

Sylvamo Trading Down 0.0 %

Shares of SLVM stock opened at $85.00 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.68 and a quick ratio of 1.05. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 4.54 and a beta of 1.08. Sylvamo Co. has a 1 year low of $43.94 and a 1 year high of $88.42. The firm has a fifty day moving average price of $81.58 and a 200-day moving average price of $73.61.

Sylvamo (NYSE:SLVM) last released its quarterly earnings results on Friday, August 9th. The company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.58 by $0.40. Sylvamo had a return on equity of 28.83% and a net margin of 6.30%. The business had revenue of $933.00 million during the quarter, compared to analyst estimates of $937.56 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. Sylvamo’s revenue for the quarter was up 1.5% on a year-over-year basis. As a group, equities analysts predict that Sylvamo Co. will post 7.4 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.12%. The ex-dividend date was Thursday, October 3rd. Sylvamo’s dividend payout ratio is 32.55%.

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.