Xponance Inc. Sells 431 Shares of Sylvamo Co. (NYSE:SLVM)

Xponance Inc. cut its stake in Sylvamo Co. (NYSE:SLVM) by 7.1% during the fourth quarter, HoldingsChannel reports. The firm owned 5,657 shares of the company’s stock after selling 431 shares during the period. Xponance Inc.’s holdings in Sylvamo were worth $447,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Cibc World Markets Corp grew its position in shares of Sylvamo by 7.2% during the 4th quarter. Cibc World Markets Corp now owns 48,255 shares of the company’s stock worth $3,813,000 after buying an additional 3,255 shares in the last quarter. Vestcor Inc bought a new position in Sylvamo during the 4th quarter worth about $246,000. Swiss National Bank increased its position in Sylvamo by 0.4% during the 4th quarter. Swiss National Bank now owns 68,500 shares of the company’s stock valued at $5,413,000 after purchasing an additional 300 shares during the period. HighTower Advisors LLC lifted its position in shares of Sylvamo by 5.4% in the 4th quarter. HighTower Advisors LLC now owns 19,473 shares of the company’s stock worth $1,539,000 after purchasing an additional 1,006 shares during the period. Finally, Amundi boosted its stake in shares of Sylvamo by 171.6% during the fourth quarter. Amundi now owns 19,009 shares of the company’s stock valued at $1,470,000 after purchasing an additional 12,009 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analyst Upgrades and Downgrades

SLVM has been the subject of a number of recent research reports. Royal Bank of Canada reduced their price objective on shares of Sylvamo from $83.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, February 13th. Bank of America restated an “underperform” rating and set a $96.00 price objective on shares of Sylvamo in a research note on Wednesday, December 11th.

Insider Transactions at Sylvamo

In related news, CEO Jeanmichel Ribieras sold 21,250 shares of the company’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $65.14, for a total transaction of $1,384,225.00. Following the completion of the transaction, the chief executive officer now owns 131,894 shares in the company, valued at $8,591,575.16. This represents a 13.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company’s stock.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $67.22 on Thursday. The company has a 50 day simple moving average of $72.33 and a two-hundred day simple moving average of $80.12. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of 9.32, a PEG ratio of 2.23 and a beta of 1.15. The company has a current ratio of 1.56, a quick ratio of 1.03 and a debt-to-equity ratio of 0.92. Sylvamo Co. has a 12 month low of $56.35 and a 12 month high of $98.02.

Sylvamo (NYSE:SLVM) last posted its earnings results on Wednesday, February 12th. The company reported $1.94 EPS for the quarter, topping the consensus estimate of $1.84 by $0.10. Sylvamo had a return on equity of 34.72% and a net margin of 7.96%. As a group, analysts predict that Sylvamo Co. will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 29th. Shareholders of record on Tuesday, April 8th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 2.68%. The ex-dividend date is Tuesday, April 8th. Sylvamo’s payout ratio is currently 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.