Sylvamo Corporation $SLVM Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in shares of Sylvamo Corporation (NYSE:SLVM) by 84,243.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 128,202 shares of the company’s stock after acquiring an additional 128,050 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sylvamo were worth $6,173,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SLVM. Nomura Holdings Inc. boosted its position in Sylvamo by 34.1% during the 3rd quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after acquiring an additional 546,336 shares during the period. Millennium Management LLC boosted its position in Sylvamo by 3,945.8% during the 3rd quarter. Millennium Management LLC now owns 316,380 shares of the company’s stock worth $13,990,000 after acquiring an additional 308,560 shares during the period. Canada Pension Plan Investment Board acquired a new position in Sylvamo during the 2nd quarter worth $15,030,000. SG Americas Securities LLC boosted its position in Sylvamo by 2,246.7% during the 4th quarter. SG Americas Securities LLC now owns 223,568 shares of the company’s stock worth $10,765,000 after acquiring an additional 214,041 shares during the period. Finally, UBS Group AG boosted its position in Sylvamo by 172.0% during the 4th quarter. UBS Group AG now owns 338,414 shares of the company’s stock worth $16,295,000 after acquiring an additional 214,016 shares during the period. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analyst Ratings Changes

SLVM has been the topic of a number of research reports. Truist Financial initiated coverage on Sylvamo in a research note on Monday, March 30th. They issued a “buy” rating and a $54.00 price objective on the stock. Royal Bank Of Canada dropped their price objective on Sylvamo from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research note on Monday, May 11th. Zacks Research raised Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $54.00.

Sylvamo Stock Down 0.1%

SLVM opened at $38.13 on Friday. Sylvamo Corporation has a one year low of $35.53 and a one year high of $56.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.81 and a current ratio of 1.45. The stock’s fifty day moving average is $41.11 and its 200-day moving average is $45.65. The company has a market capitalization of $1.51 billion, a PE ratio of 15.07, a P/E/G ratio of 0.58 and a beta of 0.91.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.28). Sylvamo had a return on equity of 9.79% and a net margin of 3.11%.The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $740.85 million. During the same period in the prior year, the firm posted $0.68 EPS. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that Sylvamo Corporation will post 2.32 EPS for the current fiscal year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. Sylvamo’s payout ratio is 71.15%.

Insider Activity

In other news, SVP Rodrigo Davoli sold 3,250 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $46.46, for a total transaction of $150,995.00. Following the sale, the senior vice president directly owned 46,484 shares of the company’s stock, valued at $2,159,646.64. The trade was a 6.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.81% of the stock is owned by company insiders.

Sylvamo Profile

Sylvamo Corporation, trading on the New York Stock Exchange under the ticker SLVM, is a leading global producer of uncoated freesheet paper. The company was established in October 2021 through a spin-off from International Paper, creating an independent entity focused exclusively on the development, manufacturing and marketing of high-quality uncoated paper products. Headquartered in Memphis, Tennessee, Sylvamo draws on decades of industry experience inherited from its predecessor, positioning itself to meet evolving customer needs in paper-based communications and packaging applications.

The company’s core product portfolio includes office and digital print papers, direct mail and marketing materials, catalog and commercial printing papers, and a range of specialty and value-added grades.