Villanova Investment Management Co LLC Invests $1.70 Million in Sylvamo Corporation $SLVM

Villanova Investment Management Co LLC acquired a new stake in shares of Sylvamo Corporation (NYSE:SLVM) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 35,260 shares of the company’s stock, valued at approximately $1,698,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. American Century Companies Inc. boosted its stake in shares of Sylvamo by 7.2% in the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock worth $57,086,000 after acquiring an additional 87,095 shares during the period. WINTON GROUP Ltd raised its stake in Sylvamo by 802.6% during the 3rd quarter. WINTON GROUP Ltd now owns 65,521 shares of the company’s stock valued at $2,897,000 after purchasing an additional 58,262 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Sylvamo by 9.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 645,135 shares of the company’s stock worth $31,063,000 after purchasing an additional 56,393 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Sylvamo by 2,246.7% in the 4th quarter. SG Americas Securities LLC now owns 223,568 shares of the company’s stock worth $10,765,000 after purchasing an additional 214,041 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Sylvamo by 8.6% in the 4th quarter. Royce & Associates LP now owns 464,401 shares of the company’s stock worth $22,361,000 after purchasing an additional 36,685 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Sylvamo

In other news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the sale, the director directly owned 14,475 shares in the company, valued at $603,607.50. The trade was a 7.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.81% of the stock is currently owned by company insiders.

Sylvamo Trading Up 0.4%

SLVM stock opened at $39.73 on Friday. The firm has a fifty day moving average price of $40.59 and a 200 day moving average price of $44.93. Sylvamo Corporation has a fifty-two week low of $35.53 and a fifty-two week 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 firm has a market cap of $1.58 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 0.61 and a beta of 0.86.

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

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Tuesday, July 7th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is presently 71.15%.

About Sylvamo

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.