Maryland State Retirement & Pension Gadget reduced its place in stocks of Sylvamo Co. (NYSE:SLVM – Unfastened Document) by way of 3.3% right through the second one quarter, in line with its most up-to-date Shape 13F submitting with the SEC. The institutional investor owned 12,437 stocks of the corporate’s inventory after promoting 429 stocks right through the length. Maryland State Retirement & Pension Gadget’s holdings in Sylvamo had been price $503,000 on the finish of the latest reporting length.

Quite a lot of different hedge price range and different institutional buyers have additionally made adjustments to their positions in SLVM. Federated Hermes Inc. got a brand new stake in stocks of Sylvamo right through the primary quarter price about $25,000. Householder Workforce Property & Retirement Specialist LLC got a brand new stake in stocks of Sylvamo right through the primary quarter price about $26,000. Global Property Funding Control LLC got a brand new place in Sylvamo within the 1st quarter valued at about $29,000. Quadrant Capital Workforce LLC larger its place in Sylvamo by way of 308.3% within the 4th quarter. Quadrant Capital Workforce LLC now owns 837 stocks of the corporate’s inventory valued at $41,000 after obtaining an extra 632 stocks right through the length. In spite of everything, Tower Analysis Capital LLC TRC larger its place in Sylvamo by way of 389.9% within the 1st quarter. Tower Analysis Capital LLC TRC now owns 975 stocks of the corporate’s inventory valued at $45,000 after obtaining an extra 776 stocks right through the length. Institutional buyers and hedge price range personal 89.05% of the corporate’s inventory.

Analyst Upgrades and Downgrades

A number of equities analysts lately issued studies at the corporate. Financial institution of The united states upgraded Sylvamo from a “impartial” ranking to a “purchase” ranking and boosted their payment goal for the corporate from $52.00 to $61.00 in a analysis document on Monday, July tenth. Royal Financial institution of Canada reduce Sylvamo from an “outperform” ranking to a “sector carry out” ranking and dropped their payment goal for the corporate from $55.00 to $44.00 in a analysis document on Thursday, August tenth.

Take a look at Out Our Newest Inventory Document on Sylvamo

Sylvamo Inventory Efficiency

Stocks of SLVM inventory opened at $43.41 on Thursday. Sylvamo Co. has a 52-week low of $33.53 and a 52-week excessive of $57.38. The inventory’s 50-day shifting reasonable payment is $42.95 and its 200 day shifting reasonable payment is $43.37. The inventory has a marketplace capitalization of $1.82 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.24 and a beta of one.10. The corporate has a handy guide a rough ratio of one.01, a present ratio of one.74 and a debt-to-equity ratio of one.11.

Sylvamo (NYSE:SLVM – Get Unfastened Document) remaining introduced its quarterly revenue knowledge on Wednesday, August ninth. The corporate reported $1.14 revenue according to proportion for the quarter, beating analysts’ consensus estimates of $0.97 by way of $0.17. The corporate had income of $919.00 million for the quarter, in comparison to analyst estimates of $950.84 million. Sylvamo had a go back on fairness of 55.02% and a web margin of seven.87%. The company’s income for the quarter was once up .8% in comparison to the similar quarter remaining yr. All over the similar quarter within the earlier yr, the corporate earned $2.02 EPS. As a bunch, equities analysis analysts forecast that Sylvamo Co. will put up 5.95 EPS for the present yr.

Sylvamo Will increase Dividend

The corporate additionally lately declared a quarterly dividend, which might be paid on Tuesday, October seventeenth. Stockholders of file on Tuesday, October third might be paid a dividend of $0.30 according to proportion. It is a sure trade from Sylvamo’s earlier quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, October second. This represents a $1.20 annualized dividend and a dividend yield of two.76%. Sylvamo’s payout ratio is 14.71%.

Sylvamo Corporate Profile

(Unfastened Document)

Sylvamo Company produces and markets uncoated freesheet, cutsize, offset paper, and pulp in Latin The united states, Europe, and North The united states. The corporate operates thru Europe, Latin The united states, and North The united states segments. The Europe phase provides replica, tinted, and coloured laser printing paper beneath REY Adagio and Professional-Design manufacturers; and high-speed inkjet printing papers beneath the logo Jetstar; in addition to produces uncoated freesheet papers.

Beneficial Tales

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