Schweitzer-Mauduit International, Inc. (SWM) Position Reduced by Citigroup Inc.
Citigroup Inc. cut its stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,841 shares of the company’s stock after selling 1,830 shares during the period. Citigroup Inc. owned 0.12% of Schweitzer-Mauduit International worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in SWM. Cooke & Bieler LP grew its position in Schweitzer-Mauduit International by 19.3% during the 2nd quarter. Cooke & Bieler LP now owns 1,330,939 shares of the company’s stock worth $49,551,000 after purchasing an additional 214,915 shares during the last quarter. Thrivent Financial For Lutherans raised its holdings in shares of Schweitzer-Mauduit International by 281.9% in the second quarter. Thrivent Financial For Lutherans now owns 127,600 shares of the company’s stock worth $4,750,000 after buying an additional 94,190 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Schweitzer-Mauduit International by 14.4% in the second quarter. Advisors Asset Management Inc. now owns 718,630 shares of the company’s stock worth $26,755,000 after buying an additional 90,509 shares during the last quarter. GSA Capital Partners LLP raised its holdings in shares of Schweitzer-Mauduit International by 621.5% in the second quarter. GSA Capital Partners LLP now owns 83,410 shares of the company’s stock worth $3,105,000 after buying an additional 71,850 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Schweitzer-Mauduit International by 7.8% in the second quarter. Wells Fargo & Company MN now owns 951,648 shares of the company’s stock worth $35,430,000 after buying an additional 68,762 shares during the last quarter. 85.79% of the stock is currently owned by institutional investors.
Separately, DA Davidson initiated coverage on shares of Schweitzer-Mauduit International in a research note on Tuesday, September 26th. They set a “buy” rating and a $47.00 price objective for the company.
In related news, Director Jeffrey Keenan bought 10,000 shares of the stock in a transaction dated Tuesday, August 8th. The stock was acquired at an average price of $38.64 per share, for a total transaction of $386,400.00. Following the acquisition, the director now owns 25,000 shares in the company, valued at approximately $966,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.84% of the stock is currently owned by insiders.
Schweitzer-Mauduit International, Inc. (SWM) opened at 41.99 on Tuesday. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 18.02 and a beta of 1.22. The company has a 50-day moving average price of $38.84 and a 200-day moving average price of $39.21. Schweitzer-Mauduit International, Inc. has a 52 week low of $35.31 and a 52 week high of $47.01.
Schweitzer-Mauduit International (NYSE:SWM) last announced its quarterly earnings results on Wednesday, August 2nd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.08. Schweitzer-Mauduit International had a net margin of 8.00% and a return on equity of 18.00%. The company had revenue of $255.30 million for the quarter, compared to analyst estimates of $243.50 million. During the same period in the prior year, the firm posted $0.93 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. Equities research analysts anticipate that Schweitzer-Mauduit International, Inc. will post $3.15 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, August 25th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $1.68 annualized dividend and a dividend yield of 4.00%. Schweitzer-Mauduit International’s dividend payout ratio is presently 72.10%.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc (SWM) is a diversified producer of engineered solutions and materials for a variety of industries. The Company has two operating product line segments: Engineered Papers, and Advanced Materials and Structures. As of December 31, 2016, the Company conducted business in over 90 countries and operate 18 production locations across the world, with facilities in the United States, Canada, the United Kingdom, France, Luxembourg, Russia, Brazil, China and Poland.
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