Vise Technologies Inc. Buys Shares of 8,534 Sylvamo Corporation $SLVM

Vise Technologies Inc. bought a new stake in Sylvamo Corporation (NYSE:SLVM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 8,534 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds have also recently added to or reduced their stakes in SLVM. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Sylvamo in the 1st quarter valued at $61,000. Blue Trust Inc. lifted its stake in Sylvamo by 54.0% in the 2nd quarter. Blue Trust Inc. now owns 1,209 shares of the company’s stock worth $61,000 after purchasing an additional 424 shares in the last quarter. RHS Financial LLC raised its holdings in shares of Sylvamo by 14.6% during the 2nd quarter. RHS Financial LLC now owns 4,691 shares of the company’s stock worth $235,000 after acquiring an additional 596 shares during the period. LMG Wealth Partners LLC acquired a new stake in shares of Sylvamo during the 2nd quarter worth approximately $260,000. Finally, Savant Capital LLC acquired a new position in shares of Sylvamo in the 2nd quarter valued at $260,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SLVM. Royal Bank Of Canada upped their target price on shares of Sylvamo from $47.00 to $49.00 and gave the stock a “sector perform” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Sylvamo in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of Sylvamo to a “strong sell” rating in a report on Monday, August 11th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sylvamo has an average rating of “Reduce” and a consensus price target of $56.50.

Sylvamo Stock Performance

Shares of NYSE SLVM opened at $44.92 on Friday. The company has a market cap of $1.77 billion, a PE ratio of 10.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.52 and a quick ratio of 0.85. Sylvamo Corporation has a 12 month low of $37.51 and a 12 month high of $96.42. The company has a 50-day simple moving average of $43.22 and a 200-day simple moving average of $48.01.

Sylvamo (NYSE:SLVM) last announced its quarterly earnings data on Friday, November 7th. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($0.13). Sylvamo had a net margin of 5.25% and a return on equity of 19.72%. The business had revenue of $846.00 million during the quarter, compared to analysts’ expectations of $840.32 million. During the same period in the prior year, the firm earned $2.44 EPS. Sylvamo’s revenue for the quarter was down 12.3% on a year-over-year basis. On average, equities analysts anticipate that Sylvamo Corporation will post 7.45 earnings per share for the current year.

Sylvamo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 3rd were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date was Friday, October 3rd. Sylvamo’s payout ratio is presently 41.19%.

Sylvamo Company Profile

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.