Mirabella Financial Services LLP Has $1.69 Million Position in Sylvamo Corporation $SLVM

Mirabella Financial Services LLP raised its position in Sylvamo Corporation (NYSE:SLVM) by 89.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,351 shares of the company’s stock after purchasing an additional 18,097 shares during the quarter. Mirabella Financial Services LLP owned 0.10% of Sylvamo worth $1,693,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in shares of Sylvamo by 328.3% in the third quarter. Versant Capital Management Inc now owns 681 shares of the company’s stock valued at $30,000 after buying an additional 522 shares during the period. Advisory Services Network LLC acquired a new stake in Sylvamo during the 3rd quarter worth approximately $38,000. EverSource Wealth Advisors LLC boosted its position in Sylvamo by 185.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 982 shares of the company’s stock worth $49,000 after buying an additional 638 shares during the period. Hantz Financial Services Inc. grew its holdings in Sylvamo by 1,959.6% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,174 shares of the company’s stock worth $52,000 after acquiring an additional 1,117 shares during the last quarter. Finally, Optiver Holding B.V. bought a new stake in Sylvamo during the 3rd quarter worth approximately $84,000. 91.16% of the stock is owned by institutional investors and hedge funds.

Sylvamo Price Performance

Sylvamo stock opened at $38.90 on Friday. The stock’s 50 day moving average is $48.02 and its 200 day moving average is $46.31. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.50 and a quick ratio of 0.92. The firm has a market cap of $1.54 billion, a P/E ratio of 11.93, a P/E/G ratio of 0.46 and a beta of 0.96. Sylvamo Corporation has a one year low of $37.51 and a one year high of $68.76.

Sylvamo (NYSE:SLVM) last released its earnings results on Thursday, February 12th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. Sylvamo had a net margin of 3.94% and a return on equity of 15.12%. The business had revenue of $890.00 million during the quarter, compared to the consensus estimate of $858.76 million. During the same quarter in the prior year, the firm posted $1.96 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. As a group, research analysts expect that Sylvamo Corporation will post 7.45 EPS for the current year.

Sylvamo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be given a dividend of $0.45 per share. The ex-dividend date is Tuesday, April 7th. This represents a $1.80 annualized dividend and a dividend yield of 4.6%. Sylvamo’s dividend payout ratio is 55.21%.

Insider Buying and Selling at Sylvamo

In related news, SVP Rodrigo Davoli sold 3,250 shares of Sylvamo stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $46.46, for a total transaction of $150,995.00. Following the completion of the transaction, the senior vice president owned 46,484 shares of the company’s stock, valued at $2,159,646.64. This trade represents a 6.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.74% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SLVM has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $53.00 price objective on shares of Sylvamo in a research note on Thursday, December 18th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Sylvamo currently has a consensus rating of “Hold” and a consensus price target of $56.00.

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.