WINTON GROUP Ltd Cuts Stock Holdings in Sylvamo Corporation $SLVM

WINTON GROUP Ltd lowered its stake in shares of Sylvamo Corporation (NYSE:SLVM) by 37.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 40,864 shares of the company’s stock after selling 24,657 shares during the period. WINTON GROUP Ltd’s holdings in Sylvamo were worth $1,968,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Nomura Holdings Inc. raised its stake in Sylvamo by 34.1% during the third quarter. Nomura Holdings Inc. now owns 2,150,000 shares of the company’s stock worth $95,073,000 after purchasing an additional 546,336 shares during the period. American Century Companies Inc. raised its stake in Sylvamo by 7.2% during the third quarter. American Century Companies Inc. now owns 1,290,957 shares of the company’s stock worth $57,086,000 after purchasing an additional 87,095 shares during the period. Wasatch Advisors LP raised its stake in Sylvamo by 12.5% during the third quarter. Wasatch Advisors LP now owns 941,999 shares of the company’s stock worth $41,655,000 after purchasing an additional 104,778 shares during the period. William Blair Investment Management LLC purchased a new position in Sylvamo during the fourth quarter worth approximately $33,777,000. Finally, Bank of New York Mellon Corp raised its stake in Sylvamo by 34.3% during the fourth quarter. Bank of New York Mellon Corp now owns 470,850 shares of the company’s stock worth $22,671,000 after purchasing an additional 120,229 shares during the period. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

SLVM has been the topic of a number of recent analyst reports. Weiss Ratings downgraded shares of Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Truist Financial initiated coverage on shares of Sylvamo in a research note on Monday, March 30th. They set a “buy” rating and a $54.00 price target on the stock. Zacks Research raised shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research note 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 on the stock in a research note on Monday, May 11th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sylvamo has a consensus rating of “Hold” and an average price target of $54.00.

Sylvamo Stock Performance

Shares of SLVM stock opened at $38.58 on Monday. The company’s fifty day simple moving average is $40.85 and its 200-day simple moving average is $45.32. Sylvamo Corporation has a 52 week low of $35.53 and a 52 week high of $56.80. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. The company has a market cap of $1.53 billion, a PE ratio of 15.25, a P/E/G ratio of 0.59 and a beta of 0.86.

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

Sylvamo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 28th. Investors of record on Tuesday, July 7th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This represents a $1.80 annualized dividend and a yield of 4.7%. Sylvamo’s payout ratio is 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.