Sylvamo Corporation $SLVM Holdings Raised by William Blair Investment Management LLC

William Blair Investment Management LLC lifted its position in shares of Sylvamo Corporation (NYSE:SLVM) by 27.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 776,124 shares of the company’s stock after buying an additional 167,038 shares during the quarter. William Blair Investment Management LLC owned approximately 1.95% of Sylvamo worth $25,364,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp lifted its stake in Sylvamo by 5.2% in the second quarter. State Street Corp now owns 1,389,749 shares of the company’s stock worth $52,533,000 after acquiring an additional 69,299 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Sylvamo by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,362,474 shares of the company’s stock worth $57,547,000 after purchasing an additional 72,177 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Sylvamo by 15.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 506,147 shares of the company’s stock worth $19,132,000 after purchasing an additional 69,195 shares during the period. Rokos Capital Management LLP bought a new position in shares of Sylvamo during the first quarter valued at approximately $10,802,000. Finally, Bank of America Corp DE boosted its stake in shares of Sylvamo by 81.6% during the first quarter. Bank of America Corp DE now owns 224,199 shares of the company’s stock valued at $9,470,000 after purchasing an additional 100,746 shares in the last quarter. Hedge funds and other institutional investors own 91.16% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on SLVM. Zacks Research raised shares of Sylvamo from a “strong sell” rating to a “hold” rating in a research note on Monday, October 12th. Truist Financial reissued a “buy” rating and issued a $47.00 price target (up from $40.00) on shares of Sylvamo in a research report on Monday, November 9th. Wall Street Zen upgraded Sylvamo from a “sell” rating to a “hold” rating in a research note on Sunday, August 2nd. Wells Fargo & Company initiated coverage on Sylvamo in a research report on Wednesday, September 16th. They set an “overweight” rating and a $47.00 price objective on the stock. Finally, Royal Bank Of Canada lifted their target price on Sylvamo from $35.00 to $37.00 and gave the company a “sector perform” rating in a research note on Monday, November 9th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Sylvamo has an average rating of “Hold” and a consensus target price of $43.25.

Sylvamo Stock Performance

Shares of SLVM stock remained flat at $38.57 during trading hours on Friday. The stock had a trading volume of 295,972 shares, compared to its average volume of 380,596. Sylvamo Corporation has a 1-year low of $30.40 and a 1-year high of $56.80. The business’s fifty day moving average price is $34.28 and its 200 day moving average price is $39.46. The company has a current ratio of 1.29, a quick ratio of 0.95 and a debt-to-equity ratio of 1.16. The stock has a market cap of $1.53 billion, a P/E ratio of -8.55, a price-to-earnings-growth ratio of 0.85 and a beta of 0.87.

Sylvamo (NYSE:SLVM) last announced its earnings results on Friday, November 6th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.20. Sylvamo had a positive return on equity of 8.36% and a negative net margin of 5.81%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $817.79 million. During the same period in the prior year, the company posted $1.44 EPS. The firm’s quarterly revenue was down 23.8% compared to the same quarter last year. Equities analysts anticipate that Sylvamo Corporation will post 2.75 EPS for the current year.

Sylvamo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 16th. Stockholders of record on Friday, October 2nd were issued a dividend of $0.45 per share. The ex-dividend date was Friday, October 2nd. This represents a $1.80 annualized dividend and a dividend yield of 4.7%. Sylvamo’s dividend payout ratio is -39.91%.

Sylvamo Company Profile

Sylvamo Corporation is a global paper company that produces uncoated freesheet paper for a range of uses, including office and home printing, commercial printing, and publishing. Its products include copy and office papers, as well as specialty papers and market pulp. The company serves customers in North America, Latin America, and Europe. Its operations include manufacturing facilities in the United States, Brazil, and Europe, with products sold under various regional and consumer paper brands.