JPMorgan Chase & Co. Has $4.47 Million Stake in Sylvamo Corporation $SLVM

JPMorgan Chase & Co. reduced its position in Sylvamo Corporation (NYSE:SLVM) by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,091 shares of the company’s stock after selling 12,413 shares during the quarter. JPMorgan Chase & Co.’s holdings in Sylvamo were worth $4,470,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SLVM. Mirabella Financial Services LLP raised its stake in shares of Sylvamo by 89.4% in the 3rd quarter. Mirabella Financial Services LLP now owns 38,351 shares of the company’s stock valued at $1,693,000 after buying an additional 18,097 shares in the last quarter. CIBC Bancorp USA Inc. acquired a new stake in shares of Sylvamo during the 3rd quarter valued at about $4,363,000. Advisory Services Network LLC acquired a new stake in shares of Sylvamo during the 3rd quarter valued at about $38,000. Wasatch Advisors LP increased its stake in Sylvamo by 12.5% in the third quarter. Wasatch Advisors LP now owns 941,999 shares of the company’s stock valued at $41,655,000 after acquiring an additional 104,778 shares during the period. Finally, Verity Asset Management Inc. acquired a new position in Sylvamo in the third quarter worth about $211,000. Institutional investors and hedge funds own 91.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on SLVM shares. Royal Bank Of Canada restated a “sector perform” rating and set a $53.00 price target on shares of Sylvamo in a research note on Thursday, December 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sylvamo in a research note on Wednesday, January 21st. Finally, Truist Financial initiated coverage on Sylvamo in a report on Monday. They issued a “buy” rating and a $54.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $55.33.

Sylvamo Stock Performance

Shares of Sylvamo stock opened at $42.64 on Friday. 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 50 day simple moving average of $45.85 and a 200 day simple moving average of $46.04. Sylvamo Corporation has a fifty-two week low of $37.09 and a fifty-two week high of $66.13. The firm has a market cap of $1.68 billion, a P/E ratio of 13.08, a P/E/G ratio of 0.49 and a beta of 0.99.

Sylvamo (NYSE:SLVM) last posted its quarterly earnings data on Thursday, February 12th. The company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.03. The firm had revenue of $890.00 million for the quarter, compared to the consensus estimate of $858.76 million. Sylvamo had a return on equity of 15.12% and a net margin of 3.94%.The business’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.96 EPS. Sell-side analysts predict that Sylvamo Corporation will post 7.45 earnings per share for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 28th. Stockholders of record on Tuesday, April 7th will be paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, April 7th. Sylvamo’s dividend payout ratio is 55.21%.

Insider Transactions at Sylvamo

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

Sylvamo Company Profile

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.