Sylvamo (NYSE:SLVM) Downgraded to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Sylvamo (NYSE:SLVM) from a hold rating to a sell rating in a report issued on Saturday morning.

Other research analysts also recently issued research reports about the stock. Zacks Research downgraded shares of Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. Royal Bank Of Canada cut their price objective on shares of Sylvamo from $49.00 to $46.00 and set a “sector perform” rating for the company in a research report on Friday, July 17th. Truist Financial reduced their target price on shares of Sylvamo from $54.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Bank of America reissued a “neutral” rating and set a $45.00 target price on shares of Sylvamo in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered Sylvamo from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $47.33.

Sylvamo Trading Up 2.1%

Shares of Sylvamo stock opened at $38.27 on Friday. The company’s fifty day simple moving average is $38.77 and its 200-day simple moving average is $43.03. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 0.85 and a beta of 0.87. The company has a current ratio of 1.45, a quick ratio of 0.81 and a debt-to-equity ratio of 0.78. Sylvamo has a 1 year low of $35.53 and a 1 year high of $56.80.

Sylvamo (NYSE:SLVM) last released its earnings results on Friday, May 8th. The company reported ($0.53) EPS for the quarter, missing the consensus estimate of ($0.25) by ($0.28). The company had revenue of $755.00 million for the quarter, compared to analyst estimates of $740.85 million. Sylvamo had a net margin of 3.11% and a return on equity of 9.79%. Sylvamo’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.68 earnings per share. As a group, sell-side analysts expect that Sylvamo will post 2.2 EPS for the current year.

Sylvamo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Tuesday, July 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Tuesday, July 7th. Sylvamo’s dividend payout ratio (DPR) is presently 71.15%.

Insider Buying and Selling at Sylvamo

In related news, Director Lizanne M. Bruce sold 1,230 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the sale, the director owned 14,475 shares of the company’s stock, valued at $603,607.50. The trade was a 7.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.81% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its stake in shares of Sylvamo by 8.4% in the 2nd quarter. Exchange Traded Concepts LLC now owns 6,697 shares of the company’s stock valued at $253,000 after purchasing an additional 519 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Sylvamo by 6.1% during the 2nd quarter. Wedge Capital Management L L P NC now owns 40,355 shares of the company’s stock worth $1,525,000 after buying an additional 2,335 shares during the period. Versant Capital Management Inc lifted its position in shares of Sylvamo by 378.3% during the 2nd quarter. Versant Capital Management Inc now owns 2,645 shares of the company’s stock worth $100,000 after buying an additional 2,092 shares during the period. Empowered Funds LLC boosted its stake in Sylvamo by 3.8% in the 1st quarter. Empowered Funds LLC now owns 152,602 shares of the company’s stock valued at $6,446,000 after buying an additional 5,599 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Sylvamo by 81.6% in the 1st quarter. Bank of America Corp DE now owns 224,199 shares of the company’s stock valued at $9,470,000 after buying an additional 100,746 shares in the last quarter. Institutional investors own 91.16% of the company’s stock.

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.