Foster & Motley Inc. Makes New Investment in Sylvamo Corporation $SLVM

Foster & Motley Inc. acquired a new stake in shares of Sylvamo Corporation (NYSE:SLVM) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,954 shares of the company’s stock, valued at approximately $565,000.

Other hedge funds have also added to or reduced their stakes in the company. Royce & Associates LP lifted its stake in Sylvamo by 8.6% during the 4th quarter. Royce & Associates LP now owns 464,401 shares of the company’s stock valued at $22,361,000 after acquiring an additional 36,685 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sylvamo by 9.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 645,135 shares of the company’s stock valued at $31,063,000 after purchasing an additional 56,393 shares in the last quarter. Bleakley Financial Group LLC grew its stake in shares of Sylvamo by 297.9% during the 4th quarter. Bleakley Financial Group LLC now owns 40,421 shares of the company’s stock valued at $1,946,000 after acquiring an additional 30,263 shares during the period. UBS Group AG increased its stake in Sylvamo by 172.0% in the 4th quarter. UBS Group AG now owns 338,414 shares of the company’s stock worth $16,295,000 after buying an additional 214,016 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Sylvamo by 84,243.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 128,202 shares of the company’s stock worth $6,173,000 after purchasing an additional 128,050 shares during the period. 91.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Sylvamo in a research report on Friday, August 7th. Wall Street Zen upgraded Sylvamo from a “sell” rating to a “hold” rating in a report on Sunday, August 2nd. Royal Bank Of Canada lowered their price target 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 reiterated a “buy” rating and issued a $49.00 target price (down from $51.00) on shares of Sylvamo in a research note on Monday, August 10th. Finally, Zacks Research lowered Sylvamo from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $46.67.

Sylvamo Trading Up 0.4%

Shares of NYSE:SLVM opened at $37.08 on Thursday. The business has a 50 day moving average of $38.73 and a two-hundred day moving average of $41.48. Sylvamo Corporation has a 12-month low of $35.53 and a 12-month high of $56.80. The company has a market capitalization of $1.47 billion, a PE ratio of 19.72, a PEG ratio of 1.33 and a beta of 0.87. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 0.88.

Sylvamo (NYSE:SLVM) last released its quarterly earnings data on Friday, August 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $806.00 million during the quarter, compared to analysts’ expectations of $811.25 million. Sylvamo had a net margin of 2.31% and a return on equity of 8.36%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 earnings per share. As a group, analysts forecast that Sylvamo Corporation will post 1.53 EPS for the current year.

Insider Buying and Selling

In related news, Director Lizanne M. Bruce sold 1,230 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $41.70, for a total value of $51,291.00. Following the completion of the sale, the director owned 14,475 shares of the company’s stock, valued at approximately $603,607.50. The trade was a 7.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.81% 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.