LGT Capital Partners LTD. Sells 15,000 Shares of Sylvamo Co. (NYSE:SLVM)

LGT Capital Partners LTD. lowered its stake in shares of Sylvamo Co. (NYSE:SLVM) by 14.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 90,000 shares of the company’s stock after selling 15,000 shares during the quarter. LGT Capital Partners LTD. owned about 0.22% of Sylvamo worth $4,420,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in shares of Sylvamo by 41.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,017 shares of the company’s stock worth $45,000 after buying an additional 298 shares during the period. Advisor Group Holdings Inc. grew its holdings in Sylvamo by 6.2% during the fourth quarter. Advisor Group Holdings Inc. now owns 5,205 shares of the company’s stock valued at $252,000 after purchasing an additional 306 shares during the period. MetLife Investment Management LLC increased its position in shares of Sylvamo by 1.7% in the 2nd quarter. MetLife Investment Management LLC now owns 19,312 shares of the company’s stock valued at $781,000 after buying an additional 332 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Sylvamo by 2.3% during the second quarter. The Manufacturers Life Insurance Company now owns 14,717 shares of the company’s stock worth $595,000 after purchasing an additional 336 shares during the period. Finally, Quarry LP increased its holdings in Sylvamo by 80.0% during the 2nd quarter. Quarry LP now owns 830 shares of the company’s stock worth $34,000 after purchasing an additional 369 shares in the last quarter. 91.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Sylvamo news, CEO Jeanmichel Ribieras sold 12,225 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $57.20, for a total value of $699,270.00. Following the completion of the transaction, the chief executive officer now owns 132,276 shares in the company, valued at $7,566,187.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Jeanmichel Ribieras sold 12,225 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $57.20, for a total value of $699,270.00. Following the completion of the sale, the chief executive officer now directly owns 132,276 shares of the company’s stock, valued at $7,566,187.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Peggy Maes sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $63.20, for a total value of $94,800.00. Following the sale, the senior vice president now directly owns 11,249 shares in the company, valued at approximately $710,936.80. The disclosure for this sale can be found here. Insiders sold 26,951 shares of company stock worth $1,618,664 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Sylvamo Price Performance

Shares of NYSE:SLVM opened at $61.76 on Friday. The company has a market capitalization of $2.55 billion, a PE ratio of 10.43, a PEG ratio of 0.36 and a beta of 1.11. Sylvamo Co. has a 1-year low of $37.59 and a 1-year high of $64.32. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.72 and a quick ratio of 1.14. The business has a fifty day moving average price of $54.88 and a 200-day moving average price of $49.27.

Sylvamo (NYSE:SLVM) last issued its earnings results on Thursday, February 15th. The company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.34. The firm had revenue of $964.00 million for the quarter, compared to analysts’ expectations of $903.72 million. Sylvamo had a return on equity of 32.81% and a net margin of 6.77%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.97 earnings per share. As a group, equities analysts expect that Sylvamo Co. will post 5.75 EPS for the current fiscal year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Monday, April 8th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, April 5th. This represents a $1.20 annualized dividend and a yield of 1.94%. Sylvamo’s dividend payout ratio (DPR) is 20.27%.

Analyst Ratings Changes

SLVM has been the topic of several recent research reports. TheStreet raised shares of Sylvamo from a “c+” rating to a “b” rating in a report on Wednesday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and set a $55.00 price target (up from $45.00) on shares of Sylvamo in a report on Monday, February 26th.

About Sylvamo

Sylvamo Corporation produces and markets uncoated freesheet for cutsize, offset paper, and pulp in Latin America, Europe, and North America. The company operates through Europe, Latin America, and North America segments. The Europe segment offers copy, tinted, and colored laser printing paper under REY Adagio and Pro-Design brands; and graphic and high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.