12,200 Shares in Sylvamo Co. (NYSE:SLVM) Acquired by Skandinaviska Enskilda Banken AB publ

Posted by on May 14th, 2023

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Sylvamo Co. (NYSE:SLVM – Get Rating) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,200 shares of the company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas grew its position in Sylvamo by 721.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 50,676 shares of the company’s stock worth $1,718,000 after acquiring an additional 44,504 shares during the last quarter. Diversified Trust Co purchased a new stake in Sylvamo in the 4th quarter worth approximately $264,000. Weiss Asset Management LP purchased a new stake in Sylvamo in the 3rd quarter worth approximately $526,000. Federated Hermes Inc. lifted its holdings in Sylvamo by 16,050.7% in the 3rd quarter. Federated Hermes Inc. now owns 116,285 shares of the company’s stock worth $3,942,000 after buying an additional 115,565 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Sylvamo by 247.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 361,912 shares of the company’s stock worth $12,269,000 after buying an additional 257,625 shares during the period. 85.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Thomas A. Cleves bought 4,976 shares of the stock in a transaction dated Thursday, March 9th. The stock was bought at an average price of $50.37 per share, for a total transaction of $250,641.12. Following the purchase, the senior vice president now directly owns 52,755 shares in the company, valued at approximately $2,657,269.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO John V. Sims sold 12,842 shares of the firm’s stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of $47.81, for a total transaction of $613,976.02. Following the completion of the transaction, the chief financial officer now owns 68,481 shares of the company’s stock, valued at approximately $3,274,076.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Thomas A. Cleves acquired 4,976 shares of Sylvamo stock in a transaction that occurred on Thursday, March 9th. The shares were bought at an average cost of $50.37 per share, with a total value of $250,641.12. Following the transaction, the senior vice president now owns 52,755 shares in the company, valued at $2,657,269.35. The disclosure for this purchase can be found here. 0.33% of the stock is currently owned by company insiders.

Sylvamo Trading Up 0.2 %

NYSE SLVM opened at $42.48 on Friday. Sylvamo Co. has a fifty-two week low of $28.37 and a fifty-two week high of $57.38. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.21 and a current ratio of 1.71. The stock has a 50 day simple moving average of $45.72 and a two-hundred day simple moving average of $47.84. The stock has a market cap of $1.81 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.12 and a beta of 1.09.

Sylvamo (NYSE:SLVM – Get Rating) last released its quarterly earnings data on Tuesday, May 9th. The company reported $2.51 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.15. The business had revenue of $959.00 million during the quarter. Sylvamo had a return on equity of 98.94% and a net margin of 3.12%. On average, analysts forecast that Sylvamo Co. will post 9.05 earnings per share for the current year.

Sylvamo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 27th. Stockholders of record on Thursday, April 6th were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date was Wednesday, April 5th. Sylvamo’s payout ratio is presently 23.09%.

Sylvamo Company Profile

(Get Rating)

Sylvamo Corporation produces and supplies printing paper in Latin America, Europe, and North America. The company offers uncoated freesheet for paper products, such as cutsize and offset paper; and markets pulp, aseptic, and liquid packaging board, as well as coated unbleached kraft papers. It also produces hardwood pulp, including bleached hardwood kraft and bleached eucalyptus kraft; bleached softwood kraft; and bleached chemi-thermomechanical pulp.

Further Reading

Institutional Ownership by Quarter for Sylvamo (NYSE:SLVM)

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