Sylvamo Co. (NYSE:SLVM) Shares Sold by Maryland State Retirement & Pension System

Posted by Defense World Staff on Jul 8th, 2023

Maryland State Retirement & Pension System decreased its holdings in shares of Sylvamo Co. (NYSE:SLVM – Free Report) by 6.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,866 shares of the company’s stock after selling 817 shares during the period. Maryland State Retirement & Pension System’s holdings in Sylvamo were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLVM. Teacher Retirement System of Texas lifted its position in shares of Sylvamo by 40.3% in the fourth quarter. Teacher Retirement System of Texas now owns 71,089 shares of the company’s stock valued at $3,454,000 after acquiring an additional 20,413 shares in the last quarter. Diversified Trust Co acquired a new stake in Sylvamo during the 4th quarter worth $264,000. Weiss Asset Management LP purchased a new stake in shares of Sylvamo during the third quarter worth $526,000. Jacobs Levy Equity Management Inc. raised its position in shares of Sylvamo by 247.0% in the third quarter. Jacobs Levy Equity Management Inc. now owns 361,912 shares of the company’s stock valued at $12,269,000 after buying an additional 257,625 shares during the last quarter. Finally, Denali Advisors LLC purchased a new position in shares of Sylvamo in the fourth quarter worth about $1,361,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Sylvamo Stock Up 3.5 %

Shares of NYSE SLVM opened at $40.85 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.97 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $42.00 and a 200 day moving average of $45.41. Sylvamo Co. has a 12-month low of $29.08 and a 12-month high of $57.38. The stock has a market cap of $1.74 billion, a PE ratio of 9.43, a P/E/G ratio of 0.13 and a beta of 0.99.

Sylvamo (NYSE:SLVM – Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $2.51 EPS for the quarter, beating the consensus estimate of $2.36 by $0.15. The firm had revenue of $959.00 million during the quarter. Sylvamo had a return on equity of 80.23% and a net margin of 5.02%. As a group, sell-side analysts predict that Sylvamo Co. will post 7.74 EPS for the current fiscal year.

Sylvamo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Investors of record on Thursday, July 6th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Wednesday, July 5th. Sylvamo’s dividend payout ratio is currently 23.09%.

Sylvamo Company Profile

(Free Report)

Sylvamo Corporation produces and markets uncoated freesheet, 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 high-speed inkjet printing papers under the brand Jetstar; as well as produces uncoated freesheet papers.

Sylvamo Co. (NYSE:SLVM) Shares Sold by Maryland State Retirement & Pension System

Sylvamo Stock Up 3.5 %

Sylvamo Announces Dividend

Sylvamo Company Profile

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