Great West Life Assurance Co. Can Reduces Stake in Schweitzer-Mauduit International, Inc. (NYSE:SWM)
Great West Life Assurance Co. Can cut its holdings in shares of Schweitzer-Mauduit International, Inc. (NYSE:SWM) by 5.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,296 shares of the company’s stock after selling 2,254 shares during the period. Great West Life Assurance Co. Can owned 0.13% of Schweitzer-Mauduit International worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in SWM. Quantbot Technologies LP acquired a new stake in Schweitzer-Mauduit International during the 1st quarter worth approximately $163,000. Amalgamated Bank acquired a new stake in Schweitzer-Mauduit International during the 2nd quarter worth approximately $200,000. Financial Gravity Wealth Inc. acquired a new stake in Schweitzer-Mauduit International during the 1st quarter worth approximately $205,000. Wedge Capital Management L L P NC acquired a new stake in Schweitzer-Mauduit International during the 2nd quarter worth approximately $209,000. Finally, SG Americas Securities LLC raised its holdings in Schweitzer-Mauduit International by 73.6% during the 1st quarter. SG Americas Securities LLC now owns 5,994 shares of the company’s stock worth $235,000 after buying an additional 2,542 shares during the period. Institutional investors own 88.65% of the company’s stock.
Shares of SWM traded down $0.71 during mid-day trading on Friday, hitting $33.37. 233,087 shares of the company’s stock were exchanged, compared to its average volume of 152,178. Schweitzer-Mauduit International, Inc. has a 52 week low of $33.09 and a 52 week high of $48.06. The company has a quick ratio of 1.86, a current ratio of 2.98 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $1.18 billion, a P/E ratio of 10.49, a P/E/G ratio of 5.67 and a beta of 1.32.
The company also recently announced a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, August 24th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, August 23rd. This represents a $1.72 annualized dividend and a dividend yield of 5.15%. Schweitzer-Mauduit International’s dividend payout ratio is presently 54.09%.
Several equities analysts have recently weighed in on SWM shares. Zacks Investment Research cut shares of Schweitzer-Mauduit International from a “hold” rating to a “sell” rating in a research note on Thursday, August 9th. Sidoti set a $56.00 price target on shares of Schweitzer-Mauduit International and gave the stock a “buy” rating in a research note on Friday, September 14th.
Schweitzer-Mauduit International Company Profile
Schweitzer-Mauduit International, Inc, together with its subsidiaries, provides engineered solutions and advanced materials for various industries worldwide. The company operates through two segments, Engineered Papers and Advanced Materials & Structures. The Engineered Papers segment produces and sells cigarette papers, reconstituted tobacco leaf, and wrapper and binder products to cigarette and cigar manufacturers; and other non-tobacco paper products.
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