International Paper (NYSE:IP) Stock Holdings Lifted by IFP Advisors Inc

IFP Advisors Inc lifted its position in International Paper (NYSE:IP) by 46.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,949 shares of the basic materials company’s stock after acquiring an additional 2,859 shares during the period. IFP Advisors Inc’s holdings in International Paper were worth $485,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. J. W. Coons Advisors LLC purchased a new position in shares of International Paper in the fourth quarter worth approximately $202,000. Y Intercept Hong Kong Ltd purchased a new position in shares of International Paper in the fourth quarter worth approximately $2,047,000. Fjarde AP Fonden Fourth Swedish National Pension Fund purchased a new position in shares of International Paper in the fourth quarter worth approximately $619,000. Wealthspire Advisors LLC increased its position in shares of International Paper by 13.7% in the fourth quarter. Wealthspire Advisors LLC now owns 15,166 shares of the basic materials company’s stock worth $816,000 after acquiring an additional 1,833 shares in the last quarter. Finally, Fisher Funds Management LTD purchased a new position in shares of International Paper in the fourth quarter worth approximately $5,298,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Price Performance

NYSE IP opened at $56.34 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $19.57 billion, a PE ratio of 35.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. The company has a 50 day moving average price of $55.71 and a two-hundred day moving average price of $53.01. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36.

International Paper (NYSE:IP) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. As a group, equities analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s dividend payout ratio (DPR) is presently 117.83%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on IP shares. Truist Financial reissued a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. Bank of America began coverage on shares of International Paper in a research report on Thursday, February 13th. They set a “neutral” rating on the stock. BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective on the stock. in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.88.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.