SBI Securities Co. Ltd. Invests $162,000 in International Paper (NYSE:IP)

SBI Securities Co. Ltd. acquired a new position in shares of International Paper (NYSE:IP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,004 shares of the basic materials company’s stock, valued at approximately $162,000.

Other large investors also recently modified their holdings of the company. Pacer Advisors Inc. boosted its stake in shares of International Paper by 28.7% during the 4th quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company’s stock worth $1,794,000 after buying an additional 7,424 shares during the last quarter. Lord Abbett & CO. LLC acquired a new stake in International Paper in the 3rd quarter valued at about $24,327,000. Aptus Capital Advisors LLC lifted its stake in International Paper by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 785 shares during the last quarter. Wedmont Private Capital acquired a new stake in International Paper in the 4th quarter valued at about $376,000. Finally, Curi RMB Capital LLC acquired a new stake in International Paper in the 3rd quarter valued at about $4,870,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IP shares. Citigroup started coverage on shares of International Paper in a research note on Wednesday. They issued a “buy” rating and a $60.00 target price for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. Bank of America started coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating for the company. Truist Financial reiterated a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, International Paper presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.86.

International Paper Trading Down 1.4 %

Shares of IP stock opened at $51.79 on Friday. The firm has a 50 day moving average price of $55.53 and a two-hundred day moving average price of $53.19. 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 company has a market capitalization of $27.25 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36.

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

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.4625 per share. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.57%. International Paper’s dividend payout ratio is presently 117.83%.

International Paper Profile

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.