International Paper (NYSE:IP) Shares Acquired by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd boosted its stake in International Paper (NYSE:IP) by 13.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,547 shares of the basic materials company’s stock after buying an additional 5,207 shares during the quarter. UniSuper Management Pty Ltd’s holdings in International Paper were worth $2,344,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in shares of International Paper in the third quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new stake in shares of International Paper during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new position in International Paper in the 4th quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in International Paper in the 3rd quarter valued at $28,000. Finally, Picton Mahoney Asset Management boosted its stake in International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 215 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Stock Performance

Shares of International Paper stock opened at $53.23 on Friday. The business’s fifty day simple moving average is $54.86 and its 200-day simple moving average is $53.71. 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 firm has a market cap of $28.01 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share 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%. Equities analysts forecast that International Paper will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.4625 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.48%. International Paper’s dividend payout ratio (DPR) is presently 117.83%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research report on Thursday, March 20th. They issued an “overweight” rating and a $59.00 target price for the company. Bank of America assumed coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. Truist Financial restated a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research report on Wednesday. Finally, Citigroup began coverage on International Paper in a report on Wednesday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.32.

International Paper Company 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.