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

IFP Advisors Inc lifted its holdings in International Paper (NYSE:IP) by 46.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 8,949 shares of the basic materials company’s stock after buying an additional 2,859 shares during the quarter. IFP Advisors Inc’s holdings in International Paper were worth $485,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. J. W. Coons Advisors LLC bought a new stake in International Paper in the 4th quarter valued at about $202,000. Y Intercept Hong Kong Ltd bought a new stake in International Paper in the 4th quarter valued at about $2,047,000. Fjarde AP Fonden Fourth Swedish National Pension Fund bought a new stake in International Paper in the 4th quarter valued at about $619,000. Wealthspire Advisors LLC lifted its position in International Paper by 13.7% in the 4th quarter. Wealthspire Advisors LLC now owns 15,166 shares of the basic materials company’s stock valued at $816,000 after purchasing an additional 1,833 shares during the last quarter. Finally, Fisher Funds Management LTD bought a new stake in International Paper in the 4th quarter valued at about $5,298,000. 81.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IP. 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a research report on Friday, January 31st. Truist Financial restated a “buy” rating and set a $64.00 price target (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. Finally, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, International Paper currently has an average rating of “Moderate Buy” and an average price target of $51.88.

International Paper Stock Performance

Shares of IP opened at $56.34 on Friday. The firm’s 50 day moving average is $55.71 and its 200-day moving average is $53.01. The stock has a market capitalization of $19.57 billion, a P/E ratio of 35.89, a P/E/G ratio of 0.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. 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 quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (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%. Equities research analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.28%. International Paper’s dividend payout ratio is currently 117.83%.

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.