SVB Wealth LLC Makes New $223,000 Investment in International Paper (NYSE:IP)

SVB Wealth LLC acquired a new stake in International Paper (NYSE:IP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 4,151 shares of the basic materials company’s stock, valued at approximately $223,000.

Several other institutional investors have also modified their holdings of the company. Brooklyn Investment Group acquired a new stake in shares of International Paper during the 3rd quarter worth about $25,000. Sierra Ocean LLC purchased a new position in shares of International Paper in the 4th quarter valued at $26,000. Centricity Wealth Management LLC acquired a new stake in International Paper during the 4th quarter worth $26,000. Ashton Thomas Securities LLC purchased a new stake in International Paper in the third quarter valued at $28,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of International Paper during the third quarter worth about $28,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Trading Up 2.7 %

Shares of International Paper stock opened at $52.71 on Thursday. 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 $27.73 billion, a price-to-earnings ratio of 33.57, 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. The company’s 50-day simple moving average is $55.60 and its 200-day simple moving average is $53.20.

International Paper (NYSE:IP) last released its earnings results 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%. As a group, equities research analysts anticipate that International Paper will post 2.77 earnings per share for the current 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 issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s dividend payout ratio (DPR) is currently 117.83%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BNP Paribas cut International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research report on Wednesday, November 13th. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a report on Friday, January 31st. Citigroup started coverage on shares of International Paper in a report on Wednesday. They issued a “buy” rating and a $60.00 target price on the stock. Truist Financial reiterated a “buy” rating and set a $64.00 price target (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Bank of America started coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. One 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $54.86.

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.