International Paper (NYSE:IP) Stock Holdings Lessened by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC cut its stake in shares of International Paper (NYSE:IP) by 7.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,222 shares of the basic materials company’s stock after selling 1,439 shares during the period. Pinion Investment Advisors LLC’s holdings in International Paper were worth $1,035,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. abrdn plc lifted its stake in International Paper by 20.7% in the third quarter. abrdn plc now owns 81,156 shares of the basic materials company’s stock valued at $3,970,000 after acquiring an additional 13,898 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of International Paper by 22.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 9,280 shares of the basic materials company’s stock valued at $453,000 after purchasing an additional 1,687 shares in the last quarter. US Bancorp DE lifted its stake in shares of International Paper by 0.5% in the 3rd quarter. US Bancorp DE now owns 89,137 shares of the basic materials company’s stock valued at $4,354,000 after purchasing an additional 436 shares during the last quarter. Stephens Inc. AR boosted its holdings in International Paper by 0.7% in the third quarter. Stephens Inc. AR now owns 46,282 shares of the basic materials company’s stock worth $2,261,000 after purchasing an additional 333 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its position in International Paper by 101.9% during the third quarter. Farther Finance Advisors LLC now owns 6,857 shares of the basic materials company’s stock worth $335,000 after buying an additional 3,461 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IP has been the subject of a number of recent analyst reports. Bank of America started coverage on International Paper in a research report on Thursday, February 13th. They set a “neutral” rating for the company. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target for the company. in a report on Wednesday, November 13th. Truist Financial restated a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $64.00 price target 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 issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, International Paper has an average rating of “Moderate Buy” and a consensus target price of $51.88.

International Paper Price Performance

Shares of IP stock opened at $55.28 on Tuesday. The firm has a market cap of $29.08 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 0.39 and a beta of 1.02. International Paper has a one year low of $33.16 and a one year high of $60.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The stock’s fifty day simple moving average is $55.73 and its 200 day simple moving average is $53.18.

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%. On average, analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.4625 per share. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.35%. International Paper’s dividend payout ratio (DPR) is 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.