International Paper (NYSE:IP) Shares Purchased by Signaturefd LLC

Signaturefd LLC grew its holdings in shares of International Paper (NYSE:IP) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,277 shares of the basic materials company’s stock after purchasing an additional 243 shares during the period. Signaturefd LLC’s holdings in International Paper were worth $338,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Sierra Ocean LLC bought a new position in International Paper during the 4th quarter worth $26,000. Centricity Wealth Management LLC acquired a new position in shares of International Paper during the fourth quarter valued at $26,000. Brooklyn Investment Group bought a new position in shares of International Paper during the third quarter worth about $25,000. Picton Mahoney Asset Management increased its holdings in shares of International Paper by 67.0% in the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 215 shares during the period. Finally, Legacy Investment Solutions LLC bought a new stake in International Paper in the 3rd quarter valued at about $28,000. 81.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Citigroup started coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. StockNews.com raised International Paper from a “hold” rating to a “buy” rating in a report on Thursday. Bank of America assumed coverage on shares of International Paper in a report on Thursday, February 13th. They issued a “neutral” rating for the company. Finally, Truist Financial reissued 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. One analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.32.

International Paper Stock Performance

Shares of IP opened at $51.29 on Friday. 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 firm’s 50 day moving average is $54.96 and its 200-day moving average is $53.42. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36. The stock has a market capitalization of $26.99 billion, a P/E ratio of 32.67, a P/E/G ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last posted its quarterly 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%. Equities research analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio is 117.83%.

About International Paper

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.