Envision Financial Planning LLC Makes New $897,000 Investment in International Paper (NYSE:IP)

Envision Financial Planning LLC purchased a new stake in shares of International Paper (NYSE:IP) during the fourth quarter, Holdings Channel.com reports. The firm purchased 16,660 shares of the basic materials company’s stock, valued at approximately $897,000. International Paper comprises 0.5% of Envision Financial Planning LLC’s portfolio, making the stock its 26th biggest holding.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of International Paper by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 41,195,085 shares of the basic materials company’s stock valued at $2,217,119,000 after purchasing an additional 340,383 shares during the period. FMR LLC increased its stake in International Paper by 48.9% in the 4th quarter. FMR LLC now owns 26,559,812 shares of the basic materials company’s stock valued at $1,429,449,000 after buying an additional 8,720,575 shares during the period. Geode Capital Management LLC increased its stake in International Paper by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 8,393,217 shares of the basic materials company’s stock valued at $450,586,000 after buying an additional 24,816 shares during the period. Massachusetts Financial Services Co. MA lifted its position in International Paper by 2.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,370,685 shares of the basic materials company’s stock worth $181,410,000 after buying an additional 74,759 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of International Paper during the 4th quarter valued at $109,201,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company cut their price objective on International Paper from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Citigroup initiated coverage on International Paper in a report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price target for the company. Bank of America assumed coverage on International Paper in a report on Thursday, February 13th. They issued a “neutral” rating on the stock. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Friday, March 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of International Paper in a report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and an average target price of $55.32.

International Paper Stock Performance

NYSE:IP opened at $46.86 on Friday. The firm has a market capitalization of $24.74 billion, a PE ratio of 29.85, a PEG ratio of 0.39 and a beta of 0.99. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The firm’s fifty day simple moving average is $52.76 and its 200 day simple moving average is $53.68.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. On average, sell-side analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.95%. International Paper’s dividend payout ratio (DPR) is presently 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.