J. W. Coons Advisors LLC Makes New Investment in International Paper (NYSE:IP)

J. W. Coons Advisors LLC bought a new position in International Paper (NYSE:IPFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,750 shares of the basic materials company’s stock, valued at approximately $202,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IP. Sequoia Financial Advisors LLC lifted its position in shares of International Paper by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 6,149 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 579 shares in the last quarter. Private Advisor Group LLC lifted its position in International Paper by 11.0% in the 3rd quarter. Private Advisor Group LLC now owns 44,725 shares of the basic materials company’s stock worth $2,185,000 after buying an additional 4,420 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of International Paper by 4,735.0% during the 3rd quarter. International Assets Investment Management LLC now owns 418,133 shares of the basic materials company’s stock valued at $20,426,000 after buying an additional 409,485 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of International Paper by 14.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 17,831 shares of the basic materials company’s stock valued at $871,000 after acquiring an additional 2,218 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new position in shares of International Paper in the third quarter worth $224,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Get Our Latest Stock Report on IP

International Paper Stock Down 0.4 %

Shares of IP stock opened at $55.33 on Tuesday. The stock’s 50 day simple moving average is $55.58 and its 200 day simple moving average is $52.81. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The company has a market capitalization of $19.22 billion, a price-to-earnings ratio of 35.24, a PEG ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IPGet Free Report) last announced its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. As a group, research analysts predict that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Monday, February 24th. International Paper’s dividend payout ratio is 117.83%.

Insiders Place Their Bets

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $58.39, for a total value of $35,034.00. Following the transaction, the director now directly owns 37,145 shares of the company’s stock, valued at $2,168,896.55. The trade was a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.55% of the company’s stock.

International Paper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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