International Paper Company $IP Stock Holdings Raised by Capital International Investors

by · The Markets Daily

Capital International Investors raised its stake in International Paper Company (NYSE:IPFree Report) by 29.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 63,413,335 shares of the basic materials company’s stock after purchasing an additional 14,422,616 shares during the period. Capital International Investors owned 0.12% of International Paper worth $2,498,013,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. MCF Advisors LLC increased its position in shares of International Paper by 36.7% in the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 229 shares during the last quarter. Rothschild Investment LLC increased its position in shares of International Paper by 4.2% in the 4th quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock worth $236,000 after purchasing an additional 242 shares during the last quarter. International Private Wealth Advisors LLC increased its position in shares of International Paper by 4.1% in the 4th quarter. International Private Wealth Advisors LLC now owns 6,175 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 243 shares during the last quarter. Independent Advisor Alliance increased its position in shares of International Paper by 3.3% in the 4th quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 244 shares during the last quarter. Finally, Horizon Investments LLC increased its position in shares of International Paper by 3.3% in the 4th quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock worth $333,000 after purchasing an additional 267 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.

Insider Transactions at International Paper

In other news, Director Anders Gustafsson acquired 13,217 shares of the stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $37.83 per share, with a total value of $499,999.11. Following the completion of the purchase, the director directly owned 26,092 shares of the company’s stock, valued at $987,060.36. This represents a 102.66% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Tozier purchased 10,000 shares of the business’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the acquisition, the director directly owned 10,025 shares in the company, valued at approximately $313,782.50. This represents a 40,000.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders bought 36,092 shares of company stock valued at $1,313,064. 0.21% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BNP Paribas Exane lowered their price objective on shares of International Paper from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Wednesday, March 25th. UBS Group cut their price target on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Stifel Nicolaus dropped their price objective on shares of International Paper from $51.80 to $50.70 and set a “buy” rating on the stock in a research note on Monday, February 9th. Wells Fargo & Company raised shares of International Paper from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $39.00 in a research report on Monday, May 4th. Finally, Seaport Research Partners raised shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $43.73.

Get Our Latest Stock Analysis on IP

International Paper Stock Down 0.7%

Shares of NYSE IP opened at $33.66 on Friday. The firm has a market capitalization of $17.82 billion, a PE ratio of -5.29 and a beta of 0.96. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. International Paper Company has a 1 year low of $29.26 and a 1 year high of $56.13. The firm’s 50-day moving average is $33.76 and its 200-day moving average is $38.37.

International Paper (NYSE:IPGet Free Report) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same period in the previous year, the business earned $0.17 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that International Paper Company will post 1.38 EPS for the current year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 22nd will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Friday, May 22nd. International Paper’s payout ratio is -29.09%.

About International Paper

(Free Report)

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.

See Also

Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IPFree Report).