180 Wealth Advisors LLC Grows Stock Position in International Paper (NYSE:IP)

180 Wealth Advisors LLC boosted its position in International Paper (NYSE:IP) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,845 shares of the basic materials company’s stock after purchasing an additional 318 shares during the quarter. 180 Wealth Advisors LLC’s holdings in International Paper were worth $306,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. increased its holdings in shares of International Paper by 61.5% in the fourth quarter. Franklin Resources Inc. now owns 13,030,839 shares of the basic materials company’s stock valued at $471,065,000 after purchasing an additional 4,960,005 shares during the last quarter. Greenhaven Associates Inc. increased its stake in shares of International Paper by 0.3% in the 4th quarter. Greenhaven Associates Inc. now owns 9,835,395 shares of the basic materials company’s stock worth $355,550,000 after acquiring an additional 25,640 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of International Paper by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,847,682 shares of the basic materials company’s stock worth $319,844,000 after acquiring an additional 35,930 shares during the period. AQR Capital Management LLC boosted its position in shares of International Paper by 35.6% during the 3rd quarter. AQR Capital Management LLC now owns 2,961,232 shares of the basic materials company’s stock valued at $105,035,000 after acquiring an additional 777,273 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of International Paper in the fourth quarter valued at about $94,913,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on IP. Wells Fargo & Company lifted their target price on shares of International Paper from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 30th. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Truist Financial reiterated a “buy” rating and issued a $52.00 price objective on shares of International Paper in a research report on Thursday. Jefferies Financial Group upgraded International Paper from a “hold” rating to a “buy” rating and lifted their target price for the company from $38.00 to $57.00 in a research report on Thursday, May 23rd. Finally, Bank of America upgraded International Paper from an “underperform” rating to a “buy” rating and increased their price target for the stock from $37.00 to $42.00 in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.71.

Insiders Place Their Bets

In related news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $45.11, for a total value of $27,066.00. Following the sale, the director now owns 43,402 shares of the company’s stock, valued at $1,957,864.22. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 3,600 shares of company stock worth $144,744 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.

International Paper Trading Down 0.2 %

NYSE IP traded down $0.07 on Friday, reaching $43.18. The stock had a trading volume of 5,001,465 shares, compared to its average volume of 5,733,958. The company has a quick ratio of 1.22, a current ratio of 1.68 and a debt-to-equity ratio of 0.66. The stock has a fifty day moving average price of $41.44 and a two-hundred day moving average price of $38.30. International Paper has a 12-month low of $30.78 and a 12-month high of $47.40. The firm has a market capitalization of $15.00 billion, a price-to-earnings ratio of 87.53 and a beta of 1.06.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). International Paper had a net margin of 0.93% and a return on equity of 7.45%. The firm had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same quarter in the prior year, the firm posted $0.53 EPS. International Paper’s quarterly revenue was down 8.0% compared to the same quarter last year. As a group, sell-side analysts forecast that International Paper will post 1.85 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 24th. Shareholders of record on Friday, May 24th were given a $0.4625 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.85 annualized dividend and a yield of 4.28%. International Paper’s dividend payout ratio is presently 377.55%.

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.