First Command Advisory Services Inc. Takes $39,000 Position in International Paper (NYSE:IP)

First Command Advisory Services Inc. bought a new stake in shares of International Paper (NYSE:IPFree Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,093 shares of the basic materials company’s stock, valued at approximately $39,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its stake in shares of International Paper by 22.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 41,196 shares of the basic materials company’s stock valued at $1,310,000 after buying an additional 7,594 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in shares of International Paper by 8.3% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 48,080 shares of the basic materials company’s stock valued at $1,529,000 after purchasing an additional 3,665 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of International Paper by 6.7% during the 3rd quarter. Metis Global Partners LLC now owns 21,824 shares of the basic materials company’s stock valued at $774,000 after purchasing an additional 1,376 shares in the last quarter. SteelPeak Wealth LLC raised its holdings in shares of International Paper by 40.5% during the 3rd quarter. SteelPeak Wealth LLC now owns 20,935 shares of the basic materials company’s stock valued at $743,000 after purchasing an additional 6,033 shares in the last quarter. Finally, Donaldson Capital Management LLC raised its holdings in shares of International Paper by 17.0% during the 3rd quarter. Donaldson Capital Management LLC now owns 20,415 shares of the basic materials company’s stock valued at $724,000 after purchasing an additional 2,967 shares in the last quarter. Institutional investors and hedge funds own 80.78% of the company’s stock.

International Paper Stock Performance

NYSE IP opened at $32.97 on Tuesday. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19. The firm has a market capitalization of $11.41 billion, a price-to-earnings ratio of 40.21 and a beta of 0.99. The company’s fifty day moving average is $36.58 and its two-hundred day moving average is $35.13. International Paper has a 52-week low of $29.00 and a 52-week high of $41.20.

International Paper (NYSE:IPGet Free Report) last issued its earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.07. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The business had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period in the previous year, the business earned $0.87 EPS. The firm’s revenue was down 10.4% on a year-over-year basis. Equities research analysts forecast that International Paper will post 2.17 EPS for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 22nd will be given a dividend of $0.4625 per share. The ex-dividend date is Wednesday, February 21st. This represents a $1.85 annualized dividend and a dividend yield of 5.61%. International Paper’s dividend payout ratio (DPR) is currently 225.61%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $43.00 target price on shares of International Paper in a report on Friday. Truist Financial dropped their target price on shares of International Paper from $46.00 to $40.00 and set a “buy” rating on the stock in a report on Friday. StockNews.com downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. Jefferies Financial Group dropped their target price on shares of International Paper from $33.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, October 18th. Finally, Wells Fargo & Company dropped their target price on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, International Paper presently has a consensus rating of “Hold” and an average price target of $35.00.

Read Our Latest Research Report on International Paper

International Paper Company Profile

(Free Report)

International Paper Company produces renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through Industrial Packaging and Global Cellulose Fibers segment. The company's Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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

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