Richwood Investment Advisors LLC Has $381,000 Stock Position in International Paper (NYSE:IP)

Richwood Investment Advisors LLC lowered its holdings in shares of International Paper (NYSE:IP) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,087 shares of the basic materials company’s stock after selling 400 shares during the period. Richwood Investment Advisors LLC’s holdings in International Paper were worth $381,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. First Horizon Advisors Inc. raised its stake in shares of International Paper by 5.7% during the third quarter. First Horizon Advisors Inc. now owns 3,282 shares of the basic materials company’s stock valued at $160,000 after acquiring an additional 177 shares during the last quarter. SPC Financial Inc. raised its stake in shares of International Paper by 1.4% during the fourth quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company’s stock valued at $759,000 after acquiring an additional 200 shares during the last quarter. AlphaMark Advisors LLC raised its stake in shares of International Paper by 5.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company’s stock valued at $205,000 after acquiring an additional 204 shares during the last quarter. Inspire Advisors LLC raised its stake in shares of International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company’s stock valued at $665,000 after acquiring an additional 204 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of International Paper by 14.7% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company’s stock valued at $86,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Down 1.9 %

Shares of NYSE IP opened at $51.29 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The company has a 50-day moving average price of $54.96 and a 200-day moving average price of $53.46. The stock has a market capitalization of $26.99 billion, a P/E ratio of 32.67, a P/E/G ratio of 0.39 and a beta of 1.02. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36.

International Paper (NYSE:IP) last posted its 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 return on equity of 4.75% and a net margin of 2.99%. On average, equities research analysts forecast that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Monday, February 24th. International Paper’s payout ratio is presently 117.83%.

Wall Street Analyst Weigh In

IP has been the subject of several analyst reports. StockNews.com raised shares of International Paper from a “hold” rating to a “buy” rating in a research note on Thursday. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. JPMorgan Chase & Co. began coverage on shares of International Paper in a research note on Thursday. They set an “overweight” rating and a $59.00 target price for the company. Finally, Truist Financial reissued a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $55.32.

International Paper Company 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.