International Paper (NYSE:IP) Shares Bought by Independent Advisor Alliance

Independent Advisor Alliance grew its position in International Paper (NYSE:IP) by 10.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 26,367 shares of the basic materials company’s stock after purchasing an additional 2,451 shares during the period. Independent Advisor Alliance’s holdings in International Paper were worth $1,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in International Paper in the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new position in International Paper during the fourth quarter worth $26,000. Brooklyn Investment Group acquired a new position in shares of International Paper in the third quarter worth $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of International Paper in the third quarter valued at $28,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of International Paper during the third quarter valued at $28,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Price Performance

International Paper stock opened at $51.44 on Friday. 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 cap of $27.06 billion, a price-to-earnings ratio of 32.76, a PEG 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. The firm has a 50 day moving average price of $55.18 and a 200 day moving average price of $53.30.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (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%. Sell-side analysts predict that International Paper will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.4625 per share. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.60%. International Paper’s dividend payout ratio is presently 117.83%.

Analyst Ratings Changes

Several research analysts recently weighed in on IP shares. Citigroup assumed coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Bank of America assumed coverage on shares of International Paper in a research report on Thursday, February 13th. They issued a “neutral” rating for the company. Royal Bank of Canada reissued an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research note on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and a consensus target price of $54.86.

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.