Envision Financial Planning LLC Makes New Investment in International Paper (NYSE:IP)

Envision Financial Planning LLC bought a new position in International Paper (NYSE:IP - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 16,660 shares of the basic materials company's stock, valued at approximately $897,000. International Paper comprises approximately 0.5% of Envision Financial Planning LLC's portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of IP. SPC Financial Inc. increased its position in shares of International Paper by 1.4% during the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock worth $759,000 after purchasing an additional 200 shares during the last quarter. AlphaMark Advisors LLC increased its holdings in International Paper by 5.7% in the 4th quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock valued at $205,000 after purchasing an additional 204 shares during the last quarter. Inspire Advisors LLC lifted its stake in International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after purchasing an additional 204 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of International Paper by 14.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock valued at $86,000 after buying an additional 205 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its stake in International Paper by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock worth $820,000 after acquiring an additional 212 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on IP shares. Truist Financial reissued a "buy" rating and set a $64.00 price target (down previously from $65.00) on shares of International Paper in a research report on Friday, January 31st. JPMorgan Chase & Co. assumed coverage on International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 price objective on the stock. Wells Fargo & Company decreased their price objective on International Paper from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Finally, Bank of America began coverage on International Paper in a report on Thursday, February 13th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $55.32.

International Paper Price Performance

IP stock traded up $0.02 during midday trading on Friday, hitting $46.32. 3,511,121 shares of the stock were exchanged, compared to its average volume of 8,946,266. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. The stock has a market cap of $24.45 billion, a price-to-earnings ratio of 29.50, a PEG ratio of 0.39 and a beta of 0.99. The stock's 50-day moving average price is $52.09 and its 200-day moving average price is $53.59. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49.

International Paper (NYSE:IP - Get Free Report) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share 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%. Research analysts predict that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Monday, February 24th. International Paper's dividend payout ratio is presently 117.83%.

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.