UniSuper Management Pty Ltd Buys 5,207 Shares of International Paper (NYSE:IP)

UniSuper Management Pty Ltd raised its holdings in shares of International Paper (NYSE:IP - Free Report) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,547 shares of the basic materials company's stock after acquiring an additional 5,207 shares during the quarter. UniSuper Management Pty Ltd's holdings in International Paper were worth $2,344,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in International Paper by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 41,195,085 shares of the basic materials company's stock valued at $2,217,119,000 after acquiring an additional 340,383 shares during the last quarter. Geode Capital Management LLC boosted its position in International Paper by 1.2% during the third quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company's stock worth $407,463,000 after purchasing an additional 99,720 shares during the period. Point72 Asset Management L.P. grew its holdings in International Paper by 511.1% during the third quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company's stock valued at $145,106,000 after purchasing an additional 2,484,386 shares during the last quarter. Artemis Investment Management LLP raised its position in shares of International Paper by 147.2% in the fourth quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company's stock valued at $108,706,000 after purchasing an additional 1,202,632 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of International Paper by 2.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,999,719 shares of the basic materials company's stock worth $97,686,000 after buying an additional 42,151 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IP shares. Citigroup began coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price objective on the stock. Royal Bank of Canada restated an "outperform" rating and issued a $64.00 price target on shares of International Paper in a research report on Wednesday, March 26th. Bank of America assumed coverage on shares of International Paper in a research report on Thursday, February 13th. They set a "neutral" rating for the company. Truist Financial reissued a "buy" rating and set a $64.00 target price (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. started coverage on International Paper in a research report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, International Paper currently has an average rating of "Moderate Buy" and a consensus price target of $55.32.

International Paper Trading Down 11.5 %

IP stock traded down $6.25 during trading on Thursday, hitting $48.21. The company had a trading volume of 2,678,426 shares, compared to its average volume of 9,392,354. The firm has a 50-day moving average price of $54.62 and a 200-day moving average price of $53.84. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock has a market cap of $25.36 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. As a group, analysts predict that International Paper will post 2.77 earnings per share for the current 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 paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.84%. The ex-dividend date of this dividend was Monday, February 24th. International Paper's dividend payout ratio (DPR) is presently 117.83%.

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.