International Paper (NYSE:IP) Holdings Raised by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in International Paper (NYSE:IP - Free Report) by 0.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 41,195,085 shares of the basic materials company's stock after purchasing an additional 340,383 shares during the quarter. Vanguard Group Inc. owned about 11.86% of International Paper worth $2,217,119,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of IP. Sierra Ocean LLC acquired a new position in shares of International Paper in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new position in International Paper in the 4th quarter valued at $26,000. Brooklyn Investment Group purchased a new position in shares of International Paper during the 3rd quarter worth $25,000. Picton Mahoney Asset Management lifted its stake in shares of International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after purchasing an additional 215 shares during the period. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of International Paper during the third quarter worth $28,000. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Stock Up 0.4 %

International Paper stock traded up $0.19 during midday trading on Monday, hitting $53.40. 4,930,459 shares of the company were exchanged, compared to its average volume of 9,703,253. The company has a market cap of $28.10 billion, a PE ratio of 34.01, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. The company's fifty day moving average price is $54.79 and its 200-day moving average price is $53.80. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

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

International Paper Announces Dividend

The business 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. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.46%. International Paper's dividend payout ratio (DPR) is presently 117.83%.

Wall Street Analyst Weigh In

IP has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an "outperform" rating and set a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Truist Financial reiterated a "buy" rating and set a $64.00 price objective (down from $65.00) on shares of International Paper in a report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 target price on the stock. StockNews.com lowered shares of International Paper from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Bank of America initiated coverage on shares of International Paper in a report on Thursday, February 13th. They issued a "neutral" rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Paper has a consensus rating of "Moderate Buy" and an average price target 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.