International Paper (NYSE:IP) Shares Purchased by Amundi

Amundi raised its holdings in International Paper (NYSE:IP - Free Report) by 28.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,355,926 shares of the basic materials company's stock after purchasing an additional 302,440 shares during the period. Amundi owned about 0.39% of International Paper worth $74,142,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of International Paper by 28.7% during the 4th quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company's stock valued at $1,794,000 after acquiring an additional 7,424 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of International Paper during the 3rd quarter valued at approximately $24,327,000. Aptus Capital Advisors LLC raised its position in shares of International Paper by 15.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company's stock valued at $292,000 after acquiring an additional 785 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of International Paper during the 4th quarter valued at approximately $376,000. Finally, Curi RMB Capital LLC acquired a new stake in shares of International Paper during the 3rd quarter valued at approximately $4,870,000. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Price Performance

IP stock opened at $49.36 on Wednesday. The firm's 50-day moving average price is $55.33 and its two-hundred day moving average price is $53.32. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36. The stock has a market capitalization of $25.97 billion, a price-to-earnings ratio of 31.44, a PEG ratio of 0.39 and a beta of 1.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

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International Paper (NYSE:IP - Get Free Report) last announced 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 net margin of 2.99% and a return on equity of 4.75%. As a group, equities analysts predict that International Paper will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.75%. International Paper's dividend payout ratio is presently 117.83%.

Analyst Ratings Changes

IP has been the subject of several research analyst reports. Citigroup initiated coverage on International Paper in a report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price objective for the company. Truist Financial reissued 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. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 target price on the stock. in a report on Wednesday, November 13th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Friday, January 31st. Finally, Bank of America initiated coverage on International Paper in a research note on Thursday, February 13th. They issued a "neutral" rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $54.86.

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.

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