B. Metzler seel. Sohn & Co. AG Trims Stake in International Paper (NYSE:IP)

B. Metzler seel. Sohn & Co. AG lessened its holdings in shares of International Paper (NYSE:IP - Free Report) by 89.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,774 shares of the basic materials company's stock after selling 105,185 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in International Paper were worth $687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IP. Sierra Ocean LLC acquired a new stake in International Paper during the fourth quarter valued at $26,000. Centricity Wealth Management LLC acquired a new stake in shares of International Paper during the 4th quarter valued at about $26,000. Legacy Investment Solutions LLC purchased a new position in shares of International Paper in the 3rd quarter valued at about $28,000. Picton Mahoney Asset Management raised its holdings in International Paper by 67.0% in 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, Versant Capital Management Inc boosted its position in International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock worth $32,000 after purchasing an additional 448 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Truist Financial reaffirmed a "buy" rating and set a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Wells Fargo & Company reduced their price objective on shares of International Paper from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday. 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 downgraded shares of International Paper from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.32.

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International Paper Price Performance

Shares of IP stock traded up $4.15 during trading hours on Wednesday, reaching $48.81. The company had a trading volume of 3,886,928 shares, compared to its average volume of 9,332,771. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36. The company has a market capitalization of $25.77 billion, a price-to-earnings ratio of 31.09, a PEG ratio of 0.39 and a beta of 0.99. 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 stock has a fifty day moving average of $53.38 and a 200-day moving average of $53.73.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate 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, equities analysts anticipate 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 was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.4625 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.79%. International Paper's payout ratio is 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.