Swiss National Bank Lowers Stock Position in International Paper (NYSE:IP)

Swiss National Bank lessened its holdings in International Paper (NYSE:IP - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 932,300 shares of the basic materials company's stock after selling 46,700 shares during the period. Swiss National Bank owned about 0.27% of International Paper worth $50,176,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Sequoia Financial Advisors LLC lifted its position in shares of International Paper by 42.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,763 shares of the basic materials company's stock worth $472,000 after purchasing an additional 2,614 shares during the period. Inspire Advisors LLC lifted its position 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 valued at $665,000 after acquiring an additional 204 shares during the last quarter. Ranch Capital Advisors Inc. lifted its position in International Paper by 1.8% during the fourth quarter. Ranch Capital Advisors Inc. now owns 39,082 shares of the basic materials company's stock valued at $2,103,000 after acquiring an additional 684 shares during the last quarter. Independent Advisor Alliance lifted its position in International Paper by 10.2% during the fourth quarter. Independent Advisor Alliance now owns 26,367 shares of the basic materials company's stock valued at $1,419,000 after acquiring an additional 2,451 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in International Paper by 8.1% during the fourth quarter. Daiwa Securities Group Inc. now owns 44,281 shares of the basic materials company's stock valued at $2,383,000 after acquiring an additional 3,334 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently commented on IP. Truist Financial reissued a "buy" rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and set a $64.00 target price on shares of International Paper in a research report on Friday, January 31st. Citigroup began coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a "buy" rating and a $60.00 target price for the company. Finally, Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They set a "neutral" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $54.86.

International Paper Stock Performance

International Paper stock traded up $0.68 during mid-day trading on Tuesday, reaching $52.26. 1,859,274 shares of the company traded hands, compared to its average volume of 9,914,229. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 33.29, 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 firm's fifty day moving average is $55.14 and its two-hundred day moving average is $53.39. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data 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%. On average, equities research analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed 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 3.54%. International Paper's payout ratio is currently 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.