International Paper (NYSE:IP) Stock Holdings Trimmed by Investors Research Corp

Investors Research Corp reduced its stake in shares of International Paper (NYSE:IP - Free Report) by 42.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,437 shares of the basic materials company's stock after selling 24,746 shares during the quarter. Investors Research Corp's holdings in International Paper were worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC raised its position in International Paper by 88.4% during the third quarter. FMR LLC now owns 17,839,237 shares of the basic materials company's stock worth $871,447,000 after acquiring an additional 8,370,273 shares during the last quarter. Geode Capital Management LLC lifted its stake in International Paper by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company's stock valued at $407,463,000 after buying an additional 99,720 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in International Paper by 125.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,235,846 shares of the basic materials company's stock valued at $206,921,000 after buying an additional 2,354,341 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in International Paper by 0.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,579,679 shares of the basic materials company's stock worth $174,867,000 after buying an additional 9,774 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of International Paper by 19.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,295,926 shares of the basic materials company's stock worth $161,006,000 after acquiring an additional 537,825 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Truist Financial reiterated a "buy" rating and set a $64.00 price objective (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 issued a $64.00 price objective on shares of International Paper in a research report on Friday, January 31st. Citigroup assumed 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 on the stock. BNP Paribas cut shares of International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th. Finally, Bank of America started coverage on 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 given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $54.86.

International Paper Trading Down 0.7 %

Shares of IP traded down $0.33 during trading hours on Thursday, hitting $50.30. The stock had a trading volume of 5,736,432 shares, compared to its average volume of 10,304,930. The company's fifty day simple moving average is $55.26 and its 200 day simple moving average is $53.30. International Paper has a 12-month low of $33.16 and a 12-month high of $60.36. 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 firm has a market cap of $26.46 billion, a P/E ratio of 32.04, a P/E/G ratio of 0.39 and a beta of 1.02.

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

International Paper Announces Dividend

The firm 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 dividend of $0.4625 per share. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.68%. International Paper's dividend payout ratio is presently 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.