Schroder Investment Management Group Acquires 257,752 Shares of International Paper (NYSE:IP)

Schroder Investment Management Group boosted its stake in International Paper (NYSE:IP - Free Report) by 588.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 301,538 shares of the basic materials company's stock after purchasing an additional 257,752 shares during the quarter. Schroder Investment Management Group owned about 0.09% of International Paper worth $16,178,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Townsquare Capital LLC acquired a new position in shares of International Paper in the 3rd quarter valued at $336,000. Hilltop Holdings Inc. lifted its holdings in International Paper by 91.1% during the third quarter. Hilltop Holdings Inc. now owns 11,167 shares of the basic materials company's stock worth $545,000 after acquiring an additional 5,324 shares in the last quarter. Janus Henderson Group PLC grew its stake in International Paper by 582.3% in the third quarter. Janus Henderson Group PLC now owns 200,573 shares of the basic materials company's stock valued at $9,799,000 after acquiring an additional 171,176 shares during the period. Investment Management Corp of Ontario increased its holdings in shares of International Paper by 50.7% in the third quarter. Investment Management Corp of Ontario now owns 11,004 shares of the basic materials company's stock worth $538,000 after acquiring an additional 3,700 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its position in shares of International Paper by 3.3% during the third quarter. Royal London Asset Management Ltd. now owns 281,980 shares of the basic materials company's stock worth $13,775,000 after purchasing an additional 8,914 shares during the period. Institutional investors and hedge funds own 81.95% of the company's stock.

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International Paper Stock Performance

Shares of NYSE:IP traded down $1.29 on Friday, hitting $47.89. The company had a trading volume of 8,125,261 shares, compared to its average volume of 9,480,998. The stock has a 50 day moving average price of $54.18 and a 200 day moving average price of $53.82. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market cap of $25.20 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 0.39 and a beta of 0.99. International Paper has a 1-year low of $33.16 and a 1-year high of $60.36.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. Analysts expect that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a yield of 3.86%. International Paper's dividend payout ratio (DPR) is presently 117.83%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on IP shares. Bank of America started coverage on International Paper in a research note on Thursday, February 13th. They set a "neutral" rating for the company. Royal Bank of Canada restated an "outperform" rating and set a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Truist Financial reiterated a "buy" rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a report on Friday, January 31st. StockNews.com cut International Paper from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Citigroup started coverage on shares of International Paper in a report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $55.32.

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.