SIH Partners LLLP Makes New Investment in International Paper (NYSE:IP)

SIH Partners LLLP purchased a new stake in International Paper (NYSE:IP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 65,248 shares of the basic materials company's stock, valued at approximately $3,512,000.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in shares of International Paper during the fourth quarter worth $26,000. Centricity Wealth Management LLC bought a new position in International Paper in the 4th quarter worth approximately $26,000. 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 valued at $29,000 after acquiring an additional 215 shares in the last quarter. Versant Capital Management Inc lifted its position in International Paper by 313.3% in 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 during the period. Finally, Venturi Wealth Management LLC raised its position in International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock worth $33,000 after purchasing an additional 295 shares in the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IP. StockNews.com lowered International Paper from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Truist Financial dropped their price target on International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday. Bank of America initiated coverage on International Paper in a report on Thursday, February 13th. They set a "neutral" rating on the stock. JPMorgan Chase & Co. began coverage on shares of International Paper in a report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price objective on the stock. Finally, 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, International Paper has a consensus rating of "Moderate Buy" and a consensus price target of $54.77.

International Paper Price Performance

Shares of NYSE:IP traded up $0.92 during midday trading on Thursday, hitting $47.67. The stock had a trading volume of 2,200,143 shares, compared to its average volume of 8,617,651. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $25.16 billion, a P/E ratio of 30.36, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. The company's 50-day moving average price is $51.17 and its 200-day moving average price is $53.53. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36.

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 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%. As a group, equities research analysts predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.88%. International Paper's payout ratio is currently 117.83%.

About International Paper

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.