Yoffe Investment Management LLC Buys Shares of 7,020 International Paper (NYSE:IP)

Yoffe Investment Management LLC bought a new position in International Paper (NYSE:IP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,020 shares of the basic materials company's stock, valued at approximately $378,000.

A number of other large investors have also added to or reduced their stakes in IP. SPC Financial Inc. increased its holdings in shares of International Paper by 1.4% in the fourth quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock worth $759,000 after purchasing an additional 200 shares during the last quarter. AlphaMark Advisors LLC increased its stake in International Paper by 5.7% in the 4th quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock worth $205,000 after acquiring an additional 204 shares during the last quarter. Inspire Advisors LLC raised its holdings in shares of International Paper by 1.7% during the 4th quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after acquiring an additional 204 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock worth $86,000 after acquiring an additional 205 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of International Paper by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock valued at $820,000 after purchasing an additional 212 shares in the last quarter. Institutional investors own 81.95% of the company's stock.

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International Paper Trading Down 2.0 %

Shares of NYSE:IP traded down $0.89 on Wednesday, hitting $43.77. 1,432,765 shares of the company's stock were exchanged, compared to its average volume of 9,303,986. The business's 50 day simple moving average is $53.38 and its two-hundred day simple moving average is $53.73. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The stock has a market capitalization of $23.11 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36.

International Paper (NYSE:IP - Get Free Report) last issued its 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%. Analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The company also recently disclosed 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 annualized dividend and a yield of 4.23%. International Paper's payout ratio is currently 117.83%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IP shares. Wells Fargo & Company lowered 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. Truist Financial reissued a "buy" rating and set a $64.00 price objective (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Bank of America initiated coverage on International Paper in a research note on Thursday, February 13th. They issued a "neutral" rating for the company. 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 Wednesday, March 26th. Finally, JPMorgan Chase & Co. began coverage on International Paper in a research report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price target for the company. One equities research 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. According to MarketBeat.com, International Paper has a consensus rating of "Moderate Buy" and an average target price of $55.32.

International Paper Company 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.