Natixis Advisors LLC Boosts Stake in International Paper (NYSE:IP)

Natixis Advisors LLC lifted its position in International Paper (NYSE:IP) by 27.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 296,540 shares of the basic materials company’s stock after buying an additional 64,398 shares during the quarter. Natixis Advisors LLC owned approximately 0.09% of International Paper worth $15,960,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of IP. FMR LLC raised its holdings in shares of International Paper by 88.4% in the 3rd quarter. FMR LLC now owns 17,839,237 shares of the basic materials company’s stock valued at $871,447,000 after buying an additional 8,370,273 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of International Paper by 511.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company’s stock valued at $145,106,000 after buying an additional 2,484,386 shares during the period. Artemis Investment Management LLP grew its stake in International Paper by 147.2% during the 4th quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company’s stock worth $108,706,000 after purchasing an additional 1,202,632 shares in the last quarter. Hill City Capital LP grew its stake in International Paper by 287.5% during the 3rd quarter. Hill City Capital LP now owns 1,550,000 shares of the basic materials company’s stock worth $75,718,000 after purchasing an additional 1,150,000 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in International Paper by 19.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,295,926 shares of the basic materials company’s stock worth $161,006,000 after purchasing an additional 537,825 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Trading Up 0.7 %

NYSE:IP opened at $51.93 on Wednesday. International Paper has a 1 year low of $33.16 and a 1 year 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 stock has a market cap of $27.32 billion, a P/E ratio of 33.08, a P/E/G ratio of 0.39 and a beta of 1.02. The stock has a 50-day simple moving average of $55.11 and a 200-day simple moving average of $53.41.

International Paper (NYSE:IP) last posted its 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%. As a group, analysts anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend was Monday, February 24th. International Paper’s payout ratio is currently 117.83%.

Analysts Set New Price Targets

Several research analysts recently commented on IP shares. Truist Financial reissued a “buy” rating and set a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. 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 reissued an “outperform” rating and set a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. Finally, Citigroup started coverage on International Paper in a research note on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper has an average rating of “Moderate Buy” and an average target price of $54.86.

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.