Inceptionr LLC Grows Position in International Paper Company $IP

Inceptionr LLC boosted its holdings in shares of International Paper Company (NYSE:IP) by 797.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,416 shares of the basic materials company’s stock after acquiring an additional 43,022 shares during the period. Inceptionr LLC’s holdings in International Paper were worth $1,728,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. McIlrath & Eck LLC lifted its position in shares of International Paper by 452.6% in the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 525 shares during the period. MV Capital Management Inc. purchased a new position in International Paper during the fourth quarter valued at approximately $25,000. Ascentis Independent Advisors purchased a new position in International Paper during the first quarter valued at approximately $28,000. DV Equities LLC bought a new position in International Paper in the fourth quarter worth approximately $29,000. Finally, Sound Income Strategies LLC raised its stake in International Paper by 94.0% in the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock worth $31,000 after buying an additional 344 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IP shares. Zacks Research raised International Paper from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. UBS Group reduced their price target on International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Truist Financial upped their price objective on International Paper from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. lifted their target price on International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, May 1st. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $44.31.

Insider Activity at International Paper

In related news, Director Scott Tozier bought 10,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the purchase, the director directly owned 10,025 shares of the company’s stock, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by insiders.

International Paper Stock Down 0.4%

Shares of IP stock opened at $37.95 on Friday. The stock’s fifty day moving average price is $35.44 and its 200 day moving average price is $37.96. International Paper Company has a 1-year low of $29.26 and a 1-year high of $56.13. The company has a market cap of $20.10 billion, a price-to-earnings ratio of -5.97 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.94.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.17 earnings per share. On average, research analysts expect that International Paper Company will post 1.39 earnings per share for the current fiscal year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is presently -29.09%.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.