Dorsey & Whitney Trust CO LLC Invests $205,000 in International Paper (NYSE:IP)

Dorsey & Whitney Trust CO LLC acquired a new stake in International Paper (NYSE:IP) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 3,804 shares of the basic materials company’s stock, valued at approximately $205,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IP. Brooklyn Investment Group purchased a new position in International Paper in the third quarter worth approximately $25,000. Sierra Ocean LLC acquired a new stake in shares of International Paper in the 4th quarter valued at $26,000. Centricity Wealth Management LLC purchased a new stake in shares of International Paper during the 4th quarter worth $26,000. Ashton Thomas Securities LLC acquired a new position in shares of International Paper during the third quarter worth $28,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of International Paper during the third quarter worth $28,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IP has been the subject of a number of recent analyst reports. Truist Financial reaffirmed a “buy” rating and set a $64.00 price target (down from $65.00) on shares of International Paper in a report on Friday, January 31st. Citigroup initiated 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. Bank of America started coverage on International Paper in a report 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 price objective on shares of International Paper in a report on Friday, January 31st. Finally, BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

International Paper Price Performance

Shares of NYSE IP opened at $49.36 on Wednesday. The stock has a market cap of $25.97 billion, a P/E ratio of 31.44, a P/E/G ratio of 0.39 and a beta of 1.02. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36. The stock has a 50 day moving average of $55.33 and a two-hundred day moving average of $53.32. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS 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%. On average, research analysts forecast that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.75%. International Paper’s dividend payout ratio (DPR) is 117.83%.

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.