16,660 Shares in International Paper (NYSE:IP) Bought by Envision Financial Planning LLC

Envision Financial Planning LLC bought a new stake in shares of International Paper (NYSE:IP) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 16,660 shares of the basic materials company’s stock, valued at approximately $897,000. International Paper comprises about 0.5% of Envision Financial Planning LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Townsquare Capital LLC raised its position in shares of International Paper by 69.2% during the 4th quarter. Townsquare Capital LLC now owns 11,646 shares of the basic materials company’s stock worth $627,000 after purchasing an additional 4,765 shares during the period. Sterling Capital Management LLC grew its stake in International Paper by 55.5% during the 4th quarter. Sterling Capital Management LLC now owns 20,533 shares of the basic materials company’s stock worth $1,105,000 after buying an additional 7,325 shares during the last quarter. Argent Trust Co acquired a new stake in International Paper in the fourth quarter worth $235,000. Treasurer of the State of North Carolina lifted its stake in International Paper by 12.4% in the fourth quarter. Treasurer of the State of North Carolina now owns 174,986 shares of the basic materials company’s stock valued at $9,418,000 after buying an additional 19,270 shares during the last quarter. Finally, DRW Securities LLC acquired a new position in shares of International Paper during the fourth quarter valued at $201,000. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Price Performance

Shares of NYSE IP opened at $46.86 on Friday. The firm has a 50-day moving average of $52.76 and a two-hundred day moving average of $53.68. The company has a market capitalization of $24.74 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 0.39 and a beta of 0.99. 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 has a twelve month low of $33.16 and a twelve month high of $60.36.

International Paper (NYSE:IP) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share 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, analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio (DPR) is presently 117.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IP shares. StockNews.com downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Bank of America began coverage on International Paper in a report on Thursday, February 13th. They set a “neutral” rating on the stock. Wells Fargo & Company decreased their price objective on International Paper from $52.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Truist Financial reaffirmed a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price target on shares of International Paper in a research note on Wednesday, March 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.32.

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.