LifeWealth Investments LLC Purchases 949 Shares of International Paper Company $IP

LifeWealth Investments LLC raised its stake in shares of International Paper Company (NYSE:IP) by 12.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,847 shares of the basic materials company’s stock after acquiring an additional 949 shares during the quarter. LifeWealth Investments LLC’s holdings in International Paper were worth $414,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IP. Rise Advisors LLC raised its stake in International Paper by 281.3% in the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 346 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in International Paper in the 1st quarter worth $34,000. Citizens National Bank Trust Department purchased a new position in International Paper in the 1st quarter worth $37,000. Quintet Private Bank Europe S.A. purchased a new position in International Paper in the 2nd quarter worth $37,000. Finally, Cary Street Partners Investment Advisory LLC raised its stake in International Paper by 50.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 896 shares of the basic materials company’s stock worth $48,000 after acquiring an additional 301 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on IP shares. JPMorgan Chase & Co. lowered International Paper from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $55.00 to $54.00 in a research note on Tuesday, August 5th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $55.00 to $57.00 in a research note on Thursday, August 28th. Wall Street Zen lowered International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Wells Fargo & Company lifted their price objective on International Paper from $43.00 to $44.00 and gave the company an “underweight” rating in a research note on Tuesday, October 7th. Finally, UBS Group reduced their price objective on International Paper from $60.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, October 6th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, International Paper has an average rating of “Hold” and a consensus target price of $53.85.

Insider Activity

In other news, SVP Joseph R. Saab sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the sale, the senior vice president directly owned 27,673 shares of the company’s stock, valued at approximately $1,259,951.69. The trade was a 24.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.35% of the company’s stock.

International Paper Stock Performance

Shares of International Paper stock opened at $47.93 on Thursday. The business’s 50 day moving average price is $47.13 and its 200 day moving average price is $47.82. The company has a market cap of $25.31 billion, a price-to-earnings ratio of -479.30, a PEG ratio of 0.58 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.33. International Paper Company has a one year low of $43.27 and a one year high of $60.36.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The company had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.64 billion. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was up 42.9% compared to the same quarter last year. On average, research analysts predict that International Paper Company will post 2.77 EPS for the current year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.9%. International Paper’s dividend payout ratio (DPR) is -1,850.00%.

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.