SPC Financial Inc. Acquires 200 Shares of International Paper (NYSE:IP)

SPC Financial Inc. boosted its holdings in shares of International Paper (NYSE:IP) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,100 shares of the basic materials company’s stock after buying an additional 200 shares during the quarter. SPC Financial Inc.’s holdings in International Paper were worth $759,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IP. Farther Finance Advisors LLC raised its stake in shares of International Paper by 101.9% in the third quarter. Farther Finance Advisors LLC now owns 6,857 shares of the basic materials company’s stock worth $335,000 after buying an additional 3,461 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in International Paper by 435.6% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 118,364 shares of the basic materials company’s stock worth $5,782,000 after acquiring an additional 96,264 shares during the period. Sentry Investment Management LLC purchased a new position in International Paper during the third quarter valued at approximately $79,000. American Capital Advisory LLC lifted its holdings in International Paper by 12.9% during the third quarter. American Capital Advisory LLC now owns 8,738 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Graypoint LLC bought a new position in shares of International Paper in the third quarter worth approximately $205,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Performance

NYSE IP opened at $52.71 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. International Paper has a 1-year low of $33.16 and a 1-year high of $60.36. The business has a 50 day simple moving average of $55.60 and a two-hundred day simple moving average of $53.20. The stock has a market capitalization of $27.73 billion, a PE ratio of 33.57, a P/E/G ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last posted its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.51%. International Paper’s payout ratio is currently 117.83%.

Wall Street Analyst Weigh In

IP has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research report on Friday, January 31st. Bank of America initiated coverage on International Paper in a report on Thursday, February 13th. They set a “neutral” rating on the stock. Citigroup assumed coverage on International Paper in a research note on Wednesday. They issued a “buy” rating and a $60.00 price objective for the company. Truist Financial reissued 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, BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target for the company. in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $54.86.

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.