Ranch Capital Advisors Inc. Buys 684 Shares of International Paper (NYSE:IP)

Ranch Capital Advisors Inc. grew its stake in shares of International Paper (NYSE:IP) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,082 shares of the basic materials company’s stock after buying an additional 684 shares during the period. International Paper makes up 1.0% of Ranch Capital Advisors Inc.’s portfolio, making the stock its 28th biggest position. Ranch Capital Advisors Inc.’s holdings in International Paper were worth $2,103,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in International Paper during the fourth quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper during the 4th quarter valued at about $26,000. Brooklyn Investment Group bought a new position in shares of International Paper during the 3rd quarter valued at about $25,000. Legacy Investment Solutions LLC bought a new position in shares of International Paper during the 3rd quarter valued at about $28,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of International Paper during the 3rd quarter valued at about $28,000. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Up 1.3 %

NYSE:IP opened at $52.39 on Monday. The firm has a market capitalization of $27.56 billion, a price-to-earnings ratio of 33.37, a price-to-earnings-growth 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’s 50 day moving average price is $55.49 and its two-hundred day moving average price is $53.30. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. Equities research analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s payout ratio is presently 117.83%.

Analyst Ratings Changes

IP has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price objective on shares of International Paper in a report on Friday, January 31st. Citigroup initiated coverage on International Paper in a report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. Truist Financial reiterated a “buy” rating and set a $64.00 price objective (down previously from $65.00) on shares of International Paper in a report on Friday, January 31st. BNP Paribas cut International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective on the stock. in a report on Wednesday, November 13th. Finally, Bank of America began coverage on International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $54.86.

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.