16,416 Shares in International Paper Company $IP Bought by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC acquired a new stake in International Paper Company (NYSE:IP) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,416 shares of the basic materials company’s stock, valued at approximately $545,000.

Several other institutional investors have also added to or reduced their stakes in IP. BlackRock Inc. bought a new stake in International Paper in the 2nd quarter worth about $1,940,896,000. State Street Corp raised its position in International Paper by 7.1% in the 2nd quarter. State Street Corp now owns 32,999,909 shares of the basic materials company’s stock worth $1,257,297,000 after buying an additional 2,189,597 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in International Paper in the 2nd quarter worth about $689,498,000. Atlas FRM LLC bought a new position in International Paper during the 2nd quarter valued at about $374,904,000. Finally, Hill City Capital LP bought a new position in International Paper during the 2nd quarter valued at about $194,310,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Argus reaffirmed a “buy” rating and set a $45.00 price target on shares of International Paper in a report on Thursday, September 24th. JPMorgan Chase & Co. decreased their price objective on shares of International Paper from $62.00 to $51.00 and set an “overweight” rating for the company in a report on Thursday, October 29th. Loop Capital set a $61.00 price objective on shares of International Paper in a report on Tuesday, July 28th. Wells Fargo & Company lowered their price objective on shares of International Paper from $46.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Finally, Zacks Research upgraded shares of International Paper from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.44.

International Paper Stock Performance

Shares of IP opened at $35.41 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.01 and a quick ratio of 0.77. International Paper Company has a one year low of $29.26 and a one year high of $50.25. The firm has a market capitalization of $18.75 billion, a P/E ratio of -5.40, a PEG ratio of 5.27 and a beta of 0.97. The business has a fifty day moving average of $34.31 and a 200 day moving average of $37.21.

International Paper (NYSE:IP) last posted its quarterly earnings data on Wednesday, October 28th. The basic materials company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. International Paper had a positive return on equity of 1.77% and a negative net margin of 14.32%. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the business earned ($0.43) earnings per share. International Paper’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, sell-side analysts anticipate that International Paper Company will post 1.14 EPS for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date is Monday, November 16th. International Paper’s payout ratio is currently -28.20%.

International Paper Company Profile

International Paper is a global producer of fiber-based packaging and pulp products. Its packaging offerings include containerboard and corrugated packaging used to protect and transport goods, while its pulp products serve a range of consumer and industrial applications.

The company traces its origins to 1898, when several U.S. paper manufacturers combined to form International Paper. Over time, it has evolved through acquisitions and changes to its business, with a focus on renewable, fiber-based materials and packaging solutions.

International Paper serves customers across multiple regions, including North America and Europe.