Aberdeen Group plc Has $8.80 Million Holdings in International Paper Company $IP

Key Points

• Aberdeen Group plc increased its stake in International Paper Company by 104.6%, owning a total of 164,502 shares valued at approximately $8.8 million.
• In the first quarter, institutional investors significantly boosted their holdings in International Paper, with Vanguard Group Inc. increasing its ownership by 52% and Bessemer Group Inc. raising its position by 3,304.9%.
• International Paper reported a quarterly EPS of $0.20, missing estimates, while its revenue rose 42.9% year-over-year, and the company declared a quarterly dividend with a yield of 3.9%.

Aberdeen Group plc boosted its holdings in International Paper Company (NYSE:IP - Free Report) by 104.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 164,502 shares of the basic materials company's stock after buying an additional 84,096 shares during the quarter. Aberdeen Group plc's holdings in International Paper were worth $8,799,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Zions Bancorporation National Association UT acquired a new stake in shares of International Paper during the first quarter valued at about $34,000. Bernard Wealth Management Corp. acquired a new stake in shares of International Paper during the fourth quarter valued at about $37,000. Transce3nd LLC acquired a new stake in shares of International Paper during the fourth quarter valued at about $38,000. Citizens National Bank Trust Department acquired a new stake in shares of International Paper during the first quarter valued at about $37,000. Finally, Grove Bank & Trust boosted its stake in shares of International Paper by 472.0% during the first quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 623 shares in the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Trading Up 1.9%

Shares of IP traded up $0.91 during mid-day trading on Friday, reaching $48.94. 3,683,195 shares of the company were exchanged, compared to its average volume of 5,131,872. International Paper Company has a 52 week low of $43.27 and a 52 week high of $60.36. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.33. The stock has a market capitalization of $25.84 billion, a PE ratio of -489.40, a PEG ratio of 0.62 and a beta of 1.04. The business has a 50 day simple moving average of $49.21 and a two-hundred day simple moving average of $49.77.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.International Paper's revenue was up 42.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. On average, analysts predict that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.85 annualized dividend and a yield of 3.8%. International Paper's payout ratio is -1,850.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IP. JPMorgan Chase & Co. lowered International Paper from an "overweight" rating to a "neutral" rating and cut their price target for the company from $55.00 to $54.00 in a research note on Tuesday, August 5th. UBS Group started coverage on International Paper in a research note on Wednesday, June 4th. They set a "buy" rating and a $60.00 price target on the stock. Truist Financial set a $59.00 price objective on International Paper in a research report on Wednesday, May 28th. Wall Street Zen upgraded International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Zacks Research downgraded International Paper from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, International Paper currently has an average rating of "Hold" and a consensus price target of $55.46.

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.