International Paper Company (NYSE:IP) Stock Holdings Increased by Alps Advisors Inc.

Alps Advisors Inc. raised its stake in shares of International Paper Company (NYSE:IP - Free Report) by 7.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 469,911 shares of the basic materials company's stock after purchasing an additional 33,733 shares during the period. Alps Advisors Inc. owned 0.09% of International Paper worth $25,070,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IP. Capital Research Global Investors raised its holdings in shares of International Paper by 68.8% during the 4th quarter. Capital Research Global Investors now owns 29,904,546 shares of the basic materials company's stock valued at $1,609,462,000 after buying an additional 12,191,361 shares during the period. FMR LLC boosted its stake in shares of International Paper by 48.9% in the fourth quarter. FMR LLC now owns 26,559,812 shares of the basic materials company's stock valued at $1,429,449,000 after purchasing an additional 8,720,575 shares during the period. Bank of New York Mellon Corp grew its holdings in International Paper by 19.4% during the 1st quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company's stock valued at $914,712,000 after purchasing an additional 2,782,042 shares in the last quarter. Bessemer Group Inc. increased its stake in International Paper by 3,304.9% during the 1st quarter. Bessemer Group Inc. now owns 2,547,255 shares of the basic materials company's stock worth $135,897,000 after buying an additional 2,472,443 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in International Paper by 134.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,948,752 shares of the basic materials company's stock valued at $212,522,000 after buying an additional 2,266,762 shares during the last quarter. Hedge funds and other institutional investors own 81.95% of the company's stock.

Insider Buying and Selling

In other news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the transaction, the chief accounting officer directly owned 31,525 shares of the company's stock, valued at $1,413,896.25. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.35% of the company's stock.

International Paper Stock Performance

Shares of NYSE:IP traded up $0.17 on Friday, hitting $52.58. The company's stock had a trading volume of 3,025,631 shares, compared to its average volume of 6,831,503. International Paper Company has a 12 month low of $42.73 and a 12 month high of $60.36. The stock's 50-day moving average is $47.73 and its two-hundred day moving average is $51.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.33. The company has a market capitalization of $27.76 billion, a price-to-earnings ratio of 44.94, a price-to-earnings-growth ratio of 0.47 and a beta of 1.02.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. International Paper had a return on equity of 4.05% and a net margin of 1.99%. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. On average, equities research analysts forecast that International Paper Company will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Friday, May 23rd. International Paper's dividend payout ratio (DPR) is presently 158.12%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IP. UBS Group initiated coverage on International Paper in a report on Wednesday, June 4th. They set a "buy" rating and a $60.00 price objective on the stock. Truist Financial set a $59.00 price objective on shares of International Paper in a research note on Wednesday, May 28th. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. JPMorgan Chase & Co. started coverage on International Paper in a research note on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price target for the company. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, International Paper currently has an average rating of "Hold" and an average price target of $55.65.

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.