B. Metzler seel. Sohn & Co. AG Acquires 80,306 Shares of International Paper Company $IP

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in International Paper Company by 628.7% in Q1, owning 93,080 shares valued at approximately $4.97 million.
• International Paper reported $0.20 earnings per share for the last quarter, missing expectations by 18 cents, while revenue increased by 42.9% year-over-year to $6.77 billion.
• The company announced a quarterly dividend of $0.4625 per share, resulting in an annualized dividend of $1.85 and a 3.8% yield.

B. Metzler seel. Sohn & Co. AG increased its holdings in shares of International Paper Company (NYSE:IP - Free Report) by 628.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 93,080 shares of the basic materials company's stock after purchasing an additional 80,306 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in International Paper were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in International Paper during the first quarter worth about $34,000. Bernard Wealth Management Corp. bought a new stake in International Paper during the fourth quarter worth approximately $37,000. Citizens National Bank Trust Department acquired a new position in International Paper in the 1st quarter worth approximately $37,000. Grove Bank & Trust lifted its position in International Paper by 472.0% in the 1st quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock worth $40,000 after buying an additional 623 shares in the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of International Paper during the 1st quarter valued at $42,000. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of research analyst reports. Truist Financial set a $59.00 target price on shares of International Paper in a research report on Wednesday, May 28th. UBS Group initiated coverage on shares of International Paper in a research report on Wednesday, June 4th. They set a "buy" rating and a $60.00 target price on the stock. JPMorgan Chase & Co. lowered shares of International Paper from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $55.00 to $54.00 in a report on Tuesday, August 5th. Bank of America raised shares of International Paper from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $55.00 to $57.00 in a research report on Thursday, August 28th. Finally, Zacks Research downgraded shares of International Paper from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $55.65.

International Paper Price Performance

Shares of International Paper stock traded down $0.58 during midday trading on Tuesday, hitting $49.10. 779,661 shares of the company traded hands, compared to its average volume of 6,335,251. The stock has a market cap of $25.92 billion, a price-to-earnings ratio of -491.00, a PEG ratio of 0.56 and a beta of 1.05. 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 firm's fifty day moving average price is $49.58 and its 200-day moving average price is $49.46. International Paper Company has a 12 month low of $43.27 and a 12 month high of $60.36.

International Paper (NYSE:IP - Get Free Report) last posted its earnings results on Thursday, July 31st. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.18). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The firm's quarterly revenue was up 42.9% on a year-over-year basis. As a group, sell-side analysts forecast that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

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

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.