Banco Bilbao Vizcaya Argentaria S.A. Grows Stock Holdings in International Paper Company $IP

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. increased its stake in International Paper Company by 33.7%, owning a total of 90,921 shares now valued at $4,851,000.
• International Paper recently reported a loss per share of $0.20 for the last quarter, missing estimates, but its revenue increased by 42.9% year-over-year to $6.77 billion.
• The company announced a quarterly dividend of $0.4625, representing an annual yield of approximately 3.9%, with the payout scheduled for September 16th.

Banco Bilbao Vizcaya Argentaria S.A. boosted its position in International Paper Company (NYSE:IP - Free Report) by 33.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 90,921 shares of the basic materials company's stock after acquiring an additional 22,928 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in International Paper were worth $4,851,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of International Paper by 4.6% during the 4th quarter. NewEdge Advisors LLC now owns 32,542 shares of the basic materials company's stock valued at $1,751,000 after buying an additional 1,434 shares during the period. Commerce Bank grew its stake in shares of International Paper by 2.6% during the 4th quarter. Commerce Bank now owns 18,396 shares of the basic materials company's stock valued at $990,000 after buying an additional 464 shares during the period. First Trust Advisors LP grew its stake in shares of International Paper by 125.8% during the 4th quarter. First Trust Advisors LP now owns 439,576 shares of the basic materials company's stock valued at $23,658,000 after buying an additional 244,875 shares during the period. BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of International Paper by 18.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,897 shares of the basic materials company's stock valued at $856,000 after buying an additional 2,506 shares during the period. Finally, MetLife Investment Management LLC grew its stake in shares of International Paper by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 91,930 shares of the basic materials company's stock valued at $4,948,000 after buying an additional 1,626 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IP has been the subject of several research reports. Zacks Research cut shares of International Paper from a "hold" rating to a "strong sell" rating in a research note on Monday. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Truist Financial set a $59.00 price objective on shares of International Paper in a research note on Wednesday, May 28th. Wells Fargo & Company restated an "underweight" rating and set a $43.00 target price (up previously from $40.00) on shares of International Paper in a report on Thursday, July 10th. Finally, UBS Group started coverage on shares of International Paper in a research report on Wednesday, June 4th. They set a "buy" rating and a $60.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $55.46.

International Paper Stock Down 0.5%

Shares of International Paper stock opened at $47.07 on Thursday. The company has a fifty day moving average price of $49.13 and a 200 day moving average price of $49.88. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. International Paper Company has a twelve month low of $43.27 and a twelve month high of $60.36. The stock has a market cap of $24.85 billion, a price-to-earnings ratio of -470.70, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04.

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

International Paper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. International Paper's dividend payout ratio is presently -1,850.00%.

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.

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