Consolidated Planning Corp Invests $317,000 in International Paper Company $IP

Key Points

• Consolidated Planning Corp has invested approximately $317,000 in International Paper Company by acquiring 6,775 shares of the stock during the second quarter.
• International Paper reported $0.20 earnings per share for the last quarter, missing the consensus estimate of $0.38, despite a year-over-year revenue increase of 42.9%.
• The company recently declared a quarterly dividend of $0.4625 per share, representing an annualized yield of 4.0%, although it has a remarkably high dividend payout ratio of -1,850.00%.

Consolidated Planning Corp acquired a new position in shares of International Paper Company (NYSE:IP - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,775 shares of the basic materials company's stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Wright Investors Service Inc. raised its stake in shares of International Paper by 2.9% during the 2nd quarter. Wright Investors Service Inc. now owns 7,226 shares of the basic materials company's stock worth $338,000 after purchasing an additional 201 shares in the last quarter. Greenleaf Trust raised its stake in shares of International Paper by 2.5% during the 1st quarter. Greenleaf Trust now owns 9,244 shares of the basic materials company's stock worth $493,000 after purchasing an additional 224 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of International Paper by 2.6% during the 1st quarter. Sequoia Financial Advisors LLC now owns 8,994 shares of the basic materials company's stock worth $480,000 after purchasing an additional 231 shares in the last quarter. Csenge Advisory Group raised its stake in shares of International Paper by 1.5% during the 1st quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company's stock worth $867,000 after purchasing an additional 234 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in International Paper by 6.0% in the 1st quarter. Capital Investment Advisors LLC now owns 4,176 shares of the basic materials company's stock valued at $223,000 after acquiring an additional 235 shares during the period. Institutional investors own 81.95% of the company's stock.

International Paper Stock Up 0.8%

IP stock opened at $46.64 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. The stock has a market capitalization of $24.62 billion, a price-to-earnings ratio of -466.40, a PEG ratio of 0.52 and a beta of 1.10. The business's fifty day moving average price is $47.86 and its two-hundred day moving average price is $48.41. International Paper Company has a fifty-two week low of $43.27 and a fifty-two week high of $60.36.

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 the consensus estimate of $0.38 by ($0.18). The firm 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%.The firm's quarterly revenue was up 42.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts anticipate that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were given a $0.4625 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.0%. International Paper's dividend payout ratio (DPR) is presently -1,850.00%.

Insider Activity at International Paper

In related news, SVP Joseph R. Saab sold 9,000 shares of the firm's stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total value of $409,770.00. Following the transaction, the senior vice president owned 27,673 shares in the company, valued at approximately $1,259,951.69. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IP shares. JPMorgan Chase & Co. cut International Paper from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $55.00 to $54.00 in a research note on Tuesday, August 5th. Zacks Research cut International Paper from a "hold" rating to a "strong sell" rating in a research note on Monday, August 18th. Wells Fargo & Company restated an "underweight" rating and issued a $43.00 price target (up previously from $40.00) on shares of International Paper in a research note on Thursday, July 10th. Wall Street Zen upgraded International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Bank of America upgraded International Paper from a "neutral" rating to a "buy" rating and increased their price target for the company from $55.00 to $57.00 in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $56.02.

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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