Czech National Bank Grows Stock Holdings in International Paper Company $IP

Key Points

• The Czech National Bank increased its stake in International Paper Company by 6.6%, holding 129,038 shares valued at approximately $6 million.
• International Paper reported a 0.20 EPS for its latest quarter, missing analyst estimates, while revenue increased by 42.9% year-over-year to $6.77 billion.
• The company announced a quarterly dividend of $0.4625, representing a 3.9% yield, despite having a significantly negative dividend payout ratio.

Czech National Bank lifted its stake in shares of International Paper Company (NYSE:IP - Free Report) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,038 shares of the basic materials company's stock after acquiring an additional 7,936 shares during the quarter. Czech National Bank's holdings in International Paper were worth $6,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Rise Advisors LLC increased its position in shares of International Paper by 281.3% during the first quarter. Rise Advisors LLC now owns 469 shares of the basic materials company's stock worth $25,000 after acquiring an additional 346 shares during the period. Zions Bancorporation National Association UT purchased a new stake in shares of International Paper during the first quarter worth $34,000. Bernard Wealth Management Corp. purchased a new stake in shares of International Paper during the fourth quarter worth $37,000. Citizens National Bank Trust Department purchased a new stake in shares of International Paper during the first quarter worth $37,000. Finally, Grove Bank & Trust increased its position 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 worth $40,000 after acquiring an additional 623 shares during the period. Hedge funds and other institutional investors own 81.95% of the company's stock.

International Paper Price Performance

International Paper stock traded up $0.03 during mid-day trading on Monday, reaching $46.46. The company had a trading volume of 522,240 shares, compared to its average volume of 6,165,322. International Paper Company has a 1 year low of $43.27 and a 1 year high of $60.36. 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 company has a market capitalization of $24.53 billion, a P/E ratio of -464.60, a P/E/G ratio of 0.52 and a beta of 1.05. The stock's 50-day simple moving average is $48.94 and its 200-day simple moving average is $48.67.

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

International Paper Dividend Announcement

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

Insider Buying and Selling at International Paper

In other news, SVP Joseph R. Saab sold 9,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total transaction of $409,770.00. Following the completion of the transaction, the senior vice president directly owned 27,673 shares of the company's stock, valued at $1,259,951.69. This trade represents a 24.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

IP has been the topic of several recent analyst reports. Bank of America raised International Paper from a "neutral" rating to a "buy" rating and increased their target price for the company from $55.00 to $57.00 in a report on Thursday, August 28th. JPMorgan Chase & Co. lowered International Paper from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $55.00 to $54.00 in a report on Tuesday, August 5th. Wall Street Zen raised International Paper from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial set a $59.00 target price on International Paper in a report on Wednesday, May 28th. Finally, UBS Group initiated coverage on International Paper in a report on Wednesday, June 4th. They issued a "buy" rating and a $60.00 target price on the stock. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat, the company 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.