International Paper Company $IP Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in International Paper Company by 22.8%, owning 61,933 shares valued at approximately $2.9 million.
• International Paper reported earnings per share (EPS) of $0.20 for the last quarter, missing estimates and experiencing a 42.9% year-over-year revenue increase to $6.77 billion.
• The company declared a quarterly dividend of $0.4625 per share, with a dividend yield of 3.9% and a notably high payout ratio of -1,850%.

Vanguard Personalized Indexing Management LLC lifted its stake in shares of International Paper Company (NYSE:IP - Free Report) by 22.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,933 shares of the basic materials company's stock after buying an additional 11,488 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in International Paper were worth $2,901,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Gentry Private Wealth LLC increased its stake in shares of International Paper by 2.1% during the second quarter. Gentry Private Wealth LLC now owns 9,357 shares of the basic materials company's stock worth $438,000 after purchasing an additional 188 shares in the last quarter. Wright Investors Service Inc. increased its stake in shares of International Paper by 2.9% during the second 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 increased its stake in shares of International Paper by 2.5% during the first 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 increased its stake in shares of International Paper by 2.6% during the first 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. Finally, Csenge Advisory Group increased its stake in shares of International Paper by 1.5% during the first 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. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at International Paper

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

International Paper Stock Performance

International Paper stock opened at $46.93 on Thursday. The firm has a 50 day simple moving average of $47.19 and a 200-day simple moving average of $47.97. 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 stock has a market cap of $24.78 billion, a price-to-earnings ratio of -469.30, a price-to-earnings-growth ratio of 0.57 and a beta of 1.10.

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

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.9%. International Paper's dividend payout ratio (DPR) is -1,850.00%.

Analyst Upgrades and Downgrades

IP has been the subject of a number of research reports. Bank of America raised shares of International Paper from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $55.00 to $57.00 in a research note on Thursday, August 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of International Paper in a research note on Tuesday. Wells Fargo & Company upped their price objective on shares of International Paper from $43.00 to $44.00 and gave the company an "underweight" rating in a research note on Tuesday, October 7th. Jefferies Financial Group dropped their price objective on shares of International Paper from $61.00 to $59.00 and set a "buy" rating for the company in a research note on Friday, September 26th. Finally, Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $53.46.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.