IFM Investors Pty Ltd Has $4.27 Million Stake in International Paper Company $IP

Key Points

• IFM Investors Pty Ltd increased its stake in International Paper Company by 10.4% in the second quarter, owning 91,250 shares valued at approximately $4.27 million.
• International Paper reported a loss of $0.18 per share in its latest quarterly results, missing analyst estimates, but revenue increased 42.9% year-over-year.
• The company declared a quarterly dividend of $0.4625, with an annualized yield of 4.0%, though its dividend payout ratio is notably negative at -1,850.00%.

IFM Investors Pty Ltd grew its stake in shares of International Paper Company (NYSE:IP - Free Report) by 10.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 91,250 shares of the basic materials company's stock after buying an additional 8,573 shares during the period. IFM Investors Pty Ltd's holdings in International Paper were worth $4,273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IP. Greenleaf Trust boosted its holdings 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 valued at $493,000 after purchasing an additional 224 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of International Paper by 2.6% in the first quarter. Sequoia Financial Advisors LLC now owns 8,994 shares of the basic materials company's stock worth $480,000 after buying an additional 231 shares in the last quarter. Csenge Advisory Group boosted its stake in International Paper by 1.5% during the first quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company's stock valued at $867,000 after buying an additional 234 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in International Paper by 6.0% during the 1st quarter. Capital Investment Advisors LLC now owns 4,176 shares of the basic materials company's stock valued at $223,000 after buying an additional 235 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in International Paper by 3.1% in the 1st quarter. IFP Advisors Inc now owns 9,224 shares of the basic materials company's stock worth $496,000 after acquiring an additional 275 shares during the last quarter. Institutional investors own 81.95% of the company's stock.

International Paper Stock Down 0.5%

International Paper stock traded down $0.22 during midday trading on Monday, hitting $46.21. 3,944,926 shares of the company's stock were exchanged, compared to its average volume of 3,791,487. 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 has a 50-day moving average of $48.94 and a two-hundred day moving average of $48.67. International Paper Company has a 12 month low of $43.27 and a 12 month high of $60.36. The company has a market cap of $24.40 billion, a PE ratio of -462.10, a P/E/G ratio of 0.52 and a beta of 1.05.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.20 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business's revenue for the quarter was up 42.9% compared to the same quarter last year. As a group, analysts expect that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

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

Analyst Ratings Changes

IP has been the subject of a number of recent research reports. Zacks Research lowered shares of International Paper from a "hold" rating to a "strong sell" rating in a report on Monday, August 18th. Wall Street Zen upgraded shares of International Paper from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial set a $59.00 price objective on International Paper in a research note on Wednesday, May 28th. UBS Group started coverage on International Paper in a research note on Wednesday, June 4th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered International Paper from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $55.00 to $54.00 in a report on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, International Paper has an average rating of "Hold" and an average price target of $55.65.

Insiders Place Their Bets

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of International Paper stock in a transaction dated Tuesday, September 16th. The stock was 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 in the company, valued at $1,259,951.69. The trade was a 24.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.55% of the company's stock.

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.