Jones Financial Companies Lllp Purchases 178,005 Shares of International Paper Company $IP

Key Points

• Jones Financial Companies Lllp significantly increased its stake in International Paper Company by acquiring 178,005 additional shares, bringing its total holdings to 195,591 shares, valued at approximately $10.4 million.
• Several significant institutional investors, including Vanguard Group Inc. and Price T Rowe Associates Inc., also raised their holdings in International Paper during the first quarter, reflecting positive sentiment among institutional investors.
• International Paper recently announced a quarterly dividend of $0.4625 per share, with a yield of 3.9%, providing returns to its shareholders amid fluctuating earnings reports.

Jones Financial Companies Lllp grew its holdings in shares of International Paper Company (NYSE:IP - Free Report) by 1,012.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 195,591 shares of the basic materials company's stock after buying an additional 178,005 shares during the period. Jones Financial Companies Lllp's holdings in International Paper were worth $10,435,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IP. Vanguard Group Inc. lifted its position in International Paper by 52.0% during the 1st quarter. Vanguard Group Inc. now owns 62,623,540 shares of the basic materials company's stock valued at $3,340,966,000 after acquiring an additional 21,428,455 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of International Paper by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,798,017 shares of the basic materials company's stock valued at $2,763,426,000 after purchasing an additional 4,201,422 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of International Paper by 19.4% during the first quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company's stock valued at $914,712,000 after purchasing an additional 2,782,042 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of International Paper by 230.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,965,192 shares of the basic materials company's stock worth $211,543,000 after purchasing an additional 2,763,634 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of International Paper in the 1st quarter worth approximately $132,900,000. 81.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IP. UBS Group assumed coverage on International Paper in a research note on Wednesday, June 4th. They set a "buy" rating and a $60.00 price objective for the company. Bank of America raised International Paper from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $55.00 to $57.00 in a research report on Thursday, August 28th. Wells Fargo & Company reissued an "underweight" rating and set a $43.00 price objective (up from $40.00) on shares of International Paper in a research report on Thursday, July 10th. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, JPMorgan Chase & Co. downgraded shares of International Paper from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $55.00 to $54.00 in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $55.65.

International Paper Price Performance

Shares of NYSE:IP opened at $47.34 on Tuesday. 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 market cap of $24.99 billion, a price-to-earnings ratio of -473.40, a price-to-earnings-growth ratio of 0.55 and a beta of 1.05. The business has a 50-day simple moving average of $49.73 and a two-hundred day simple moving average of $49.17. 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 announced its quarterly 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 company 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 earned $0.55 earnings per share. The business's revenue was up 42.9% compared to the same quarter last year. On average, analysts expect that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The business also recently announced 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 payout ratio is -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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