MBB Public Markets I LLC Buys New Stake in International Paper Company $IP

Key Points

• MBB Public Markets I LLC has made a new investment of $313,000 in International Paper Company by purchasing 5,866 shares.
• International Paper reported $0.20 earnings per share (EPS) for the last quarter, missing the consensus estimate of $0.38, despite a revenue increase of 42.9% year-over-year.
• The company has a total institutional ownership of 81.95%, with various investors adjusting their stakes in the stock recently.

MBB Public Markets I LLC acquired a new stake in shares of International Paper Company (NYSE:IP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,866 shares of the basic materials company's stock, valued at approximately $313,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Greenleaf Trust raised its stake in 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 acquiring an additional 224 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in 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 valued at $480,000 after acquiring an additional 231 shares during the last quarter. Csenge Advisory Group raised its stake in International Paper by 1.5% during the 1st quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company's stock valued at $867,000 after acquiring an additional 234 shares during the last quarter. Capital Investment Advisors LLC raised its stake 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 acquiring an additional 235 shares during the last quarter. Finally, Wimmer Associates 1 LLC increased its position in International Paper by 3.8% during the 4th quarter. Wimmer Associates 1 LLC now owns 7,450 shares of the basic materials company's stock worth $401,000 after purchasing an additional 270 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Price Performance

Shares of IP traded down $0.52 on Friday, reaching $46.01. The stock had a trading volume of 2,883,451 shares, compared to its average volume of 3,470,695. The firm has a market capitalization of $24.29 billion, a PE ratio of -460.10, a PEG ratio of 0.53 and a beta of 1.05. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The firm has a 50-day moving average of $49.43 and a 200 day moving average of $49.01. International Paper Company has a twelve month low of $43.27 and a twelve month high of $60.36.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share 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 analyst estimates of $6.64 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business's revenue was up 42.9% on a year-over-year basis. Sell-side analysts expect that International Paper Company will post 2.77 EPS for the current year.

International Paper Dividend Announcement

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

Wall Street Analyst Weigh In

IP has been the topic of several recent analyst reports. Zacks Research cut International Paper from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. UBS Group initiated coverage on International Paper in a research report on Wednesday, June 4th. They set a "buy" rating and a $60.00 target price on the stock. Wells Fargo & Company reiterated an "underweight" rating and set a $43.00 target price (up previously from $40.00) on shares of International Paper in a research report on Thursday, July 10th. Truist Financial set a $59.00 target price on International Paper in a research report on Wednesday, May 28th. Finally, Wall Street Zen upgraded International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, International Paper currently has an average rating of "Hold" and a consensus price target of $55.65.

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.