Natixis Advisors LLC Purchases 75,046 Shares of International Paper Company (NYSE:IP)

Key Points

• Natixis Advisors LLC increased its ownership in International Paper Company by 25.3%, acquiring an additional 75,046 shares to reach a total of 371,586 shares, valued at approximately $19.8 million.
• Several institutional investors, including Capital Research Global Investors and FMR LLC, significantly raised their stakes in the company, with a combined ownership of 81.95% of International Paper's stock.
• International Paper's latest earnings report revealed a miss in earnings per share at $0.20, compared to the consensus estimate of $0.38, although revenue increased 42.9% year-over-year.

Natixis Advisors LLC lifted its position in International Paper Company (NYSE:IP - Free Report) by 25.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 371,586 shares of the basic materials company's stock after purchasing an additional 75,046 shares during the quarter. Natixis Advisors LLC owned approximately 0.07% of International Paper worth $19,824,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Geode Capital Management LLC increased its stake in shares of International Paper by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 8,393,217 shares of the basic materials company's stock valued at $450,586,000 after acquiring an additional 24,816 shares during the last quarter. World Investment Advisors lifted its stake in shares of International Paper by 25.9% in the fourth quarter. World Investment Advisors now owns 11,572 shares of the basic materials company's stock worth $623,000 after acquiring an additional 2,381 shares in the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of International Paper in the fourth quarter worth $5,358,000. Aster Capital Management DIFC Ltd acquired a new position in International Paper in the fourth quarter worth about $60,000. Finally, FMR LLC boosted its holdings in International Paper by 48.9% in the fourth quarter. FMR LLC now owns 26,559,812 shares of the basic materials company's stock worth $1,429,449,000 after purchasing an additional 8,720,575 shares during the period. Hedge funds and other institutional investors own 81.95% of the company's stock.

Wall Street Analysts Forecast Growth

IP has been the topic of several recent research reports. UBS Group began coverage on shares of International Paper in a research report on Wednesday, June 4th. They issued a "buy" rating and a $60.00 price objective on the stock. Truist Financial set a $59.00 price target on shares of International Paper in a research report on Wednesday, May 28th. Wells Fargo & Company reiterated an "underweight" rating and issued a $43.00 price objective (up previously from $40.00) on shares of International Paper in a research note on Thursday, July 10th. JPMorgan Chase & Co. cut shares of International Paper from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $55.00 to $54.00 in a research note on Tuesday. Finally, Wall Street Zen raised International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $55.03.

International Paper Stock Performance

International Paper stock traded up $1.82 during midday trading on Thursday, reaching $48.15. 2,232,269 shares of the company's stock were exchanged, compared to its average volume of 6,651,334. International Paper Company has a 52 week low of $43.27 and a 52 week high of $60.36. The stock's 50-day simple moving average is $49.11 and its 200 day simple moving average is $50.61. 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 $25.42 billion, a price-to-earnings ratio of -481.50, a P/E/G ratio of 0.53 and a beta of 1.04.

International Paper (NYSE:IP - Get Free Report) last issued its earnings results on Thursday, July 31st. The basic materials company reported $0.20 EPS for the quarter, missing the consensus estimate 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 business had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same period in the previous year, the firm posted $0.55 EPS. The firm'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 fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Friday, August 15th will be issued a dividend of $0.4625 per share. The ex-dividend date is Friday, August 15th. This represents a $1.85 annualized dividend and a yield of 3.8%. International Paper's dividend payout ratio is -1,850.00%.

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.