Nykredit A S Acquires Shares of 2,747,579 International Paper Company $IP

Key Points

• Nykredit A/S acquired 2.75 million International Paper shares valued at approximately $104.7 million, giving it a 0.52% stake. Institutional investors collectively own 81.95% of the company.
• Analysts hold a broadly positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $49.13; several firms recently raised ratings or targets.
• International Paper reported quarterly EPS of $0.04, exceeding estimates, while revenue fell 11.3% year over year to $6 billion. The company maintains a quarterly dividend of $0.4625 per share, representing a 5.2% annualized yield.

Nykredit A S acquired a new position in shares of International Paper Company (NYSE:IP - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 2,747,579 shares of the basic materials company's stock, valued at approximately $104,683,000. Nykredit A S owned 0.52% of International Paper at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in shares of International Paper during the fourth quarter worth $25,000. Aberdeen Wealth Management LLC acquired a new stake in shares of International Paper in the 2nd quarter worth $27,000. Ascentis Independent Advisors acquired a new stake in shares of International Paper in the 1st quarter worth $28,000. Delta Asset Management LLC TN purchased a new stake in shares of International Paper in the second quarter valued at about $31,000. Finally, MCF Advisors LLC increased its stake in shares of International Paper by 36.7% during the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company's stock worth $34,000 after acquiring an additional 229 shares during the period. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IP. Zacks Research raised shares of International Paper from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Royal Bank Of Canada boosted their target price on International Paper from $48.00 to $52.00 and gave the stock an "outperform" rating in a research report on Friday, July 31st. Bank of America raised International Paper from a "neutral" rating to a "buy" rating and set a $46.00 target price for the company in a research note on Friday, September 11th. Loop Capital set a $61.00 price target on International Paper in a report on Tuesday, July 28th. Finally, Wells Fargo & Company lifted their price target on International Paper from $42.00 to $46.00 and gave the company an "overweight" rating in a research note on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $49.13.

Insider Buying and Selling at International Paper

In other International Paper news, VP William Hamic sold 24,500 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the sale, the vice president directly owned 106,952 shares in the company, valued at approximately $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Holly G. Goughnour sold 3,500 shares of the company's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the sale, the chief accounting officer directly owned 34,248 shares in the company, valued at $1,437,046.08. This trade represents a 9.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company's stock.

International Paper Stock Up 4.3%

IP stock opened at $35.54 on Friday. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57. The company's 50-day moving average price is $38.96 and its 200 day moving average price is $36.65. International Paper Company has a 52 week low of $29.26 and a 52 week high of $50.25. The company has a market cap of $18.82 billion, a P/E ratio of -5.45, a P/E/G ratio of 4.28 and a beta of 0.93.

International Paper (NYSE:IP - Get Free Report) last issued its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. The company had revenue of $6 billion during the quarter, compared to analysts' expectations of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm's quarterly revenue was down 11.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. On average, research analysts expect that International Paper Company will post 1.33 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 5.2%. International Paper's payout ratio is currently -28.37%.

International Paper Company Profile

International Paper Company NYSE: IP is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.

Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.

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