Quilter Plc Invests $4.72 Million in International Paper Company (NYSE:IP)

Quilter Plc purchased a new stake in International Paper Company (NYSE:IP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 88,458 shares of the basic materials company's stock, valued at approximately $4,719,000.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in shares of International Paper by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,596,595 shares of the basic materials company's stock valued at $2,561,651,000 after purchasing an additional 368,648 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of International Paper by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 41,195,085 shares of the basic materials company's stock valued at $2,217,119,000 after acquiring an additional 340,383 shares in the last quarter. Capital Research Global Investors grew its position in shares of International Paper by 68.8% during the 4th quarter. Capital Research Global Investors now owns 29,904,546 shares of the basic materials company's stock worth $1,609,462,000 after purchasing an additional 12,191,361 shares in the last quarter. FMR LLC boosted its stake in shares of International Paper by 48.9% in the fourth quarter. FMR LLC now owns 26,559,812 shares of the basic materials company's stock valued at $1,429,449,000 after buying an additional 8,720,575 shares during the period. Finally, Geode Capital Management LLC grew its holdings 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 worth $450,586,000 after purchasing an additional 24,816 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

Insider Activity

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the completion of the sale, the chief accounting officer now owns 31,525 shares in the company, valued at approximately $1,413,896.25. This trade represents a 19.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.35% of the company's stock.

International Paper Stock Up 0.5%

IP stock opened at $46.61 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.96 and a current ratio of 1.33. International Paper Company has a fifty-two week low of $41.50 and a fifty-two week high of $60.36. The stock's 50 day simple moving average is $47.03 and its 200 day simple moving average is $51.38. The company has a market cap of $24.61 billion, a P/E ratio of 39.84, a price-to-earnings-growth ratio of 0.42 and a beta of 1.04.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). International Paper had a net margin of 1.99% and a return on equity of 4.05%. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.38 billion. During the same quarter in the prior year, the business earned $0.17 earnings per share. The firm's quarterly revenue was up 27.8% compared to the same quarter last year. On average, research 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 disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.97%. The ex-dividend date of this dividend was Friday, May 23rd. International Paper's dividend payout ratio (DPR) is presently 158.12%.

Analysts Set New Price Targets

IP has been the topic of a number of research reports. UBS Group began coverage on International Paper in a research report on Wednesday, June 4th. They set a "buy" rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. began coverage on International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 price objective for the company. Wall Street Zen cut International Paper from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Royal Bank Of Canada restated an "outperform" rating and set a $64.00 price target on shares of International Paper in a report on Wednesday, March 26th. Finally, Truist Financial set a $59.00 price target on shares of International Paper in a research report on Wednesday, May 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, International Paper currently has a consensus rating of "Hold" and an average target price of $54.54.

International Paper Company 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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