184,876 Shares in International Paper (NYSE:IP) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in International Paper (NYSE:IP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 184,876 shares of the basic materials company's stock, valued at approximately $9,950,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.05% of International Paper at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in International Paper during the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC acquired a new stake in shares of International Paper in the fourth quarter worth $26,000. Picton Mahoney Asset Management raised its holdings in shares of International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after purchasing an additional 215 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 295 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new stake in International Paper during the 4th quarter worth about $37,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

NYSE:IP traded down $0.61 during trading hours on Monday, hitting $47.20. 5,150,316 shares of the stock were exchanged, compared to its average volume of 7,682,158. The firm's fifty day moving average price is $48.00 and its 200 day moving average price is $52.81. International Paper has a 52-week low of $41.50 and a 52-week high of $60.36. The company has a market cap of $24.92 billion, a P/E ratio of 30.06, a P/E/G ratio of 0.39 and a beta of 1.03. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings results 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 return on equity of 4.75% and a net margin of 2.99%. The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the firm earned $0.17 earnings per share. The business's revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 23rd will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date is Friday, May 23rd. International Paper's dividend payout ratio (DPR) is 158.12%.

Analyst Ratings Changes

IP has been the subject of several analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Citigroup started coverage on shares of International Paper in a research note on Wednesday, March 5th. They set a "buy" rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of International Paper in a report on Thursday, March 20th. They set an "overweight" rating and a $59.00 target price for the company. Truist Financial set a $59.00 price target on shares of International Paper in a report on Wednesday. Finally, Wall Street Zen lowered shares of International Paper from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $53.86.

Insider Activity

In related news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $44.85, for a total transaction of $336,375.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.35% of the company's stock.

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.