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XTX Topco Ltd Makes New Investment in International Paper Company (NYSE:IP)

International Paper logo with Basic Materials background

Key Points

  • XTX Topco Ltd acquired 5,529 shares of International Paper Company valued at approximately $295,000 during the 1st quarter.
  • The company's stock has a market capitalization of $25.10 billion and a current price target consensus of $55.03 among analysts.
  • International Paper announced a quarterly dividend of $0.4625 per share with a dividend yield of 3.9%, to be paid on September 16th.
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XTX Topco Ltd acquired a new position in International Paper Company (NYSE:IP - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 5,529 shares of the basic materials company's stock, valued at approximately $295,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Greenleaf Trust grew its holdings in shares of International Paper by 2.5% during the 1st quarter. Greenleaf Trust now owns 9,244 shares of the basic materials company's stock worth $493,000 after acquiring an additional 224 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of 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 worth $480,000 after acquiring an additional 231 shares during the period. Csenge Advisory Group grew its holdings in shares of International Paper by 1.5% during the 1st quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company's stock worth $867,000 after acquiring an additional 234 shares during the period. Capital Investment Advisors LLC grew its holdings in shares of 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 worth $223,000 after acquiring an additional 235 shares during the period. Finally, Wimmer Associates 1 LLC grew its holdings in shares of 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 acquiring an additional 270 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 a number of research analyst reports. Wall Street Zen upgraded International Paper from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Truist Financial set a $59.00 target price on International Paper in a report on Wednesday, May 28th. Wells Fargo & Company reissued an "underweight" rating and issued a $43.00 price target (up from $40.00) on shares of International Paper in a research report on Thursday, July 10th. JPMorgan Chase & Co. cut International Paper from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $55.00 to $54.00 in a research report on Tuesday, August 5th. Finally, UBS Group assumed coverage on International Paper in a research report on Wednesday, June 4th. They issued a "buy" rating and a $60.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, International Paper has a consensus rating of "Hold" and an average price target of $55.03.

Check Out Our Latest Research Report on International Paper

International Paper Stock Performance

IP stock opened at $47.54 on Monday. The stock has a market capitalization of $25.10 billion, a PE ratio of -475.40, a price-to-earnings-growth ratio of 0.57 and a beta of 1.04. International Paper Company has a 12-month low of $43.27 and a 12-month high of $60.36. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock's 50 day simple moving average is $49.11 and its 200 day simple moving average is $50.37.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). The business had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The business's revenue was up 42.9% compared to the same quarter last year. During the same period last year, the company posted $0.55 earnings per share. As a group, research analysts forecast that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. International Paper's dividend payout ratio is presently -1,850.00%.

International Paper Company Profile

(Free Report)

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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Institutional Ownership by Quarter for International Paper (NYSE:IP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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