Orion Portfolio Solutions LLC Has $1.12 Million Stock Holdings in International Paper (NYSE:IP)

Orion Portfolio Solutions LLC reduced its holdings in shares of International Paper (NYSE:IP) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,748 shares of the basic materials company’s stock after selling 1,696 shares during the period. Orion Portfolio Solutions LLC’s holdings in International Paper were worth $1,117,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in IP. Vanguard Group Inc. lifted its holdings in shares of International Paper by 0.8% during 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 during the period. Geode Capital Management LLC lifted its holdings in International Paper by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company’s stock valued at $407,463,000 after purchasing an additional 99,720 shares during the last quarter. Norges Bank acquired a new position in International Paper in the fourth quarter valued at about $109,201,000. Artemis Investment Management LLP grew its stake in International Paper by 147.2% during the fourth quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company’s stock worth $108,706,000 after buying an additional 1,202,632 shares during the last quarter. Finally, Amundi increased its holdings in shares of International Paper by 28.7% during the fourth quarter. Amundi now owns 1,355,926 shares of the basic materials company’s stock worth $74,142,000 after buying an additional 302,440 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Truist Financial restated a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Wednesday, March 26th. JPMorgan Chase & Co. began coverage on shares of International Paper in a research report on Thursday, March 20th. They issued an “overweight” rating and a $59.00 price objective for the company. Finally, Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and an average price target of $55.32.

International Paper Trading Down 2.6 %

IP opened at $47.89 on Friday. The firm has a 50 day simple moving average of $54.18 and a 200 day simple moving average of $53.79. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. The company has a market cap of $25.20 billion, a price-to-earnings ratio of 30.50, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

International Paper (NYSE:IP) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, sell-side analysts anticipate that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.4625 per share. The ex-dividend date was Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.86%. International Paper’s payout ratio is currently 117.83%.

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.