Simmons Bank Takes $201,000 Position in International Paper (NYSE:IP)

Simmons Bank acquired a new position in International Paper (NYSE:IP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,728 shares of the basic materials company’s stock, valued at approximately $201,000.

Other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group bought a new position in shares of International Paper in the 3rd quarter valued at approximately $25,000. Sierra Ocean LLC bought a new position in shares of International Paper in the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new stake in shares of International Paper in the fourth quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of International Paper during the 3rd quarter worth $28,000. Finally, Legacy Investment Solutions LLC acquired a new position in International Paper in the 3rd quarter valued at $28,000. 81.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IP shares. BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of International Paper in a report on Friday, January 31st. Truist Financial restated a “buy” rating and issued a $64.00 price objective (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, International Paper currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.88.

International Paper Stock Up 1.0 %

IP opened at $56.28 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The firm’s fifty day moving average price is $55.67 and its two-hundred day moving average price is $52.93. 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 capitalization of $19.55 billion, a P/E ratio of 35.85, a P/E/G ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last posted 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 return on equity of 4.75% and a net margin of 2.99%. On average, analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.29%. International Paper’s dividend payout ratio (DPR) is presently 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.