Focus Financial Network Inc. ADV Purchases New Position in International Paper (NYSE:IP)

Focus Financial Network Inc. ADV purchased a new stake in International Paper (NYSE:IPFree Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 8,908 shares of the basic materials company’s stock, valued at approximately $322,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IP. Manchester Capital Management LLC purchased a new stake in shares of International Paper during the third quarter worth approximately $25,000. CVA Family Office LLC purchased a new stake in shares of International Paper during the fourth quarter worth approximately $27,000. Assetmark Inc. raised its stake in shares of International Paper by 309.0% during the fourth quarter. Assetmark Inc. now owns 859 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 649 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of International Paper during the fourth quarter worth approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of International Paper during the third quarter worth approximately $39,000. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Stock Up 1.1 %

International Paper stock opened at $45.09 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.68. The firm has a market capitalization of $15.66 billion, a price-to-earnings ratio of 92.02 and a beta of 1.06. International Paper has a fifty-two week low of $29.00 and a fifty-two week high of $46.10. The stock’s fifty day moving average is $38.82 and its two-hundred day moving average is $36.97.

International Paper (NYSE:IPGet Free Report) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. International Paper had a net margin of 0.93% and a return on equity of 7.45%. The firm’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period last year, the company posted $0.53 EPS. Analysts predict that International Paper will post 1.92 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 24th. Investors of record on Friday, May 24th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Thursday, May 23rd. International Paper’s payout ratio is currently 377.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Jefferies Financial Group upgraded International Paper from a “hold” rating to a “buy” rating and increased their price objective for the stock from $38.00 to $57.00 in a research report on Thursday, May 23rd. Citigroup upgraded International Paper from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $46.00 in a research report on Wednesday, March 20th. Wells Fargo & Company increased their price objective on International Paper from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Thursday. Argus cut International Paper from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Bank of America upgraded International Paper from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $37.00 to $42.00 in a research report on Monday, March 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, International Paper presently has an average rating of “Moderate Buy” and a consensus target price of $44.71.

Read Our Latest Analysis on International Paper

International Paper 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)

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