Dimensional Fund Advisors LP Has $150.03 Million Position in International Paper Company $IP

Dimensional Fund Advisors LP increased its stake in shares of International Paper Company (NYSE:IP) by 7.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,202,930 shares of the basic materials company’s stock after acquiring an additional 287,737 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.79% of International Paper worth $150,028,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. DNB Asset Management AS increased its position in International Paper by 144.2% in the 4th quarter. DNB Asset Management AS now owns 258,920 shares of the basic materials company’s stock valued at $10,199,000 after buying an additional 152,907 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in International Paper by 764.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 212,999 shares of the basic materials company’s stock worth $8,390,000 after acquiring an additional 188,357 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in International Paper by 29.6% in the first quarter. D.A. Davidson & CO. now owns 137,856 shares of the basic materials company’s stock worth $4,921,000 after acquiring an additional 31,518 shares in the last quarter. Alpha Omega Wealth Management LLC acquired a new stake in International Paper in the fourth quarter valued at approximately $1,539,000. Finally, AE Wealth Management LLC grew its stake in International Paper by 12.8% in the fourth quarter. AE Wealth Management LLC now owns 374,851 shares of the basic materials company’s stock valued at $14,765,000 after acquiring an additional 42,541 shares during the period. 81.95% of the stock is owned by institutional investors.

International Paper Trading Up 0.1%

Shares of International Paper stock opened at $42.21 on Monday. The stock has a fifty day simple moving average of $35.68 and a 200 day simple moving average of $37.97. International Paper Company has a 12-month low of $29.26 and a 12-month high of $56.13. The company has a market capitalization of $22.35 billion, a P/E ratio of -6.64 and a beta of 0.94. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The company had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts anticipate that International Paper Company will post 1.39 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be issued a $0.4625 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.85 annualized dividend and a dividend yield of 4.4%. International Paper’s dividend payout ratio is currently -29.09%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IP. Truist Financial upped their target price on International Paper from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of International Paper in a research report on Wednesday, April 1st. They issued a “hold” rating and a $38.00 price target for the company. JPMorgan Chase & Co. boosted their price target on shares of International Paper from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Wells Fargo & Company upped their price objective on shares of International Paper from $39.00 to $42.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Finally, Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.31.

Insider Activity at International Paper

In other news, Director Scott Tozier purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average cost of $31.30 per share, with a total value of $313,000.00. Following the completion of the transaction, the director directly owned 10,025 shares of the company’s stock, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.21% of the stock is currently owned by corporate insiders.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.