Unison Advisors LLC Buys 550 Shares of International Paper (NYSE:IP)

Unison Advisors LLC grew its position in International Paper (NYSE:IP) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 57,919 shares of the basic materials company’s stock after acquiring an additional 550 shares during the period. Unison Advisors LLC’s holdings in International Paper were worth $3,117,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. SPC Financial Inc. grew its holdings in International Paper by 1.4% during the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company’s stock worth $759,000 after acquiring an additional 200 shares during the last quarter. AlphaMark Advisors LLC grew its stake in shares of International Paper by 5.7% in the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company’s stock worth $205,000 after purchasing an additional 204 shares during the last quarter. Inspire Advisors LLC increased its holdings in International Paper by 1.7% in the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company’s stock valued at $665,000 after purchasing an additional 204 shares during the period. MassMutual Private Wealth & Trust FSB increased its holdings in International Paper by 14.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 205 shares during the period. Finally, Kestra Private Wealth Services LLC raised its position in International Paper by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 212 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analyst Weigh In

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

International Paper Trading Down 10.0 %

IP opened at $49.02 on Friday. The company has a fifty day moving average price of $54.43 and a two-hundred day moving average price of $53.80. International Paper has a 1-year low of $33.16 and a 1-year high of $60.36. The company has a market cap of $25.79 billion, a P/E ratio of 31.22, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. Analysts predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, February 24th. International Paper’s dividend 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.