Total Wealth Planning & Management Inc. Raises Stock Holdings in International Paper Company $IP

Total Wealth Planning & Management Inc. grew its stake in International Paper Company (NYSE:IP) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,654 shares of the basic materials company’s stock after buying an additional 2,605 shares during the quarter. Total Wealth Planning & Management Inc.’s holdings in International Paper were worth $639,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of International Paper by 52.0% during the first quarter. Vanguard Group Inc. now owns 62,623,540 shares of the basic materials company’s stock worth $3,340,966,000 after purchasing an additional 21,428,455 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of International Paper by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,798,017 shares of the basic materials company’s stock worth $2,763,426,000 after purchasing an additional 4,201,422 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of International Paper by 19.4% during the first quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company’s stock worth $914,712,000 after purchasing an additional 2,782,042 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in shares of International Paper by 230.0% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,965,192 shares of the basic materials company’s stock worth $211,543,000 after purchasing an additional 2,763,634 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of International Paper during the first quarter worth about $132,900,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Joseph R. Saab sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total transaction of $409,770.00. Following the transaction, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. The trade was a 24.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by company insiders.

International Paper Trading Down 0.5%

Shares of NYSE:IP opened at $46.43 on Friday. International Paper Company has a 12-month low of $43.27 and a 12-month high of $60.36. The business’s fifty day simple moving average is $47.19 and its 200-day simple moving average is $48.21. The company has a market capitalization of $24.51 billion, a PE ratio of -464.30, a P/E/G ratio of 0.53 and a beta of 1.10. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The company had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter in the prior year, the business posted $0.55 earnings per share. The company’s revenue was up 42.9% compared to the same quarter last year. As a group, equities research analysts predict that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Friday, August 15th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.0%. The ex-dividend date was Friday, August 15th. International Paper’s payout ratio is -1,850.00%.

Wall Street Analyst Weigh In

IP has been the subject of several research analyst reports. UBS Group cut their target price on International Paper from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Wells Fargo & Company raised their price target on International Paper from $43.00 to $44.00 and gave the company an “underweight” rating in a report on Tuesday. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and raised their price target for the company from $55.00 to $57.00 in a report on Thursday, August 28th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of International Paper in a report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.58.

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.