B. Metzler seel. Sohn & Co. AG Has $687,000 Stock Holdings in International Paper (NYSE:IP)

B. Metzler seel. Sohn & Co. AG decreased its position in shares of International Paper (NYSE:IP) by 89.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,774 shares of the basic materials company’s stock after selling 105,185 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in International Paper were worth $687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IP. Colrain Capital LLC acquired a new stake in International Paper in the fourth quarter valued at approximately $4,346,000. Summit Financial LLC lifted its stake in shares of International Paper by 4.3% in the 4th quarter. Summit Financial LLC now owns 5,437 shares of the basic materials company’s stock valued at $293,000 after purchasing an additional 224 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its holdings in International Paper by 1.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 78,922 shares of the basic materials company’s stock worth $4,248,000 after purchasing an additional 1,148 shares in the last quarter. Clearbridge Investments LLC increased its position in International Paper by 645.6% during the fourth quarter. Clearbridge Investments LLC now owns 577,453 shares of the basic materials company’s stock worth $31,079,000 after buying an additional 500,001 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in International Paper by 588.7% during the fourth quarter. Schroder Investment Management Group now owns 301,538 shares of the basic materials company’s stock valued at $16,178,000 after buying an additional 257,752 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Stock Down 2.6 %

IP stock opened at $47.89 on Friday. The business’s 50-day simple moving average is $54.18 and its 200 day simple moving average is $53.79. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market cap of $25.20 billion, a PE ratio of 30.50, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36.

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

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.86%. International Paper’s dividend payout ratio (DPR) is currently 117.83%.

Analyst Ratings Changes

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

International Paper Profile

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.