Leonteq Securities AG Makes New $744,000 Investment in International Paper Company $IP

Leonteq Securities AG bought a new position in shares of International Paper Company (NYSE:IP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 18,887 shares of the basic materials company’s stock, valued at approximately $744,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. International Private Wealth Advisors LLC grew its holdings in International Paper by 4.1% during the 4th quarter. International Private Wealth Advisors LLC now owns 6,175 shares of the basic materials company’s stock worth $243,000 after acquiring an additional 243 shares during the last quarter. Independent Advisor Alliance grew its holdings in International Paper by 3.3% during the 4th quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 244 shares during the last quarter. Horizon Investments LLC grew its holdings in International Paper by 3.3% during the 4th quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock worth $333,000 after acquiring an additional 267 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in International Paper by 0.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 44,996 shares of the basic materials company’s stock worth $2,088,000 after acquiring an additional 268 shares during the last quarter. Finally, Ballentine Partners LLC grew its holdings in International Paper by 5.2% during the 3rd quarter. Ballentine Partners LLC now owns 5,450 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 271 shares during the last quarter. 81.95% of the stock is owned by institutional investors.

International Paper Stock Down 0.7%

International Paper stock opened at $31.28 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. International Paper Company has a 12-month low of $29.26 and a 12-month high of $56.13. The firm’s fifty day moving average is $34.33 and its 200 day moving average is $38.68. The company has a market capitalization of $16.56 billion, a PE ratio of -4.92 and a beta of 0.93.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (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 for the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, sell-side analysts predict that International Paper Company will post 1.38 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, May 22nd. International Paper’s payout ratio is presently -29.09%.

Insiders Place Their Bets

In related news, Director Anders Gustafsson bought 13,217 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average price of $37.83 per share, for a total transaction of $499,999.11. Following the transaction, the director directly owned 26,092 shares of the company’s stock, valued at approximately $987,060.36. The trade was a 102.66% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scott Tozier bought 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The shares were bought at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the transaction, the director directly owned 10,025 shares in the company, valued at $313,782.50. This trade represents a 40,000.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 36,092 shares of company stock worth $1,313,064 in the last quarter. 0.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IP has been the topic of a number of research reports. UBS Group reduced their target price on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, May 1st. Zacks Research downgraded shares of International Paper from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 23rd. Stifel Nicolaus dropped their price target on shares of International Paper from $51.80 to $50.70 and set a “buy” rating on the stock in a research report on Monday, February 9th. Finally, Royal Bank Of Canada dropped their price target on shares of International Paper from $48.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $43.73.

About International Paper

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.