Security National Bank of Sioux City Iowa IA Decreases Stock Position in International Paper Company $IP

Security National Bank of Sioux City Iowa IA reduced its position in International Paper Company (NYSE:IP) by 6.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,680 shares of the basic materials company’s stock after selling 1,428 shares during the quarter. Security National Bank of Sioux City Iowa IA’s holdings in International Paper were worth $1,103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Greenleaf Trust grew its holdings in shares of International Paper by 2.5% during the 1st quarter. Greenleaf Trust now owns 9,244 shares of the basic materials company’s stock worth $493,000 after acquiring an additional 224 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of International Paper by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,994 shares of the basic materials company’s stock worth $480,000 after buying an additional 231 shares during the last quarter. Csenge Advisory Group grew its stake in shares of International Paper by 1.5% in the 1st quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company’s stock worth $867,000 after buying an additional 234 shares during the last quarter. Capital Investment Advisors LLC grew its stake in shares of International Paper by 6.0% in the 1st quarter. Capital Investment Advisors LLC now owns 4,176 shares of the basic materials company’s stock worth $223,000 after buying an additional 235 shares during the last quarter. Finally, Wimmer Associates 1 LLC grew its stake in shares of International Paper by 3.8% in the 4th quarter. Wimmer Associates 1 LLC now owns 7,450 shares of the basic materials company’s stock worth $401,000 after buying an additional 270 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on IP shares. Zacks Research downgraded International Paper from a “hold” rating to a “strong sell” rating in a research note on Monday, August 18th. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a research note on Friday, June 27th. Truist Financial set a $59.00 price target on International Paper in a research note on Wednesday, May 28th. JPMorgan Chase & Co. downgraded International Paper from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $54.00 in a research note on Tuesday, August 5th. Finally, Bank of America raised International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $55.00 to $57.00 in a research report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $55.65.

International Paper Price Performance

NYSE IP opened at $46.88 on Wednesday. The business’s fifty day moving average price is $49.67 and its 200-day moving average price is $49.16. The stock has a market capitalization of $24.75 billion, a price-to-earnings ratio of -468.80, a PEG ratio of 0.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. International Paper Company has a 1-year low of $43.27 and a 1-year high of $60.36.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.18). The firm had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. International Paper’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. On average, equities analysts predict that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 15th. International Paper’s dividend payout ratio is presently -1,850.00%.

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.