Trust Investment Advisors Trims Holdings in International Paper (NYSE:IP)

Trust Investment Advisors lowered its holdings in International Paper (NYSE:IP) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,336 shares of the basic materials company’s stock after selling 198 shares during the quarter. Trust Investment Advisors’ holdings in International Paper were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in International Paper in the fourth quarter worth $26,000. Centricity Wealth Management LLC purchased a new stake in shares of International Paper in the 4th quarter worth about $26,000. Brooklyn Investment Group bought a new stake in shares of International Paper during the 3rd quarter valued at about $25,000. Picton Mahoney Asset Management increased its position in shares of International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock valued at $29,000 after buying an additional 215 shares during the period. Finally, Legacy Investment Solutions LLC purchased a new position in shares of International Paper during the 3rd quarter worth approximately $28,000. 81.95% of the stock is currently owned by institutional investors.

International Paper Price Performance

Shares of NYSE IP opened at $56.34 on Wednesday. The company has a 50 day moving average of $54.96 and a 200 day moving average of $53.61. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36. The firm has a market cap of $29.64 billion, a P/E ratio of 35.89, a PEG ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last announced its quarterly earnings results 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%. As a group, research analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. The ex-dividend date was Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.28%. International Paper’s payout ratio is 117.83%.

Wall Street Analyst Weigh In

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

International Paper Company 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.