Sei Investments Co. Buys 34,414 Shares of International Paper (NYSE:IP)

Sei Investments Co. lifted its position in International Paper (NYSE:IP) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 398,830 shares of the basic materials company’s stock after acquiring an additional 34,414 shares during the quarter. Sei Investments Co.’s holdings in International Paper were worth $21,465,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SPC Financial Inc. increased its stake in International Paper by 1.4% in the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company’s stock valued at $759,000 after buying an additional 200 shares during the last quarter. AlphaMark Advisors LLC increased its position in shares of International Paper by 5.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company’s stock valued at $205,000 after acquiring an additional 204 shares during the last quarter. Inspire Advisors LLC lifted its holdings in International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company’s stock worth $665,000 after acquiring an additional 204 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 205 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its stake in International Paper by 1.4% in the fourth quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company’s stock valued at $820,000 after acquiring an additional 212 shares during the last quarter. 81.95% of the stock is owned by institutional investors.

International Paper Stock Performance

NYSE IP opened at $55.65 on Thursday. The company’s 50 day simple moving average is $54.96 and its two-hundred day simple moving average is $53.62. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The stock has a market capitalization of $29.28 billion, a PE ratio of 35.45, a P/E/G ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last issued 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 return on equity of 4.75% and a net margin of 2.99%. Analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared 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 was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.32%. International Paper’s dividend payout ratio (DPR) is presently 117.83%.

Analysts Set New Price Targets

A number of analysts have issued reports on IP shares. Truist Financial reissued a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. Bank of America initiated coverage on International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 target price for the company. Citigroup started coverage on shares of International Paper in a research report on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Finally, StockNews.com raised shares of International Paper from a “hold” rating to a “buy” rating in a report on Thursday, March 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, International Paper currently has an average rating of “Moderate Buy” and an average target price of $55.32.

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.