Tounjian Advisory Partners LLC Makes New Investment in International Paper (NYSE:IP)

Tounjian Advisory Partners LLC bought a new stake in shares of International Paper (NYSE:IP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,374 shares of the basic materials company’s stock, valued at approximately $1,247,000.

Other institutional investors have also recently made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of International Paper in the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new stake in International Paper during the 4th quarter valued at $26,000. Picton Mahoney Asset Management lifted its position in International Paper by 67.0% in the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after buying an additional 215 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in International Paper by 90.2% during the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock worth $33,000 after buying an additional 295 shares during the period. Finally, Bernard Wealth Management Corp. bought a new position in International Paper during the fourth quarter valued at $37,000. Institutional investors own 81.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IP. Wells Fargo & Company restated an “underweight” rating and issued a $40.00 target price (down previously from $45.00) on shares of International Paper in a report on Friday, May 9th. Bank of America started coverage on International Paper in a research report on Thursday, February 13th. They set a “neutral” rating for the company. Wall Street Zen lowered International Paper from a “hold” rating to a “sell” rating in a research note on Monday, May 5th. JPMorgan Chase & Co. assumed coverage on International Paper in a research report on Thursday, March 20th. They issued an “overweight” rating and a $59.00 price objective on the stock. Finally, UBS Group assumed coverage on International Paper in a research report on Wednesday, June 4th. They set a “buy” rating and a $60.00 target price for the company. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $54.54.

International Paper Stock Performance

IP stock opened at $47.37 on Monday. International Paper has a 1-year low of $41.50 and a 1-year high of $60.36. The business has a 50-day moving average price of $47.31 and a 200 day moving average price of $52.42. The company has a market capitalization of $25.01 billion, a P/E ratio of 30.17, a PEG ratio of 0.39 and a beta of 1.04. 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 (NYSE:IP) last posted its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, equities research analysts forecast that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.85 annualized dividend and a yield of 3.91%. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

Insider Activity

In other news, CAO Holly G. Goughnour sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the sale, the chief accounting officer now directly owns 31,525 shares in the company, valued at approximately $1,413,896.25. This trade represents a 19.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% of the company’s stock.

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.