CWS Financial Advisors LLC Acquires Shares of 4,581 International Paper Company $IP

CWS Financial Advisors LLC purchased a new stake in shares of International Paper Company (NYSE:IP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,581 shares of the basic materials company’s stock, valued at approximately $244,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of International Paper by 52.0% during the first quarter. Vanguard Group Inc. now owns 62,623,540 shares of the basic materials company’s stock valued at $3,340,966,000 after buying an additional 21,428,455 shares during the period. Bank of New York Mellon Corp increased its position in International Paper by 19.4% during the 1st quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company’s stock valued at $914,712,000 after purchasing an additional 2,782,042 shares during the period. Nuveen LLC purchased a new position in International Paper during the 1st quarter valued at $132,900,000. Bessemer Group Inc. increased its position in International Paper by 3,304.9% during the 1st quarter. Bessemer Group Inc. now owns 2,547,255 shares of the basic materials company’s stock valued at $135,897,000 after purchasing an additional 2,472,443 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in International Paper by 134.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,948,752 shares of the basic materials company’s stock valued at $212,522,000 after purchasing an additional 2,266,762 shares during the period. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on IP shares. JPMorgan Chase & Co. cut shares of International Paper from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $54.00 in a research report on Tuesday, August 5th. UBS Group assumed coverage on shares of International Paper in a research report on Wednesday, June 4th. They set a “buy” rating and a $60.00 price target on the stock. Wells Fargo & Company reiterated an “underweight” rating and set a $43.00 target price (up previously from $40.00) on shares of International Paper in a report on Thursday, July 10th. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, Truist Financial set a $59.00 target price on International Paper in a report on Wednesday, May 28th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.46.

International Paper Stock Up 0.6%

NYSE:IP opened at $46.90 on Tuesday. The company has a market capitalization of $24.76 billion, a PE ratio of -469.00, a P/E/G ratio of 0.58 and a beta of 1.04. 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. The firm’s 50-day moving average price is $49.13 and its 200-day moving average price is $49.92.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). The business had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.64 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%. International Paper’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. On average, equities analysts predict that International Paper Company 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 Tuesday, September 16th. Stockholders of record on Friday, August 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis 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 currently -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.