LVM Capital Management Ltd. MI Invests $612,000 in International Paper Company $IP

LVM Capital Management Ltd. MI acquired a new stake in International Paper Company (NYSE:IP) in the 2nd quarter, Holdings Channel reports. The fund acquired 16,070 shares of the basic materials company’s stock, valued at approximately $612,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its stake in International Paper by 36.7% during the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 229 shares in the last quarter. Rothschild Investment LLC lifted its holdings in shares of International Paper by 4.2% in the fourth quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after buying an additional 242 shares during the period. Independent Advisor Alliance boosted its stake in International Paper by 3.3% during the fourth quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after buying an additional 244 shares in the last quarter. Horizon Investments LLC grew its holdings in International Paper by 3.3% during the fourth quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock worth $333,000 after acquiring an additional 267 shares during the period. Finally, Stephens Inc. AR raised its position in International Paper by 1.3% in the first quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after acquiring an additional 298 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IP. Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a research report on Sunday. Loop Capital set a $61.00 target price on shares of International Paper in a research note on Tuesday, July 28th. Citigroup raised their target price on shares of International Paper from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Friday, May 1st. Finally, Royal Bank Of Canada upped their price target on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Buying and Selling at International Paper

In other news, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the sale, the chief accounting officer owned 34,248 shares in the company, valued at $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP William Thomas Hamic sold 24,500 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $41.20, for a total value of $1,009,400.00. Following the completion of the sale, the vice president directly owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is owned by insiders.

International Paper Stock Performance

Shares of IP opened at $41.21 on Tuesday. The company has a 50-day moving average of $37.94 and a two-hundred day moving average of $37.95. The stock has a market cap of $21.82 billion, a price-to-earnings ratio of -6.32 and a beta of 0.94. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. International Paper Company has a one year low of $29.26 and a one year high of $50.25.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $6 billion for the quarter, compared to analyst estimates of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.20 earnings per share. On average, equities research analysts expect that International Paper Company will post 1.38 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s payout ratio is -28.37%.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.