International Paper Company $IP Position Increased by Fieldview Capital Management LLC

Fieldview Capital Management LLC raised its position in shares of International Paper Company (NYSE:IP) by 154.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,794 shares of the basic materials company’s stock after buying an additional 45,344 shares during the quarter. Fieldview Capital Management LLC’s holdings in International Paper were worth $2,946,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. McIlrath & Eck LLC lifted its stake in International Paper by 452.6% during the fourth quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after buying an additional 525 shares in the last quarter. Sound Income Strategies LLC lifted its stake in International Paper by 94.0% during the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after buying an additional 344 shares in the last quarter. Kelleher Financial Advisors purchased a new stake in International Paper during the third quarter valued at about $36,000. MCF Advisors LLC lifted its stake in International Paper by 36.7% during the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock valued at $34,000 after buying an additional 229 shares in the last quarter. Finally, Laurel Wealth Advisors LLC purchased a new stake in International Paper during the fourth quarter valued at about $37,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Scott Tozier purchased 10,000 shares of the stock in a transaction on Friday, May 1st. The shares were bought at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the completion of the acquisition, the director directly owned 10,025 shares in the company, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.

International Paper Trading Up 3.3%

NYSE:IP opened at $36.11 on Friday. The stock’s 50 day moving average price is $33.60 and its 200 day moving average price is $38.28. International Paper Company has a 52 week low of $29.26 and a 52 week high of $56.13. The company has a market capitalization of $19.12 billion, a P/E ratio of -5.68 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 1.21.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The firm had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the prior year, the company posted $0.17 EPS. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, research analysts forecast that International Paper Company will post 1.38 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 5.1%. The ex-dividend date was Friday, May 22nd. International Paper’s dividend payout ratio (DPR) is -29.09%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of International Paper from $46.00 to $43.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. UBS Group dropped their target price on International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Monday, May 4th. Royal Bank Of Canada dropped their target price on International Paper from $48.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. BNP Paribas Exane dropped their target price on International Paper from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft began coverage on International Paper in a report on Wednesday, April 1st. They issued a “hold” rating and a $38.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.73.

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.