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

LVM Capital Management Ltd. MI purchased a new position in International Paper Company (NYSE:IP) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 16,070 shares of the basic materials company’s stock, valued at approximately $612,000.

A number of other hedge funds have also recently bought and sold shares of IP. DNB Asset Management AS grew its holdings in International Paper by 144.2% during the 4th quarter. DNB Asset Management AS now owns 258,920 shares of the basic materials company’s stock worth $10,199,000 after acquiring an additional 152,907 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of International Paper by 29.6% in the 1st quarter. D.A. Davidson & CO. now owns 137,856 shares of the basic materials company’s stock valued at $4,921,000 after purchasing an additional 31,518 shares in the last quarter. Bellwether Advisors LLC acquired a new stake in shares of International Paper in the 1st quarter valued at about $2,615,000. AE Wealth Management LLC lifted its position in shares of International Paper by 12.8% during the fourth quarter. AE Wealth Management LLC now owns 374,851 shares of the basic materials company’s stock worth $14,765,000 after purchasing an additional 42,541 shares during the last quarter. Finally, Norges Bank acquired a new position in International Paper in the fourth quarter worth about $250,093,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Insider Activity

In other International Paper news, CAO Holly G. Goughnour sold 3,500 shares of International Paper stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total transaction of $146,860.00. Following the sale, the chief accounting officer owned 34,248 shares of the company’s stock, valued at $1,437,046.08. The trade was a 9.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP William Thomas Hamic sold 24,500 shares of the business’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 transaction, the vice president owned 106,952 shares of the company’s stock, valued at $4,406,422.40. This trade represents a 18.64% decrease in their position. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by corporate insiders.

International Paper Stock Performance

IP stock opened at $41.21 on Tuesday. International Paper Company has a 1 year low of $29.26 and a 1 year high of $50.25. The stock has a market capitalization 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 quick ratio of 0.84 and a current ratio of 1.10. The stock’s fifty day moving average is $37.94 and its two-hundred day moving average is $37.95.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.08. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The company’s quarterly revenue was down 11.3% on a year-over-year basis. On average, research analysts predict that International Paper Company will post 1.38 EPS 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 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s payout ratio is presently -28.37%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Royal Bank Of Canada boosted their price objective on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Seaport Research Partners upgraded International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Friday, May 1st. Loop Capital set a $61.00 price target on International Paper in a report on Tuesday, July 28th. Truist Financial reissued a “buy” rating and set a $49.00 price target (up from $46.00) on shares of International Paper in a research report on Friday, July 31st. Finally, Wells Fargo & Company raised their price objective on International Paper from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.75.

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.