AG2R LA Mondiale Gestion D Actifs Invests $1.22 Million in International Paper Company $IP

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of International Paper Company (NYSE:IP) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 22,806 shares of the basic materials company’s stock, valued at approximately $1,217,000.

Other large investors also recently modified their holdings of the company. Stratos Wealth Partners LTD. grew its position in shares of International Paper by 2.0% during the 1st quarter. Stratos Wealth Partners LTD. now owns 14,074 shares of the basic materials company’s stock worth $751,000 after buying an additional 282 shares during the period. Spire Wealth Management lifted its holdings in shares of International Paper by 2,343.9% in the 1st quarter. Spire Wealth Management now owns 1,613 shares of the basic materials company’s stock worth $86,000 after purchasing an additional 1,547 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of International Paper by 2.6% in the 1st quarter. Sequoia Financial Advisors LLC now owns 8,994 shares of the basic materials company’s stock worth $480,000 after purchasing an additional 231 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of International Paper by 37.3% in the 1st quarter. Assenagon Asset Management S.A. now owns 22,378 shares of the basic materials company’s stock worth $1,194,000 after purchasing an additional 6,077 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in shares of International Paper by 3.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,320 shares of the basic materials company’s stock worth $2,631,000 after purchasing an additional 1,680 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IP. Truist Financial set a $59.00 target price on International Paper in a report on Wednesday, May 28th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and increased their target price for the stock from $55.00 to $57.00 in a report on Thursday, August 28th. Zacks Research cut International Paper from a “hold” rating to a “strong sell” rating in a report on Monday, August 18th. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 27th. Finally, UBS Group began coverage on International Paper in a report on Wednesday, June 4th. They issued a “buy” rating and a $60.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $55.65.

International Paper Price Performance

Shares of NYSE:IP opened at $46.01 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The stock’s fifty day simple moving average is $49.43 and its two-hundred day simple moving average is $48.97. International Paper Company has a 1-year low of $43.27 and a 1-year high of $60.36. The stock has a market cap of $24.29 billion, a PE ratio of -460.10, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.18). International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.64 billion. During the same quarter last year, the business posted $0.55 earnings per share. International Paper’s revenue was up 42.9% on a year-over-year basis. As a group, analysts forecast that International Paper Company will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.85 annualized dividend and a dividend yield of 4.0%. International Paper’s dividend payout ratio (DPR) is currently -1,850.00%.

International Paper Company 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.