Quantinno Capital Management LP Buys 379,913 Shares of International Paper Company $IP

Quantinno Capital Management LP increased its position in shares of International Paper Company (NYSE:IP) by 102.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 751,025 shares of the basic materials company’s stock after buying an additional 379,913 shares during the quarter. Quantinno Capital Management LP’s holdings in International Paper were worth $26,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. McIlrath & Eck LLC raised its holdings in International Paper by 452.6% in the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 525 shares in the last quarter. MV Capital Management Inc. acquired a new stake in shares of International Paper during the 4th quarter worth approximately $25,000. Sound Income Strategies LLC grew its holdings in shares of International Paper by 94.0% during the 4th quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 344 shares in the last quarter. DV Equities LLC bought a new stake in shares of International Paper during the fourth quarter valued at approximately $29,000. Finally, Ascentis Independent Advisors bought a new stake in shares of International Paper during the first quarter valued at approximately $28,000. 81.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IP. Weiss Ratings restated a “sell (d)” rating on shares of International Paper in a research note on Friday, July 24th. Loop Capital set a $61.00 price target on shares of International Paper in a research note on Tuesday. UBS Group boosted their price target on shares of International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company increased their price objective on shares of International Paper from $42.00 to $46.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Citigroup raised their price objective on shares of International Paper from $43.00 to $48.00 and gave the stock a “buy” rating in a report on Friday. Nine equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.75.

International Paper Trading Down 4.9%

Shares of IP opened at $41.03 on Friday. The stock has a fifty day moving average price of $36.88 and a two-hundred day moving average price of $38.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.94 and a current ratio of 1.10. International Paper Company has a 52-week low of $29.26 and a 52-week high of $52.28. The company has a market cap of $21.73 billion, a price-to-earnings ratio of -6.29 and a beta of 0.94.

International Paper (NYSE:IP) last announced its 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 return on equity of 1.09% and a negative net margin of 14.20%.The company had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the prior year, the business earned $0.20 earnings per share. The business’s revenue for the quarter was down 11.3% on a year-over-year basis. Analysts predict that International Paper Company will post 1.4 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders 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 dividend yield of 4.5%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s dividend payout ratio is -29.09%.

More International Paper News

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Citigroup raised its price target to $48 and assigned a Buy rating, implying approximately 17% potential upside based on the referenced price. The call suggests confidence in containerboard pricing and International Paper’s longer-term recovery prospects. Benzinga analyst price target report
• Positive Sentiment: Second-quarter adjusted EPS was $0.04, beating the consensus estimate of a $0.04 loss. Recent insider activity also showed five open-market purchases and no sales over the past six months, including purchases by the CEO and other executives. These factors may provide some support for investor confidence. International Paper second-quarter results
• Neutral Sentiment: JPMorgan upgraded International Paper’s stock rating, while other recent analyst targets have been mixed. Institutional positioning was also divided, with some large investors adding shares and others making substantial reductions. JPMorgan International Paper rating update
• Negative Sentiment: Revenue totaled $6.00 billion, below roughly $6.2 billion in expectations and down 11.3% year over year. The company reported a $12 million loss from continuing operations, negative free cash flow of $7 million, and reduced profitability expectations. Management projected full-year adjusted EBITDA of $3.20 billion to $3.40 billion and warned that a temporary Pine Hill, Alabama, mill closure will reduce third-quarter EBITDA by about $85 million. Higher maintenance, input and freight costs are adding further pressure. Zacks International Paper earnings analysis
• Negative Sentiment: Analysts cut estimates for second- and third-quarter EPS, reinforcing concerns that maintenance outages, macroeconomic headwinds and weaker profitability could outweigh the quarterly earnings beat. International Paper EPS forecast revision

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.