LifeWealth Investments LLC Grows Holdings in International Paper Company $IP

LifeWealth Investments LLC lifted its holdings in International Paper Company (NYSE:IP) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,847 shares of the basic materials company’s stock after purchasing an additional 949 shares during the period. LifeWealth Investments LLC’s holdings in International Paper were worth $414,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC grew its holdings in shares of International Paper by 281.3% in the first quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of International Paper in the first quarter valued at approximately $34,000. Citizens National Bank Trust Department acquired a new position in shares of International Paper in the first quarter valued at approximately $37,000. Quintet Private Bank Europe S.A. acquired a new position in shares of International Paper in the second quarter valued at approximately $37,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in shares of International Paper by 50.6% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 896 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 301 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 research analysts recently weighed in on the stock. Seaport Res Ptn cut shares of International Paper from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Zacks Research upgraded shares of International Paper from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Jefferies Financial Group reduced their price target on shares of International Paper from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Wall Street Zen downgraded shares of International Paper from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Finally, JPMorgan Chase & Co. downgraded shares of International Paper from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $55.00 to $54.00 in a research report on Tuesday, August 5th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, International Paper presently has an average rating of “Hold” and an average target price of $53.85.

Insider Buying and Selling at International Paper

In other news, SVP Joseph R. Saab sold 9,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total transaction of $409,770.00. Following the transaction, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. This represents a 24.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by insiders.

International Paper Price Performance

Shares of NYSE IP opened at $47.93 on Thursday. The stock has a market cap of $25.31 billion, a price-to-earnings ratio of -479.30, a PEG ratio of 0.58 and a beta of 1.10. International Paper Company has a 52 week low of $43.27 and a 52 week high of $60.36. The company’s 50-day moving average price is $47.13 and its 200 day moving average price is $47.82. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52.

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

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.9%. International Paper’s dividend payout ratio is currently -1,850.00%.

About International Paper

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.