Hsbc Holdings PLC Increases Stake in International Paper Company $IP

Hsbc Holdings PLC lifted its position in International Paper Company (NYSE:IP) by 2.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 906,269 shares of the basic materials company’s stock after acquiring an additional 22,984 shares during the quarter. Hsbc Holdings PLC’s holdings in International Paper were worth $35,743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of International Paper by 94.8% during the fourth quarter. SG Americas Securities LLC now owns 1,590,689 shares of the basic materials company’s stock valued at $62,657,000 after purchasing an additional 774,301 shares in the last quarter. Capital International Investors raised its stake in International Paper by 51.4% in the third quarter. Capital International Investors now owns 48,990,719 shares of the basic materials company’s stock worth $2,272,966,000 after buying an additional 16,622,062 shares in the last quarter. Capital Research Global Investors lifted its holdings in International Paper by 7.5% during the third quarter. Capital Research Global Investors now owns 54,330,790 shares of the basic materials company’s stock worth $2,520,945,000 after buying an additional 3,768,772 shares during the period. DNB Asset Management AS lifted its holdings in International Paper by 144.2% during the fourth quarter. DNB Asset Management AS now owns 258,920 shares of the basic materials company’s stock worth $10,199,000 after buying an additional 152,907 shares during the period. Finally, Assenagon Asset Management S.A. boosted its position in International Paper by 764.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 212,999 shares of the basic materials company’s stock valued at $8,390,000 after acquiring an additional 188,357 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

International Paper Stock Down 0.6%

International Paper stock opened at $38.57 on Tuesday. International Paper Company has a 1-year low of $29.26 and a 1-year high of $56.13. The business has a fifty day moving average price of $34.13 and a 200-day moving average price of $38.15. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.94. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of -6.06 and a beta of 0.94.

International Paper (NYSE:IP) last announced its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.02 billion. During the same period in the prior year, the company earned $0.17 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. Equities research analysts forecast that International Paper Company will post 1.39 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.4625 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.85 annualized dividend and a dividend yield of 4.8%. International Paper’s dividend payout ratio is -29.09%.

Insider Activity

In related news, Director Scott Tozier acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $31.30 per share, with a total value of $313,000.00. Following the transaction, the director directly owned 10,025 shares of the company’s stock, valued at $313,782.50. This trade represents a 40,000.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of analyst reports. Weiss Ratings cut International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, April 27th. Seaport Research Partners upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a report on Friday, May 1st. JPMorgan Chase & Co. decreased their price target on shares of International Paper from $46.00 to $43.00 and set a “neutral” rating for the company in a research report on Friday, May 1st. Truist Financial lowered their price target on shares of International Paper from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Wednesday, April 15th. Finally, BNP Paribas Exane cut their price objective on shares of International Paper from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, International Paper has an average rating of “Moderate Buy” and an average target price of $43.73.

International Paper 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.