International Paper Company $IP Shares Purchased by Curi RMB Capital LLC

Curi RMB Capital LLC lifted its holdings in International Paper Company (NYSE:IP - Free Report) by 116.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 345,376 shares of the basic materials company's stock after acquiring an additional 185,798 shares during the quarter. Curi RMB Capital LLC owned 0.07% of International Paper worth $18,426,000 as of its most recent SEC filing.

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Several other institutional investors have also recently made changes to their positions in IP. Vanguard Group Inc. lifted its holdings in International Paper by 52.0% in the first quarter. Vanguard Group Inc. now owns 62,623,540 shares of the basic materials company's stock valued at $3,340,966,000 after acquiring an additional 21,428,455 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in International Paper by 8.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 51,798,017 shares of the basic materials company's stock worth $2,763,426,000 after buying an additional 4,201,422 shares in the last quarter. Bank of New York Mellon Corp grew its position in International Paper by 19.4% during the first quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company's stock valued at $914,712,000 after buying an additional 2,782,042 shares during the period. JPMorgan Chase & Co. increased its holdings in International Paper by 21.4% in the first quarter. JPMorgan Chase & Co. now owns 9,019,743 shares of the basic materials company's stock valued at $481,203,000 after buying an additional 1,590,137 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of International Paper by 1.1% in the first quarter. Invesco Ltd. now owns 8,040,128 shares of the basic materials company's stock worth $428,941,000 after acquiring an additional 85,732 shares during the period. Hedge funds and other institutional investors own 81.95% of the company's stock.

Analyst Ratings Changes

IP has been the topic of several research analyst reports. Wells Fargo & Company reissued an "underweight" rating and issued a $43.00 price objective (up from $40.00) on shares of International Paper in a report on Thursday, July 10th. Bank of America raised shares of International Paper from a "neutral" rating to a "buy" rating and lifted their price target for the company from $55.00 to $57.00 in a research note on Thursday, August 28th. JPMorgan Chase & Co. cut shares of International Paper from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $55.00 to $54.00 in a research report on Tuesday, August 5th. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a report on Friday, June 27th. Finally, Zacks Research lowered shares of International Paper from a "hold" rating to a "strong sell" rating in a research report on Monday, August 18th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $55.65.

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View Our Latest Stock Analysis on IP

International Paper Price Performance

Shares of NYSE IP opened at $48.07 on Thursday. The firm has a 50-day simple moving average of $49.66 and a 200-day simple moving average of $49.45. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $25.38 billion, a price-to-earnings ratio of -480.70, a price-to-earnings-growth ratio of 0.56 and a beta of 1.05. International Paper Company has a 52 week low of $43.27 and a 52 week high of $60.36.

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International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.64 billion. During the same period last year, the firm posted $0.55 EPS. The business's quarterly revenue was up 42.9% on a year-over-year basis. On average, equities analysts predict that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, August 15th. International Paper's payout ratio is presently -1,850.00%.

International Paper 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.

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