International Paper (NYSE:IP) Shares Sold by Cowa LLC

Cowa LLC reduced its holdings in shares of International Paper (NYSE:IP) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,469 shares of the basic materials company’s stock after selling 625 shares during the quarter. Cowa LLC’s holdings in International Paper were worth $671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. lifted its holdings in shares of International Paper by 28.7% in the 4th quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company’s stock valued at $1,794,000 after purchasing an additional 7,424 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of International Paper in the 3rd quarter valued at about $24,327,000. Aptus Capital Advisors LLC lifted its holdings in shares of International Paper by 15.1% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock valued at $292,000 after purchasing an additional 785 shares during the last quarter. Wedmont Private Capital purchased a new stake in shares of International Paper in the 4th quarter valued at about $376,000. Finally, Curi RMB Capital LLC purchased a new stake in shares of International Paper in the 3rd quarter valued at about $4,870,000. 81.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IP has been the subject of several research reports. Bank of America initiated coverage on International Paper in a report on Thursday, February 13th. They issued a “neutral” rating for the company. BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a report on Wednesday, November 13th. Truist Financial reissued a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a report on Friday, January 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 target price on shares of International Paper in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, International Paper presently has an average rating of “Moderate Buy” and an average price target of $51.88.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the transaction, the director now directly owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.55% of the company’s stock.

International Paper Stock Down 0.8 %

IP opened at $55.62 on Friday. The business has a 50 day moving average price of $55.59 and a two-hundred day moving average price of $52.55. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market cap of $19.32 billion, a PE ratio of 35.43, a P/E/G ratio of 0.39 and a beta of 1.02. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36.

International Paper (NYSE:IP) last issued its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. As a group, research analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date is Monday, February 24th. International Paper’s dividend payout ratio (DPR) is 117.84%.

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.