International Paper (NYSE:IP) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC increased its holdings in shares of International Paper (NYSE:IP) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,249 shares of the basic materials company’s stock after acquiring an additional 524 shares during the quarter. Private Advisor Group LLC’s holdings in International Paper were worth $2,435,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brooklyn Investment Group acquired a new position in shares of International Paper during the third quarter valued at $25,000. Sierra Ocean LLC bought a new stake in International Paper in the 4th quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new position in International Paper during the 3rd quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in International Paper in the 3rd quarter worth about $28,000. Finally, Versant Capital Management Inc increased its stake in shares of International Paper by 313.3% in the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 448 shares during the period. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Down 0.4 %

NYSE IP opened at $55.33 on Tuesday. The company has a market capitalization of $19.22 billion, a P/E ratio of 35.24, a PEG ratio of 0.39 and a beta of 1.02. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The company’s 50 day simple moving average is $55.58 and its 200 day simple moving average is $52.81.

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%. Equities research analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 yield of 3.34%. The ex-dividend date is Monday, February 24th. International Paper’s dividend payout ratio is presently 117.84%.

Analyst Upgrades and Downgrades

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

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction 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 transaction, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.55% of the stock is currently owned by insiders.

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.