Savant Capital LLC Purchases 2,282 Shares of International Paper (NYSE:IP)

Savant Capital LLC boosted its holdings in shares of International Paper (NYSE:IP) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,129 shares of the basic materials company’s stock after acquiring an additional 2,282 shares during the quarter. Savant Capital LLC’s holdings in International Paper were worth $1,998,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of International Paper by 28.7% during 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 in the last quarter. Lord Abbett & CO. LLC bought a new position in International Paper during the third quarter valued at about $24,327,000. Aptus Capital Advisors LLC lifted its position in shares of International Paper by 15.1% in the third quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock worth $292,000 after buying an additional 785 shares during the last quarter. Wedmont Private Capital bought a new stake in shares of International Paper during the 4th quarter worth about $376,000. Finally, Curi RMB Capital LLC acquired a new position in shares of International Paper during the 3rd quarter valued at about $4,870,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $58.39, for a total value of $35,034.00. Following the completion of the transaction, the director now owns 37,145 shares in the company, 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 can be accessed through the SEC website. 0.55% of the stock is owned by insiders.

International Paper Trading Down 1.8 %

Shares of IP stock opened at $54.66 on Thursday. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The firm’s fifty day simple moving average is $55.55 and its 200 day simple moving average is $52.15. The firm has a market capitalization of $18.99 billion, a P/E ratio of 34.82 and a beta of 1.02.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts predict that International Paper will post 2.89 EPS for the current 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 given a $0.4625 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.38%. International Paper’s dividend payout ratio is currently 117.84%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a report on Friday, January 31st. Truist Financial reissued a “buy” rating and issued a $64.00 price target (down previously from $65.00) on shares of International Paper in a research report on Friday, January 31st. Finally, BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a report on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $51.88.

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.