International Paper Company $IP Stake Reduced by Colrain Capital LLC

Colrain Capital LLC cut its holdings in International Paper Company (NYSE:IP) by 85.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,880 shares of the basic materials company’s stock after selling 106,900 shares during the quarter. International Paper comprises about 0.4% of Colrain Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Colrain Capital LLC’s holdings in International Paper were worth $744,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. MCF Advisors LLC lifted its holdings in International Paper by 36.7% during the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 229 shares during the last quarter. Rothschild Investment LLC boosted its holdings in International Paper by 4.2% in the 4th quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after purchasing an additional 242 shares during the period. International Private Wealth Advisors LLC boosted its holdings in International Paper by 4.1% in the 4th quarter. International Private Wealth Advisors LLC now owns 6,175 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 243 shares during the period. Independent Advisor Alliance boosted its holdings in International Paper by 3.3% in the 4th quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 244 shares during the period. Finally, Horizon Investments LLC boosted its holdings in International Paper by 3.3% in the 4th quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 267 shares during the period. 81.95% of the stock is currently owned by institutional investors.

International Paper Stock Performance

NYSE:IP opened at $35.11 on Friday. The stock has a fifty day moving average price of $33.59 and a 200-day moving average price of $38.30. The company has a market cap of $18.59 billion, a price-to-earnings ratio of -5.52 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 1.21. International Paper Company has a fifty-two week low of $29.26 and a fifty-two week high of $56.13.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share. As a group, equities analysts anticipate that International Paper Company will post 1.38 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Friday, May 22nd. International Paper’s dividend payout ratio is currently -29.09%.

Insider Buying and Selling at International Paper

In other International Paper news, Director Scott Tozier acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the transaction, the director directly owned 10,025 shares in the company, valued at $313,782.50. This represents a 40,000.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on IP. Seaport Research Partners raised shares of International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, May 1st. UBS Group cut their price objective on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a report on Monday, May 4th. Weiss Ratings downgraded International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, April 27th. Citigroup cut their target price on International Paper from $44.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Zacks Research downgraded International Paper from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 23rd. Nine research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.