Courier Capital LLC Takes $225,000 Position in International Paper (NYSE:IP)

Courier Capital LLC acquired a new position in shares of International Paper (NYSE:IP) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,600 shares of the basic materials company’s stock, valued at approximately $225,000.

Several other large investors have also made changes to their positions in the company. BetterWealth LLC acquired a new stake in shares of International Paper during the 3rd quarter valued at $220,000. Greenleaf Trust boosted its stake in shares of International Paper by 13.6% in the 3rd quarter. Greenleaf Trust now owns 8,452 shares of the basic materials company’s stock valued at $413,000 after purchasing an additional 1,009 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its holdings in International Paper by 10.5% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,799 shares of the basic materials company’s stock worth $284,000 after acquiring an additional 551 shares during the period. Private Advisor Group LLC increased its holdings in International Paper by 11.0% in the third quarter. Private Advisor Group LLC now owns 44,725 shares of the basic materials company’s stock worth $2,185,000 after purchasing an additional 4,420 shares in the last quarter. Finally, Symphony Financial Ltd. Co. increased its stake in shares of International Paper by 11.9% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 29,210 shares of the basic materials company’s stock valued at $1,427,000 after acquiring an additional 3,095 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on IP shares. Seaport Res Ptn upgraded shares of International Paper from a “hold” rating to a “strong-buy” rating in a report on Friday, June 28th. Royal Bank of Canada upped their price objective on shares of International Paper from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Wells Fargo & Company lifted their price target on International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Stifel Nicolaus started coverage on International Paper in a report on Tuesday, July 9th. They issued a “hold” rating and a $48.70 price target on the stock. Finally, Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $50.46.

Insider Buying and Selling at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $46.10, for a total value of $27,660.00. Following the transaction, the director now owns 41,002 shares in the company, valued at approximately $1,890,192.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $46.10, for a total transaction of $27,660.00. Following the transaction, the director now directly owns 41,002 shares of the company’s stock, valued at $1,890,192.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph R. Saab sold 2,440 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $47.30, for a total value of $115,412.00. Following the sale, the senior vice president now owns 18,668 shares of the company’s stock, valued at approximately $882,996.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,440 shares of company stock worth $934,142. 0.55% of the stock is owned by insiders.

International Paper Stock Down 0.8 %

Shares of NYSE IP opened at $48.64 on Friday. International Paper has a 12 month low of $31.76 and a 12 month high of $50.68. The company has a current ratio of 1.59, a quick ratio of 1.17 and a debt-to-equity ratio of 0.62. The firm has a fifty day simple moving average of $48.10 and a two-hundred day simple moving average of $44.35. The firm has a market capitalization of $16.89 billion, a PE ratio of 99.27 and a beta of 1.04.

International Paper (NYSE:IP) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The business had revenue of $4.73 billion during the quarter, compared to the consensus estimate of $4.78 billion. During the same quarter in the prior year, the company earned $0.59 earnings per share. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities analysts expect that International Paper will post 1.55 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.4625 per share. The ex-dividend date is Friday, November 15th. This represents a $1.85 annualized dividend and a dividend yield of 3.80%. International Paper’s payout ratio is 377.55%.

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.