International Paper Co (IP) Insider Sells $2,100,150.00 in Stock

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International Paper Co (NYSE:IP) insider Timothy S. Nicholls sold 45,000 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $46.67, for a total value of $2,100,150.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of International Paper stock traded up $0.58 on Friday, hitting $47.08. The stock had a trading volume of 1,536,936 shares, compared to its average volume of 2,610,782. International Paper Co has a twelve month low of $37.55 and a twelve month high of $61.30. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $18.83 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 0.95 and a beta of 1.58.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.04. The business had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.86 billion. International Paper had a return on equity of 30.72% and a net margin of 8.63%. As a group, equities research analysts predict that International Paper Co will post 5.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Wednesday, February 20th. International Paper’s dividend payout ratio (DPR) is currently 37.59%.

A number of equities analysts have weighed in on IP shares. Argus lowered their price target on International Paper from $70.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research report on Tuesday, December 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $55.00 target price on shares of International Paper in a research report on Tuesday, October 23rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $53.00 target price on shares of International Paper in a research report on Friday, February 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $54.58.

Several hedge funds have recently modified their holdings of IP. Bremer Trust National Association bought a new stake in shares of International Paper in the fourth quarter valued at approximately $25,000. Baldwin Brothers Inc. MA bought a new stake in shares of International Paper in the fourth quarter valued at approximately $26,000. CWM LLC boosted its stake in shares of International Paper by 81.2% in the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock valued at $30,000 after buying an additional 333 shares during the period. Proficio Capital Partners LLC boosted its stake in shares of International Paper by 94.6% in the fourth quarter. Proficio Capital Partners LLC now owns 798 shares of the basic materials company’s stock valued at $32,000 after buying an additional 388 shares during the period. Finally, Lindbrook Capital LLC bought a new stake in shares of International Paper in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 81.56% of the company’s stock.

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About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading: How to interpret a stock’s beta number

Insider Buying and Selling by Quarter for International Paper (NYSE:IP)

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