International Paper (NYSE:IP) Holdings Trimmed by Strategic Advisors LLC

Strategic Advisors LLC lowered its position in shares of International Paper (NYSE:IP) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 43,660 shares of the basic materials company’s stock after selling 4,540 shares during the quarter. Strategic Advisors LLC’s holdings in International Paper were worth $2,350,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sierra Ocean LLC purchased a new stake in shares of International Paper during the fourth quarter valued at $26,000. Brooklyn Investment Group purchased a new stake in shares of International Paper during the third quarter valued at $25,000. Legacy Investment Solutions LLC purchased a new stake in shares of International Paper during the third quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new stake in shares of International Paper during the third quarter valued at $28,000. Finally, Versant Capital Management Inc lifted its holdings in shares of International Paper by 313.3% during 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 last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Performance

Shares of NYSE IP opened at $56.25 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The firm has a market cap of $19.54 billion, a price-to-earnings ratio of 35.83 and a beta of 1.02. The business’s 50-day simple moving average is $55.45 and its 200-day simple moving average is $52.30. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. As a group, equities research analysts expect that International Paper will post 2.89 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Monday, February 24th. International Paper’s dividend payout ratio (DPR) is currently 117.83%.

Insider Buying and Selling at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $58.39, for a total value of $35,034.00. Following the sale, the director now owns 37,145 shares of the company’s stock, valued at $2,168,896.55. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

IP has been the subject of several research analyst reports. Truist Financial reissued a “buy” rating and issued a $64.00 price objective (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a research note on Friday, January 31st. BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a research note on Wednesday, November 13th. Finally, Bank of America initiated coverage on International Paper in a research report on Thursday. They issued a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, International Paper has a consensus rating of “Moderate Buy” and a consensus price target 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.