International Paper (NYSE:IP) Shares Bought by SageView Advisory Group LLC

SageView Advisory Group LLC raised its stake in International Paper (NYSE:IP) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,688 shares of the basic materials company’s stock after acquiring an additional 1,944 shares during the period. SageView Advisory Group LLC’s holdings in International Paper were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of IP. Teacher Retirement System of Texas boosted its stake in International Paper by 57.0% in the third quarter. Teacher Retirement System of Texas now owns 39,389 shares of the basic materials company’s stock valued at $1,397,000 after acquiring an additional 14,294 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of International Paper by 4.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 155,962 shares of the basic materials company’s stock worth $5,532,000 after buying an additional 7,150 shares during the period. NBC Securities Inc. acquired a new stake in shares of International Paper during the third quarter worth about $99,000. Ieq Capital LLC acquired a new stake in shares of International Paper during the third quarter worth about $244,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in shares of International Paper during the third quarter worth about $66,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IP shares. Wells Fargo & Company decreased their target price on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $43.00 target price on shares of International Paper in a research note on Friday, February 2nd. Truist Financial reissued a “buy” rating and set a $40.00 price target on shares of International Paper in a report on Wednesday, April 17th. Argus cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and increased their price target for the stock from $37.00 to $42.00 in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.14.

Insider Buying and Selling at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total value of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares in the company, valued at $2,414,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 9,400 shares of company stock valued at $334,570. Corporate insiders own 0.55% of the company’s stock.

International Paper Price Performance

International Paper stock traded up $1.30 during mid-day trading on Friday, reaching $45.46. The company had a trading volume of 9,638,081 shares, compared to its average volume of 7,872,275. International Paper has a 1 year low of $29.00 and a 1 year high of $46.10. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 1.22. The company has a market capitalization of $15.79 billion, a P/E ratio of 92.78 and a beta of 1.01. The stock’s 50-day simple moving average is $38.17 and its 200-day simple moving average is $36.54.

International Paper (NYSE:IP) last issued its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). International Paper had a net margin of 0.93% and a return on equity of 7.45%. The company had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.56 billion. During the same period last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities analysts predict that International Paper will post 1.9 EPS for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 24th will be issued a $0.4625 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.85 dividend on an annualized basis and a yield of 4.07%. International Paper’s dividend payout ratio (DPR) is presently 377.55%.

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.