Capital International Sarl Purchases 40,786 Shares of International Paper Company $IP

Capital International Sarl raised its position in International Paper Company (NYSE:IP) by 79.2% in the 4th quarter, Holdings Channel reports. The firm owned 92,304 shares of the basic materials company’s stock after buying an additional 40,786 shares during the quarter. Capital International Sarl’s holdings in International Paper were worth $3,636,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. McIlrath & Eck LLC lifted its holdings in shares of International Paper by 452.6% during the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 525 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of International Paper by 94.0% during the 4th quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 344 shares during the last quarter. Kelleher Financial Advisors bought a new stake in shares of International Paper during the 3rd quarter worth $36,000. MCF Advisors LLC lifted its holdings in shares of 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 acquiring an additional 229 shares during the last quarter. Finally, Laurel Wealth Advisors LLC bought a new stake in shares of International Paper during the 4th quarter worth $37,000. 81.95% of the stock is owned by institutional investors.

Insider Transactions at International Paper

In other news, Director Anders Gustafsson acquired 13,217 shares of the firm’s stock in a transaction on Thursday, March 12th. The shares were purchased at an average price of $37.83 per share, for a total transaction of $499,999.11. Following the completion of the transaction, the director owned 26,092 shares of the company’s stock, valued at $987,060.36. The trade was a 102.66% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott Tozier acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average price of $31.30 per share, for a total transaction of $313,000.00. Following the transaction, the director directly owned 10,025 shares of the company’s stock, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 36,092 shares of company stock worth $1,313,064 in the last 90 days. Corporate insiders own 0.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on IP. Royal Bank Of Canada dropped their price objective on shares of International Paper from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 1st. JPMorgan Chase & Co. dropped their price objective on shares of International Paper from $46.00 to $43.00 and set a “neutral” rating for the company in a report on Friday, May 1st. Zacks Research downgraded shares of International Paper from a “hold” rating to a “strong sell” rating in a report on Thursday, April 23rd. Truist Financial dropped their price objective on shares of International Paper from $48.00 to $44.00 and set a “buy” rating for the company in a report on Wednesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of International Paper in a report on Wednesday, April 1st. They set a “hold” rating and a $38.00 price objective for the company. 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. Based on data from MarketBeat, International Paper presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.73.

International Paper Price Performance

Shares of NYSE:IP opened at $33.66 on Monday. The stock has a market cap of $17.82 billion, a PE ratio of -5.29 and a beta of 0.96. The company’s fifty day moving average is $33.76 and its 200 day moving average is $38.38. International Paper Company has a 52 week low of $29.26 and a 52 week high of $56.13. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55.

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

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 22nd will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Friday, May 22nd. International Paper’s dividend payout ratio (DPR) is presently -29.09%.

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.