International Paper Company $IP Shares Newly Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC bought a new position in shares of International Paper Company (NYSE:IP) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 137,670 shares of the basic materials company’s stock, valued at approximately $4,567,000.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of International Paper in the 2nd quarter valued at $1,940,896,000. Bank of New York Mellon Corp purchased a new position in shares of International Paper during the second quarter worth $689,498,000. Atlas FRM LLC acquired a new position in International Paper during the second quarter valued at $374,904,000. Hill City Capital LP acquired a new position in International Paper during the second quarter valued at $194,310,000. Finally, Bank of America Corp DE purchased a new stake in International Paper in the second quarter valued at $142,802,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Trading Down 1.5%

IP stock opened at $33.16 on Friday. The company’s 50-day simple moving average is $35.47 and its 200-day simple moving average is $35.95. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.57. International Paper Company has a 52-week low of $29.26 and a 52-week high of $50.25. The firm has a market cap of $17.56 billion, a P/E ratio of -5.09, a PEG ratio of 4.45 and a beta of 0.93.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The firm had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the firm earned $0.20 EPS. The company’s quarterly revenue was down 11.3% on a year-over-year basis. As a group, equities analysts forecast that International Paper Company will post 1.26 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be given a dividend of $0.4625 per share. The ex-dividend date is Monday, November 16th. This represents a $1.85 dividend on an annualized basis and a yield of 5.6%. International Paper’s dividend payout ratio is currently -28.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Royal Bank Of Canada increased their price target on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Citigroup decreased their price objective on International Paper from $48.00 to $47.00 and set a “buy” rating for the company in a report on Friday, October 2nd. Seaport Research Partners restated a “buy” rating and issued a $46.00 target price on shares of International Paper in a research note on Wednesday, August 12th. Wall Street Zen lowered International Paper from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Finally, Loop Capital set a $61.00 price target on International Paper in a research report on Tuesday, July 28th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and a consensus target price of $46.90.

Insider Activity at International Paper

In other International Paper news, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the sale, the chief accounting officer directly owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP William Hamic sold 24,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the completion of the sale, the vice president owned 106,952 shares of the company’s stock, valued at $4,406,422.40. This trade represents a 18.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.21% of the stock is currently owned by company insiders.

International Paper Company Profile

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.