Stephens Inc. AR Raises Stock Holdings in International Paper (NYSE:IP)

Stephens Inc. AR boosted its holdings in shares of International Paper (NYSE:IPFree Report) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,282 shares of the basic materials company’s stock after purchasing an additional 333 shares during the quarter. Stephens Inc. AR’s holdings in International Paper were worth $2,261,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IP. Bank of New York Mellon Corp boosted its position in International Paper by 133.7% during the second quarter. Bank of New York Mellon Corp now owns 14,214,754 shares of the basic materials company’s stock worth $613,367,000 after purchasing an additional 8,132,332 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of International Paper by 35.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 21,135,702 shares of the basic materials company’s stock valued at $824,716,000 after acquiring an additional 5,492,035 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of International Paper in the second quarter worth approximately $119,012,000. Samlyn Capital LLC acquired a new stake in shares of International Paper in the second quarter worth approximately $88,966,000. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of International Paper in the second quarter worth approximately $81,187,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insider Buying and Selling at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total value of $32,100.00. Following the completion of the sale, the director now directly owns 38,345 shares of the company’s stock, valued at approximately $2,051,457.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Clay R. Ellis sold 9,000 shares of International Paper stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total value of $439,470.00. Following the completion of the sale, the senior vice president now directly owns 49,832 shares of the company’s stock, valued at approximately $2,433,296.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $53.50, for a total value of $32,100.00. Following the completion of the sale, the director now directly owns 38,345 shares of the company’s stock, valued at $2,051,457.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,440 shares of company stock worth $938,486 over the last quarter. 0.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

IP has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “buy” rating and issued a $61.00 price target (up from $57.00) on shares of International Paper in a research note on Friday. Stifel Nicolaus initiated coverage on International Paper in a research note on Tuesday, July 9th. They issued a “hold” rating and a $48.70 price target on the stock. Royal Bank of Canada lifted their price target on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research note on Friday. Wells Fargo & Company lifted their price target on International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, August 14th. Three analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.96.

View Our Latest Report on International Paper

International Paper Price Performance

NYSE:IP opened at $55.77 on Monday. International Paper has a 52 week low of $31.76 and a 52 week high of $56.26. The company has a quick ratio of 1.17, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $19.37 billion, a P/E ratio of 47.67 and a beta of 1.02. The stock’s fifty day moving average is $48.48 and its two-hundred day moving average is $45.06.

International Paper (NYSE:IPGet Free Report) last posted its earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the business earned $0.64 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts expect that International Paper will post 1.54 EPS for the current year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.85 dividend on an annualized basis and a yield of 3.32%. International Paper’s dividend payout ratio is currently 158.12%.

International Paper Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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