Barclays PLC Acquires 39,404 Shares of International Paper (NYSE:IP)

Barclays PLC increased its position in International Paper (NYSE:IP - Free Report) by 4.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 916,599 shares of the basic materials company's stock after buying an additional 39,404 shares during the quarter. Barclays PLC owned about 0.26% of International Paper worth $44,774,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. LRI Investments LLC lifted its holdings in International Paper by 1,551.6% in the 3rd quarter. LRI Investments LLC now owns 7,234 shares of the basic materials company's stock valued at $353,000 after acquiring an additional 6,796 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of International Paper by 1.2% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 160,736 shares of the basic materials company's stock worth $7,852,000 after purchasing an additional 1,843 shares in the last quarter. Legacy Investment Solutions LLC acquired a new stake in International Paper during the third quarter valued at approximately $28,000. Orion Portfolio Solutions LLC boosted its holdings in International Paper by 4.1% during the third quarter. Orion Portfolio Solutions LLC now owns 22,444 shares of the basic materials company's stock worth $1,096,000 after buying an additional 888 shares in the last quarter. Finally, XTX Topco Ltd grew its position in International Paper by 167.0% in the third quarter. XTX Topco Ltd now owns 61,596 shares of the basic materials company's stock worth $3,009,000 after buying an additional 38,529 shares during the last quarter. Institutional investors own 81.95% of the company's stock.

International Paper Stock Up 1.3 %

Shares of NYSE:IP traded up $0.72 during trading on Friday, reaching $55.58. 3,254,800 shares of the company traded hands, compared to its average volume of 5,211,820. International Paper has a 1-year low of $32.70 and a 1-year high of $60.36. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The firm has a market cap of $19.31 billion, a P/E ratio of 47.47 and a beta of 1.02. The firm has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $48.89.

International Paper (NYSE:IP - Get Free Report) last issued 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 firm 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 company posted $0.64 earnings per share. The business's quarterly revenue was up 1.6% compared to the same quarter last year. Analysts anticipate that International Paper will post 1.18 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, November 15th. International Paper's payout ratio is presently 158.12%.

Insider Buying and Selling at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of the business'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 completion of the sale, the director now directly owns 37,145 shares in the company, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 3,600 shares of company stock worth $188,592 over the last ninety days. 0.55% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IP. 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 report on Wednesday, November 13th. Truist Financial reaffirmed a "buy" rating and set a $61.00 target price (up from $57.00) on shares of International Paper in a report on Friday, November 1st. Finally, 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, November 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, International Paper currently has an average rating of "Moderate Buy" and an average price target of $51.54.

International Paper Company Profile

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.