Hantz Financial Services Inc. Buys 7,245 Shares of International Paper (NYSE:IP)

Hantz Financial Services Inc. raised its stake in shares of International Paper (NYSE:IP - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,932 shares of the basic materials company's stock after purchasing an additional 7,245 shares during the period. Hantz Financial Services Inc.'s holdings in International Paper were worth $4,033,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brooklyn Investment Group bought a new position in International Paper during the third quarter worth $25,000. Ashton Thomas Securities LLC bought a new position in International Paper in the 3rd quarter valued at $28,000. Legacy Investment Solutions LLC bought a new stake in International Paper during the 3rd quarter worth about $28,000. Versant Capital Management Inc boosted its stake in International Paper by 313.3% in the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock valued at $32,000 after acquiring an additional 448 shares during the last quarter. Finally, City State Bank grew its stake in shares of International Paper by 107.7% during the fourth quarter. City State Bank now owns 675 shares of the basic materials company's stock worth $36,000 after purchasing an additional 350 shares during the period. Institutional investors own 81.95% of the company's stock.

Wall Street Analyst Weigh In

IP has been the topic of several analyst reports. Truist Financial increased their target price on shares of International Paper from $61.00 to $65.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Royal Bank of Canada lifted their price objective on International Paper from $56.00 to $64.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, BNP Paribas cut International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $51.99.

International Paper Stock Down 1.4 %

NYSE:IP opened at $57.15 on Friday. The company has a market cap of $19.85 billion, a PE ratio of 48.85 and a beta of 1.03. The stock has a 50-day simple moving average of $56.13 and a 200 day simple moving average of $51.54. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. International Paper has a 52-week low of $32.70 and a 52-week high of $60.36.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.25% and a return on equity of 6.49%. On average, sell-side analysts expect that International Paper will post 1.07 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 annualized dividend and a yield of 3.24%. International Paper's payout ratio is currently 158.12%.

Insiders Place Their Bets

In other news, Director Kathryn D. Sullivan sold 600 shares of the 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 owns 37,145 shares of the company's stock, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.55% of the company's stock.

International Paper 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.