Hudson Portfolio Management LLC Sells 5,590 Shares of International Paper (NYSE:IP)

Hudson Portfolio Management LLC decreased its position in International Paper (NYSE:IP - Free Report) by 56.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,250 shares of the basic materials company's stock after selling 5,590 shares during the period. Hudson Portfolio Management LLC's holdings in International Paper were worth $229,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its stake in International Paper by 28.7% in the 4th quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company's stock valued at $1,794,000 after buying an additional 7,424 shares in the last quarter. Lord Abbett & CO. LLC bought a new stake in shares of International Paper during the 3rd quarter worth $24,327,000. Wedmont Private Capital purchased a new stake in International Paper during the fourth quarter valued at about $376,000. Everence Capital Management Inc. bought a new stake in International Paper during the fourth quarter worth about $828,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of International Paper by 1.8% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 878,221 shares of the basic materials company's stock valued at $46,686,000 after purchasing an additional 15,904 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Performance

NYSE IP traded up $0.02 during trading hours on Friday, hitting $46.32. The company's stock had a trading volume of 3,511,121 shares, compared to its average volume of 8,946,266. The company's 50 day simple moving average is $52.09 and its two-hundred day simple moving average is $53.59. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The company has a market cap of $24.45 billion, a P/E ratio of 29.50, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. As a group, sell-side analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.99%. International Paper's dividend payout ratio is presently 117.83%.

Wall Street Analysts Forecast Growth

IP has been the topic of a number of analyst reports. Bank of America began coverage on shares of International Paper in a research report on Thursday, February 13th. They issued a "neutral" rating on the stock. Wells Fargo & Company reduced their price target on International Paper from $52.00 to $45.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Citigroup assumed coverage on International Paper in a research note on Wednesday, March 5th. They set a "buy" rating and a $60.00 target price on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Finally, Truist Financial reiterated a "buy" rating and issued a $64.00 price target (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.32.

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.