Strategic Advisors LLC Has $2.35 Million Stake in International Paper (NYSE:IP)

Strategic Advisors LLC decreased its stake in shares of International Paper (NYSE:IP - Free Report) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,660 shares of the basic materials company's stock after selling 4,540 shares during the period. Strategic Advisors LLC's holdings in International Paper were worth $2,350,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. FMR LLC grew its position in International Paper by 88.4% in the third quarter. FMR LLC now owns 17,839,237 shares of the basic materials company's stock valued at $871,447,000 after purchasing an additional 8,370,273 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in International Paper by 511.1% in the third quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company's stock valued at $145,106,000 after acquiring an additional 2,484,386 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its stake in International Paper by 125.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,235,846 shares of the basic materials company's stock valued at $206,921,000 after acquiring an additional 2,354,341 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in International Paper in the third quarter valued at $84,526,000. Finally, Artemis Investment Management LLP lifted its stake in International Paper by 147.2% in the fourth quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company's stock valued at $108,706,000 after acquiring an additional 1,202,632 shares during the last quarter. Institutional investors own 81.95% of the company's stock.

International Paper Price Performance

IP stock traded down $1.05 during mid-day trading on Thursday, hitting $56.10. The stock had a trading volume of 5,946,671 shares, compared to its average volume of 11,890,983. The firm has a market capitalization of $19.49 billion, a P/E ratio of 35.73, a P/E/G ratio of 0.39 and a beta of 1.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The firm has a fifty day simple moving average of $55.57 and a 200 day simple moving average of $52.52. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36.

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

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Monday, February 24th. International Paper's dividend payout ratio (DPR) is presently 117.84%.

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the sale, the director now directly owns 37,145 shares in the company, valued at $2,168,896.55. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.55% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. BNP Paribas cut shares of 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. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a "neutral" rating for the company. Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a research note on Friday, January 31st. Finally, Truist Financial reiterated a "buy" rating and issued a $64.00 price objective (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $51.88.

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.