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International Paper (NYSE:IP) Director Kathryn D. Sullivan Sells 600 Shares

International Paper logo with Basic Materials background

International Paper (NYSE:IP - Get Free Report) Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $56.19, for a total transaction of $33,714.00. Following the completion of the transaction, the director now owns 37,745 shares in the company, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

International Paper Price Performance

NYSE IP traded up $0.12 on Monday, hitting $57.70. The company had a trading volume of 3,876,339 shares, compared to its average volume of 5,327,458. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. The company's fifty day moving average price is $50.36 and its 200-day moving average price is $46.66. The company has a market capitalization of $20.05 billion, a PE ratio of 49.21 and a beta of 1.02. International Paper has a 12-month low of $31.76 and a 12-month high of $59.52.

International Paper (NYSE:IP - Get Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The business's quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 earnings per share. As a group, analysts predict that International Paper will post 1.29 earnings per share for the current year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, November 15th. International Paper's dividend payout ratio is currently 158.12%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on IP shares. Royal Bank of Canada upped their price target on shares of International Paper from $56.00 to $64.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Truist Financial restated a "buy" rating and issued a $61.00 target price (up previously from $57.00) on shares of International Paper in a research note on Friday, November 1st. Argus upgraded International Paper from a "hold" rating to a "buy" rating and set a $52.00 price target for the company in a research report on Wednesday, August 14th. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 price objective on the stock. in a research report on Wednesday, November 13th. Finally, Wells Fargo & Company lifted their target price on shares of International Paper from $43.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $51.54.

View Our Latest Report on International Paper

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IP. Brooklyn Investment Group acquired a new stake in International Paper during the third quarter worth about $25,000. Innealta Capital LLC purchased a new stake in shares of International Paper in the 2nd quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of International Paper during the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of International Paper during the 3rd quarter valued at approximately $28,000. Finally, Crewe Advisors LLC acquired a new position in International Paper in the first quarter valued at approximately $29,000. Hedge funds and other institutional investors own 81.95% of the company's stock.

International Paper Company Profile

(Get 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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Insider Buying and Selling by Quarter for International Paper (NYSE:IP)

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