SG Americas Securities LLC Has $1.23 Million Position in International Paper (NYSE:IP)

SG Americas Securities LLC decreased its stake in shares of International Paper (NYSE:IP - Free Report) by 44.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,814 shares of the basic materials company's stock after selling 18,136 shares during the quarter. SG Americas Securities LLC's holdings in International Paper were worth $1,228,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IP. First Horizon Advisors Inc. grew its holdings in International Paper by 5.7% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,282 shares of the basic materials company's stock valued at $160,000 after buying an additional 177 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock valued at $86,000 after acquiring an additional 205 shares during the period. Empirical Finance LLC increased its stake in International Paper by 1.9% during the third quarter. Empirical Finance LLC now owns 12,270 shares of the basic materials company's stock worth $599,000 after purchasing an additional 224 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in International Paper by 20.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,396 shares of the basic materials company's stock worth $68,000 after buying an additional 239 shares during the period. Finally, OneDigital Investment Advisors LLC raised its stake in shares of International Paper by 5.7% in the third quarter. OneDigital Investment Advisors LLC now owns 5,824 shares of the basic materials company's stock valued at $284,000 after acquiring an additional 314 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Truist Financial boosted their target price on shares of International Paper from $61.00 to $65.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Royal Bank of Canada increased 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 downgraded shares of International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 price objective for the company. in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, International Paper has a consensus rating of "Moderate Buy" and a consensus target price of $51.99.

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $56.19, for a total transaction of $33,714.00. Following the transaction, the director now owns 37,745 shares of the company's stock, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders sold 1,800 shares of company stock valued at $100,848. Corporate insiders own 0.55% of the company's stock.

International Paper Stock Down 0.3 %

International Paper stock traded down $0.19 during midday trading on Tuesday, hitting $59.10. The stock had a trading volume of 6,894,529 shares, compared to its average volume of 4,968,161. The business has a fifty day moving average price of $56.17 and a 200 day moving average price of $51.35. International Paper has a 12 month low of $32.70 and a 12 month high of $60.36. The stock has a market cap of $20.53 billion, a P/E ratio of 50.51 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP - Get Free Report) last announced 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. 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 business earned $0.64 EPS. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Research analysts predict that International Paper will post 1.18 EPS for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.13%. International Paper's dividend payout ratio (DPR) is currently 158.12%.

About International Paper

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.