International Paper (NYSE:IP) Shares Sold by Stifel Financial Corp

Stifel Financial Corp decreased its stake in shares of International Paper (NYSE:IP - Free Report) by 75.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 452,666 shares of the basic materials company's stock after selling 1,391,952 shares during the period. Stifel Financial Corp owned 0.13% of International Paper worth $24,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in International Paper in the 4th quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new position in shares of International Paper in the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management lifted its stake in shares of International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock valued at $29,000 after buying an additional 215 shares during the period. Versant Capital Management Inc boosted its position in International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock worth $32,000 after acquiring an additional 448 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its stake in International Paper by 90.2% in the 4th quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock worth $33,000 after acquiring an additional 295 shares during the period. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Trading Up 0.2 %

Shares of IP stock traded up $0.08 during mid-day trading on Monday, reaching $47.43. The company's stock had a trading volume of 3,479,583 shares, compared to its average volume of 8,470,853. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $25.04 billion, a PE ratio of 30.21, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. The company's 50 day simple moving average is $50.97 and its 200-day simple moving average is $53.62. International Paper has a 12-month low of $34.18 and a 12-month high of $60.36.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) 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%. On average, research analysts predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.90%. The ex-dividend date was Monday, February 24th. International Paper's dividend payout ratio (DPR) is presently 117.83%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IP. JPMorgan Chase & Co. began coverage on International Paper in a research note on Thursday, March 20th. They set an "overweight" rating and a $59.00 price target on the stock. Truist Financial decreased their price target on International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com downgraded shares of International Paper from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Finally, Bank of America began coverage on shares of International Paper in a report on Thursday, February 13th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.77.

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.