TradeLink Capital LLC cut its stake in International Paper (NYSE:IP - Free Report) by 32.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 27,400 shares of the basic materials company's stock after selling 13,400 shares during the quarter. International Paper accounts for about 14.6% of TradeLink Capital LLC's portfolio, making the stock its biggest position. TradeLink Capital LLC's holdings in International Paper were worth $1,475,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the stock. OFI Invest Asset Management purchased a new position in shares of International Paper in the 4th quarter worth about $3,370,000. Amundi lifted its stake in International Paper by 28.7% in the fourth quarter. Amundi now owns 1,355,926 shares of the basic materials company's stock valued at $74,142,000 after purchasing an additional 302,440 shares during the last quarter. Dorsey & Whitney Trust CO LLC purchased a new stake in International Paper in the fourth quarter worth $205,000. Inceptionr LLC raised its stake in International Paper by 76.0% in the 4th quarter. Inceptionr LLC now owns 15,684 shares of the basic materials company's stock valued at $844,000 after acquiring an additional 6,772 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of International Paper during the 4th quarter valued at approximately $21,307,000. 81.95% of the stock is currently owned by institutional investors.
International Paper Stock Down 0.7 %
IP stock traded down $0.33 during trading on Thursday, hitting $50.30. 5,736,432 shares of the stock traded hands, compared to its average volume of 10,304,930. The stock has a market cap of $26.46 billion, a price-to-earnings ratio of 32.04, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The firm's 50 day moving average is $55.26 and its two-hundred day moving average is $53.30.
International Paper (NYSE:IP - Get Free Report) last posted its 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%. On average, sell-side analysts anticipate that International Paper will post 2.77 EPS for the current year.
International Paper Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.4625 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.68%. International Paper's payout ratio is 117.83%.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the company. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 target price for the company. in a report on Wednesday, November 13th. Citigroup assumed coverage on International Paper in a report on Wednesday, March 5th. They set a "buy" rating and a $60.00 price objective on the stock. Bank of America assumed coverage on shares of International Paper in a research note on Thursday, February 13th. They set a "neutral" rating on the stock. Truist Financial reissued a "buy" rating and issued a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $64.00 price target on shares of International Paper in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.86.
Read Our Latest Stock Report on International Paper
About International Paper
(
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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