International Paper Co (NYSE:IP) SVP Jeanmichel Ribieras Sells 11,000 Shares

International Paper Co (NYSE:IP) SVP Jeanmichel Ribieras sold 11,000 shares of the company’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $43.74, for a total transaction of $481,140.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

NYSE:IP opened at $43.45 on Friday. The firm has a market cap of $17.15 billion, a price-to-earnings ratio of 14.15 and a beta of 1.56. The company has a current ratio of 0.77, a quick ratio of 0.51 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average is $44.12 and its two-hundred day moving average is $43.00. International Paper Co has a 12-month low of $36.45 and a 12-month high of $48.24.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.02 by $0.07. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.60 billion. International Paper had a net margin of 5.47% and a return on equity of 23.49%. The company’s revenue was down 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.65 EPS. On average, equities research analysts forecast that International Paper Co will post 3.08 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 21st will be issued a dividend of $0.5125 per share. The ex-dividend date is Thursday, February 20th. This represents a $2.05 annualized dividend and a dividend yield of 4.72%. International Paper’s payout ratio is currently 46.28%.

A number of equities analysts have recently weighed in on IP shares. Royal Bank of Canada set a $43.00 price target on shares of International Paper and gave the stock a “hold” rating in a research note on Friday, November 1st. KeyCorp reaffirmed a “sell” rating and set a $38.00 price target on shares of International Paper in a research note on Thursday, October 31st. Exane BNP Paribas started coverage on shares of International Paper in a research report on Monday, December 2nd. They issued an “outperform” rating and a $53.00 price objective on the stock. Credit Suisse Group started coverage on shares of International Paper in a report on Friday. They issued a “neutral” rating on the stock. Finally, Citigroup reduced their target price on shares of International Paper from $45.00 to $43.00 and set a “neutral” rating on the stock in a report on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $45.27.

Several hedge funds have recently made changes to their positions in IP. Hotchkis & Wiley Capital Management LLC increased its position in International Paper by 8.5% during the 4th quarter. Hotchkis & Wiley Capital Management LLC now owns 7,267,586 shares of the basic materials company’s stock worth $334,672,000 after purchasing an additional 567,026 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in International Paper by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,340,301 shares of the basic materials company’s stock worth $153,821,000 after purchasing an additional 63,529 shares in the last quarter. Stifel Financial Corp increased its position in International Paper by 0.7% during the 4th quarter. Stifel Financial Corp now owns 1,748,535 shares of the basic materials company’s stock worth $80,503,000 after purchasing an additional 11,877 shares in the last quarter. Bank of Montreal Can increased its position in International Paper by 6.9% during the 4th quarter. Bank of Montreal Can now owns 1,625,741 shares of the basic materials company’s stock worth $74,865,000 after purchasing an additional 105,570 shares in the last quarter. Finally, Pictet Asset Management Ltd. increased its position in International Paper by 17.1% during the 4th quarter. Pictet Asset Management Ltd. now owns 1,075,563 shares of the basic materials company’s stock worth $49,530,000 after purchasing an additional 156,805 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Read More: Resistance Level

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

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.