American Capital Advisory LLC Buys 1,000 Shares of International Paper (NYSE:IP)

American Capital Advisory LLC raised its stake in International Paper (NYSE:IP) by 12.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,738 shares of the basic materials company’s stock after purchasing an additional 1,000 shares during the period. American Capital Advisory LLC’s holdings in International Paper were worth $427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD raised its stake in shares of International Paper by 35.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,135,702 shares of the basic materials company’s stock valued at $824,716,000 after purchasing an additional 5,492,035 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of International Paper by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 14,214,754 shares of the basic materials company’s stock valued at $613,367,000 after buying an additional 8,132,332 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of International Paper during the 2nd quarter worth about $119,012,000. Samlyn Capital LLC acquired a new stake in shares of International Paper during the 2nd quarter valued at about $88,966,000. Finally, Diamond Hill Capital Management Inc. bought a new stake in International Paper in the second quarter valued at about $81,187,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

Shares of IP stock traded up $1.28 during trading hours on Wednesday, hitting $58.84. 1,252,539 shares of the company’s stock were exchanged, compared to its average volume of 5,345,851. The stock’s 50-day moving average is $48.81 and its 200-day moving average is $45.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. International Paper has a 52 week low of $31.76 and a 52 week high of $59.52. The stock has a market cap of $20.44 billion, a price-to-earnings ratio of 50.30 and a beta of 1.02.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the prior year, the firm earned $0.64 EPS. The company’s revenue was up 1.6% on a year-over-year basis. As a group, research analysts forecast that International Paper will post 1.51 EPS for the current year.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, November 15th. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

Insiders Place Their Bets

In other news, VP Holly G. Goughnour sold 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $47.22, for a total transaction of $236,100.00. Following the completion of the sale, the vice president now owns 16,788 shares in the company, valued at $792,729.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other International Paper news, VP Holly G. Goughnour sold 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $47.22, for a total transaction of $236,100.00. Following the completion of the sale, the vice president now directly owns 16,788 shares of the company’s stock, valued at approximately $792,729.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $46.10, for a total transaction of $27,660.00. Following the transaction, the director now owns 41,002 shares in the company, valued at approximately $1,890,192.20. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,440 shares of company stock valued at $938,486. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

IP has been the subject of a number of analyst reports. Argus upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, August 14th. Stifel Nicolaus started coverage on International Paper in a research report on Tuesday, July 9th. They set a “hold” rating and a $48.70 target price for the company. Royal Bank of Canada upped their price target on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company increased their price objective on International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Finally, 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. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, International Paper currently has a consensus rating of “Moderate Buy” and an average price target of $51.96.

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.