International Paper (NYSE:IP) Holdings Lifted by Del Sette Capital Management LLC

Del Sette Capital Management LLC boosted its stake in shares of International Paper (NYSE:IP) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 42,196 shares of the basic materials company’s stock after buying an additional 804 shares during the period. International Paper comprises 1.6% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Del Sette Capital Management LLC’s holdings in International Paper were worth $2,061,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the company. Massmutual Trust Co. FSB ADV boosted its holdings in International Paper by 20.7% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,396 shares of the basic materials company’s stock valued at $68,000 after acquiring an additional 239 shares during the period. Retirement Systems of Alabama raised its holdings in shares of International Paper by 0.3% in the second quarter. Retirement Systems of Alabama now owns 76,616 shares of the basic materials company’s stock valued at $3,306,000 after buying an additional 246 shares during the last quarter. Altrius Capital Management Inc lifted its stake in shares of International Paper by 0.3% during the second quarter. Altrius Capital Management Inc now owns 112,487 shares of the basic materials company’s stock valued at $4,854,000 after acquiring an additional 296 shares during the period. 180 Wealth Advisors LLC grew its holdings in International Paper by 4.2% during the 2nd quarter. 180 Wealth Advisors LLC now owns 8,172 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 327 shares during the period. Finally, Assetmark Inc. increased its stake in shares of International Paper by 38.8% in the 3rd quarter. Assetmark Inc. now owns 1,184 shares of the basic materials company’s stock valued at $58,000 after acquiring an additional 331 shares during the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $53.50, for a total value of $32,100.00. Following the completion of the sale, the director now directly owns 38,345 shares in the company, valued at $2,051,457.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Joseph R. Saab sold 2,440 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $47.30, for a total value of $115,412.00. Following the sale, the senior vice president now owns 18,668 shares in the company, valued at approximately $882,996.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $53.50, for a total transaction of $32,100.00. Following the completion of the transaction, the director now owns 38,345 shares in the company, valued at $2,051,457.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,440 shares of company stock worth $938,486. 0.55% of the stock is currently owned by insiders.

International Paper Stock Down 1.8 %

IP stock opened at $57.38 on Friday. The firm has a market cap of $19.93 billion, a PE ratio of 49.04 and a beta of 1.02. International Paper has a one year low of $31.76 and a one year high of $59.52. The firm’s fifty day moving average is $49.41 and its 200 day moving average is $45.70. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53.

International Paper (NYSE:IP) last issued 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. The firm had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.70 billion. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.64 earnings per share. On average, research analysts forecast that International Paper will post 1.44 EPS for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date is Friday, November 15th. International Paper’s payout ratio is 158.12%.

Wall Street Analyst Weigh In

IP has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 25th. Truist Financial reaffirmed a “buy” rating and issued a $61.00 target price (up previously from $57.00) on shares of International Paper in a research report on Friday, November 1st. Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price objective on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, International Paper presently has a consensus rating of “Moderate Buy” and an average price target of $51.96.

International Paper Company Profile

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.