12,561 Shares in International Paper (NYSE:IP) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB purchased a new stake in shares of International Paper (NYSE:IP) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 12,561 shares of the basic materials company’s stock, valued at approximately $614,000.

A number of other large investors have also recently bought and sold shares of the business. World Investment Advisors LLC increased its stake in shares of International Paper by 6.1% in the 3rd quarter. World Investment Advisors LLC now owns 9,191 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 529 shares in the last quarter. Bard Financial Services Inc. bought a new stake in International Paper in the third quarter valued at $305,000. Toronto Dominion Bank increased its stake in International Paper by 15.0% in the third quarter. Toronto Dominion Bank now owns 114,836 shares of the basic materials company’s stock valued at $5,610,000 after purchasing an additional 14,962 shares in the last quarter. Coldstream Capital Management Inc. boosted its position in shares of International Paper by 13.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 7,567 shares of the basic materials company’s stock worth $379,000 after purchasing an additional 898 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of International Paper by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company’s stock valued at $407,463,000 after buying an additional 99,720 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $48.08, for a total value of $28,848.00. Following the sale, the director now directly owns 38,945 shares in the company, valued at approximately $1,872,475.60. The trade was a 1.52 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 3,000 shares of company stock valued at $158,904. 0.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada raised 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. Truist Financial restated a “buy” rating and set a $61.00 price target (up previously from $57.00) on shares of International Paper in a research note on Friday, November 1st. Finally, BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective on the stock. in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $51.54.

International Paper Stock Performance

NYSE IP opened at $55.54 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. The company has a fifty day moving average price of $53.95 and a 200-day moving average price of $49.02. International Paper has a 1 year low of $32.70 and a 1 year high of $60.36. The firm has a market cap of $19.30 billion, a price-to-earnings ratio of 47.47 and a beta of 1.02.

International Paper (NYSE:IP) last issued its quarterly earnings results 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. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. International Paper’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share. As a group, equities research analysts predict that International Paper will post 1.18 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.85 annualized dividend and a dividend yield of 3.33%. International Paper’s payout ratio is currently 158.12%.

International Paper 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.