International Paper (NYSE:IP) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC increased its holdings in shares of International Paper (NYSE:IP) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 84,265 shares of the basic materials company’s stock after acquiring an additional 1,210 shares during the period. International Paper makes up approximately 1.0% of Uncommon Cents Investing LLC’s portfolio, making the stock its 29th biggest holding. Uncommon Cents Investing LLC’s holdings in International Paper were worth $3,046,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Manchester Capital Management LLC acquired a new stake in International Paper in the third quarter valued at $25,000. CVA Family Office LLC acquired a new stake in International Paper in the fourth quarter valued at $27,000. Resurgent Financial Advisors LLC acquired a new stake in International Paper in the fourth quarter valued at $27,000. Venturi Wealth Management LLC grew its holdings in International Paper by 2,281.8% in the third quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 753 shares during the last quarter. Finally, Desjardins Global Asset Management Inc. grew its holdings in International Paper by 45.5% in the first quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 211 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on IP. Royal Bank of Canada reissued an “outperform” rating and issued a $43.00 target price on shares of International Paper in a report on Friday, February 2nd. Truist Financial restated a “buy” rating and issued a $40.00 price objective on shares of International Paper in a research report on Wednesday, March 20th. Citigroup upgraded International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Argus downgraded International Paper from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Finally, Bank of America upgraded International Paper from an “underperform” rating to a “buy” rating and upped their price objective for the company from $37.00 to $42.00 in a research report on Monday, March 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $37.13.

International Paper Stock Performance

International Paper stock opened at $39.02 on Friday. International Paper has a 12 month low of $29.00 and a 12 month high of $41.28. The stock’s 50-day moving average is $36.01 and its 200-day moving average is $35.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.67 and a quick ratio of 1.19. The company has a market cap of $13.51 billion, a price-to-earnings ratio of 47.59 and a beta of 0.98.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The firm had revenue of $4.60 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the firm earned $0.87 EPS. International Paper’s quarterly revenue was down 10.4% on a year-over-year basis. Equities analysts anticipate that International Paper will post 1.84 earnings per share for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 22nd were given a $0.4625 dividend. The ex-dividend date of this dividend was Wednesday, February 21st. This represents a $1.85 annualized dividend and a dividend yield of 4.74%. International Paper’s payout ratio is 225.61%.

Insider Transactions at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of International Paper stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the completion of the transaction, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last quarter, insiders sold 7,600 shares of company stock worth $264,418. 0.51% of the stock is currently owned by corporate insiders.

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.