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

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

Several other large investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new position in shares of International Paper in the 1st quarter valued at $292,000. Janney Montgomery Scott LLC grew its stake in International Paper by 20.0% in the first quarter. Janney Montgomery Scott LLC now owns 105,061 shares of the basic materials company’s stock valued at $4,100,000 after acquiring an additional 17,516 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of International Paper in the first quarter worth about $86,000. Daiwa Securities Group Inc. raised its position in shares of International Paper by 21.6% during the first quarter. Daiwa Securities Group Inc. now owns 37,201 shares of the basic materials company’s stock worth $1,452,000 after purchasing an additional 6,605 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of International Paper by 301.9% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,003 shares of the basic materials company’s stock valued at $1,405,000 after purchasing an additional 27,044 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Up 2.2 %

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

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The company had revenue of $4.69 billion during the quarter, compared to the consensus estimate of $4.70 billion. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. On average, analysts expect that International Paper will post 1.51 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis 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%.

Insider Buying and Selling at International Paper

In other International Paper news, SVP Clay R. Ellis sold 9,000 shares of the firm’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total transaction of $439,470.00. Following the completion of the sale, the senior vice president now owns 49,832 shares of the company’s stock, valued at $2,433,296.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $46.10, for a total transaction of $27,660.00. Following the completion of the sale, the director now owns 41,002 shares in the company, valued at $1,890,192.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Clay R. Ellis sold 9,000 shares of the stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total value of $439,470.00. Following the transaction, the senior vice president now owns 49,832 shares in the company, valued at approximately $2,433,296.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,440 shares of company stock worth $938,486 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, August 14th. Stifel Nicolaus started coverage on shares of International Paper in a research report on Tuesday, July 9th. They set a “hold” rating and a $48.70 price objective for the company. Wells Fargo & Company boosted their price objective on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, July 25th. Truist Financial reissued a “buy” rating and issued a $61.00 price target (up previously from $57.00) on shares of International Paper in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their price target on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.