2,000 Shares in International Paper (NYSE:IP) Acquired by Kentucky Trust Co

Kentucky Trust Co acquired a new position in International Paper (NYSE:IP) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,000 shares of the basic materials company’s stock, valued at approximately $108,000.

A number of other large investors also recently bought and sold shares of the business. Leavell Investment Management Inc. raised its stake in International Paper by 11.7% in the fourth quarter. Leavell Investment Management Inc. now owns 11,425 shares of the basic materials company’s stock worth $615,000 after buying an additional 1,200 shares in the last quarter. Savant Capital LLC raised its stake in International Paper by 6.5% in the fourth quarter. Savant Capital LLC now owns 37,129 shares of the basic materials company’s stock worth $1,998,000 after buying an additional 2,282 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of International Paper by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 212 shares in the last quarter. Advisors Preferred LLC acquired a new position in shares of International Paper during the fourth quarter worth $1,432,000. Finally, Kingsview Wealth Management LLC increased its position in shares of International Paper by 32.5% during the fourth quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the basic materials company’s stock worth $337,000 after purchasing an additional 1,537 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

Insider Buying and Selling at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction on Friday, November 29th. The shares were sold at an average price of $58.39, for a total value of $35,034.00. Following the sale, the director now directly owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.55% of the stock is owned by corporate insiders.

International Paper Price Performance

NYSE IP opened at $54.66 on Thursday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The stock’s fifty day moving average price is $55.55 and its 200 day moving average price is $52.15. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The company has a market cap of $18.99 billion, a price-to-earnings ratio of 34.82 and a beta of 1.02.

International Paper (NYSE:IP) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. As a group, equities research analysts forecast that International Paper will post 2.89 earnings per share for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.38%. The ex-dividend date is Monday, February 24th. International Paper’s payout ratio is 117.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Friday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $64.00 price target (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $51.88.

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.