Advisors Preferred LLC Makes New Investment in International Paper (NYSE:IP)

Advisors Preferred LLC acquired a new stake in International Paper (NYSE:IP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 26,944 shares of the basic materials company’s stock, valued at approximately $1,432,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kingsview Wealth Management LLC lifted its position in International Paper by 32.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 6,268 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 1,537 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of International Paper by 23.1% during the fourth quarter. Apollon Wealth Management LLC now owns 11,873 shares of the basic materials company’s stock worth $639,000 after purchasing an additional 2,230 shares in the last quarter. Golden State Wealth Management LLC purchased a new position in shares of International Paper in the fourth quarter valued at $101,000. Tobam acquired a new stake in shares of International Paper in the 4th quarter valued at about $89,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of International Paper by 1.7% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,070 shares of the basic materials company’s stock worth $2,318,000 after purchasing an additional 715 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

IP has been the topic of a number of recent research reports. Truist Financial restated a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Friday, January 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $51.88.

International Paper Stock Performance

International Paper stock opened at $56.15 on Friday. The firm’s 50 day simple moving average is $55.73 and its 200-day simple moving average is $51.88. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. 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 company has a market cap of $19.51 billion, a P/E ratio of 35.76 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 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 predict that International Paper will post 2.89 EPS for the current year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s dividend payout ratio is 117.84%.

Insiders Place Their Bets

In related news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the transaction, the director now owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

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.