International Paper (NYSE:IP) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its holdings in International Paper (NYSE:IP) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,568 shares of the basic materials company’s stock after selling 61,640 shares during the quarter. International Paper comprises approximately 1.2% of WINTON GROUP Ltd’s investment portfolio, making the stock its 8th largest holding. WINTON GROUP Ltd owned 0.09% of International Paper worth $17,684,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group purchased a new stake in International Paper in the 3rd quarter worth approximately $25,000. Sierra Ocean LLC purchased a new stake in International Paper during the fourth quarter worth $26,000. Centricity Wealth Management LLC acquired a new stake in International Paper during the fourth quarter valued at $26,000. Legacy Investment Solutions LLC purchased a new position in International Paper in the third quarter valued at $28,000. Finally, Picton Mahoney Asset Management raised its position in shares of International Paper by 67.0% in the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 215 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Truist Financial restated a “buy” rating and set a $64.00 price target (down previously from $65.00) on shares of International Paper in a research report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on International Paper in a report on Thursday, March 20th. They set an “overweight” rating and a $59.00 target price for the company. Citigroup began coverage on International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a research note on Wednesday. Finally, StockNews.com raised shares of International Paper from a “hold” rating to a “buy” rating in a research note on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, International Paper has an average rating of “Moderate Buy” and a consensus target price of $55.32.

International Paper Stock Performance

NYSE:IP opened at $55.65 on Thursday. The company has a market cap of $29.28 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36. The company has a fifty day simple moving average of $54.96 and a two-hundred day simple moving average of $53.62.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.4625 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.32%. International Paper’s dividend payout ratio is currently 117.83%.

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.