International Paper (NYSE:IP) VP Holly G. Goughnour Sells 5,000 Shares

International Paper (NYSE:IP) VP Holly G. Goughnour sold 5,000 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $47.22, for a total value of $236,100.00. Following the sale, the vice president now owns 16,788 shares of the company’s stock, valued at $792,729.36. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

International Paper Trading Down 0.9 %

International Paper stock traded down $0.41 during mid-day trading on Friday, hitting $47.11. 3,593,483 shares of the stock were exchanged, compared to its average volume of 5,519,839. The firm’s fifty day simple moving average is $45.84 and its two-hundred day simple moving average is $41.65. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. International Paper has a 12 month low of $31.76 and a 12 month high of $49.24. The stock has a market capitalization of $16.36 billion, a price-to-earnings ratio of 96.98 and a beta of 1.04.

International Paper (NYSE:IP) last issued its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.14. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Analysts forecast that International Paper will post 1.55 EPS for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.85 dividend on an annualized basis and a yield of 3.93%. International Paper’s payout ratio is currently 377.55%.

Institutional Trading of International Paper

Several large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new stake in International Paper in the second quarter valued at approximately $26,000. MCF Advisors LLC increased its stake in International Paper by 1,094.7% during the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 624 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of International Paper by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock valued at $25,000 after buying an additional 475 shares in the last quarter. Crewe Advisors LLC acquired a new position in shares of International Paper during the first quarter valued at about $29,000. Finally, Assetmark Inc. boosted its position in shares of International Paper by 309.0% during the fourth quarter. Assetmark Inc. now owns 859 shares of the basic materials company’s stock valued at $31,000 after buying an additional 649 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IP shares. Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a report on Friday, June 28th. Royal Bank of Canada boosted their price objective on International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus initiated coverage on International Paper in a research report on Tuesday, July 9th. They issued a “hold” rating and a $48.70 target price for the company. Truist Financial boosted their price target on International Paper from $52.00 to $55.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their price objective on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, International Paper has an average rating of “Moderate Buy” and an average target price of $50.21.

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.