International Paper Company $IP Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of International Paper Company (NYSE:IP) by 2,565.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 963,300 shares of the basic materials company’s stock after purchasing an additional 927,154 shares during the quarter. SG Americas Securities LLC owned approximately 0.18% of International Paper worth $45,111,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in IP. Gentry Private Wealth LLC increased its position in International Paper by 2.1% in the second quarter. Gentry Private Wealth LLC now owns 9,357 shares of the basic materials company’s stock worth $438,000 after buying an additional 188 shares during the period. Wright Investors Service Inc. increased its holdings in shares of International Paper by 2.9% in the 2nd quarter. Wright Investors Service Inc. now owns 7,226 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 201 shares during the period. Wellington Shields Capital Management LLC increased its holdings in shares of International Paper by 7.0% in the 2nd quarter. Wellington Shields Capital Management LLC now owns 3,468 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 226 shares during the period. Csenge Advisory Group lifted its position in International Paper by 1.5% in the 1st quarter. Csenge Advisory Group now owns 16,252 shares of the basic materials company’s stock valued at $867,000 after purchasing an additional 234 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in International Paper by 10.1% during the 2nd quarter. Blue Trust Inc. now owns 2,836 shares of the basic materials company’s stock valued at $133,000 after purchasing an additional 259 shares during the period. Institutional investors own 81.95% of the company’s stock.

International Paper Trading Down 1.5%

Shares of IP stock opened at $37.34 on Friday. The stock has a 50-day simple moving average of $44.48 and a 200 day simple moving average of $47.09. The stock has a market capitalization of $19.72 billion, a P/E ratio of -373.40, a P/E/G ratio of 0.54 and a beta of 1.12. International Paper Company has a fifty-two week low of $35.79 and a fifty-two week high of $60.36. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The business had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the company posted $0.33 earnings per share. International Paper’s revenue was up 56.4% compared to the same quarter last year. On average, sell-side analysts expect that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 5.0%. International Paper’s payout ratio is -70.88%.

Wall Street Analyst Weigh In

IP has been the topic of a number of recent analyst reports. Citigroup cut their price target on International Paper from $55.00 to $46.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of International Paper in a research note on Tuesday. Wells Fargo & Company reduced their price target on International Paper from $44.00 to $36.00 and set an “underweight” rating for the company in a research report on Friday, October 31st. BNP Paribas Exane lowered their price target on International Paper from $42.10 to $40.40 and set an “underperform” rating on the stock in a report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Seven analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, International Paper presently has a consensus rating of “Hold” and an average price target of $50.92.

Insider Transactions at International Paper

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total value of $409,770.00. Following the transaction, the senior vice president owned 27,673 shares of the company’s stock, valued at approximately $1,259,951.69. This represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.35% 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.