Stance Capital LLC Has $2.41 Million Position in International Paper Company $IP

Stance Capital LLC grew its position in International Paper Company (NYSE:IP) by 59.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,177 shares of the basic materials company’s stock after acquiring an additional 22,761 shares during the period. Stance Capital LLC’s holdings in International Paper were worth $2,410,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC grew its holdings in International Paper by 452.6% during the fourth quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 525 shares during the period. MV Capital Management Inc. acquired a new position in International Paper during the fourth quarter worth approximately $25,000. DV Equities LLC bought a new stake in International Paper in the fourth quarter valued at approximately $29,000. Sound Income Strategies LLC raised its stake in International Paper by 94.0% in the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after buying an additional 344 shares during the period. Finally, Summit Securities Group LLC lifted its position in shares of International Paper by 115.4% in the fourth quarter. Summit Securities Group LLC now owns 784 shares of the basic materials company’s stock valued at $31,000 after buying an additional 5,875 shares during the last quarter. 81.95% of the stock is owned by institutional investors.

Insider Buying and Selling at International Paper

In other International Paper news, Director Scott Tozier bought 10,000 shares of International Paper stock in a transaction dated Friday, May 1st. The stock was bought at an average price of $31.30 per share, with a total value of $313,000.00. Following the completion of the transaction, the director owned 10,025 shares in the company, valued at $313,782.50. The trade was a 40,000.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

International Paper Price Performance

Shares of NYSE IP opened at $36.88 on Friday. The firm has a market cap of $19.53 billion, a P/E ratio of -5.80 and a beta of 0.96. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. International Paper Company has a 1-year low of $29.26 and a 1-year high of $56.13. The business’s 50 day moving average is $33.73 and its 200-day moving average is $38.19.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). The firm had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.02 billion. International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The business’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 earnings per share. Equities research analysts predict that International Paper Company will post 1.38 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.0%. International Paper’s dividend payout ratio (DPR) is currently -29.09%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Seaport Research Partners upgraded International Paper from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research note on Friday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on International Paper in a report on Wednesday, April 1st. They set a “hold” rating and a $38.00 price target for the company. Wells Fargo & Company raised shares of International Paper from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $39.00 in a research report on Monday, May 4th. Weiss Ratings downgraded shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, April 27th. Finally, Truist Financial dropped their price objective on shares of International Paper from $48.00 to $44.00 and set a “buy” rating on the stock in a research report on Wednesday, April 15th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, International Paper currently has a consensus rating of “Moderate Buy” and an average price target of $43.73.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.