Y Intercept Hong Kong Ltd Invests $2.05 Million in International Paper (NYSE:IP)

Y Intercept Hong Kong Ltd acquired a new position in shares of International Paper (NYSE:IP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,033 shares of the basic materials company’s stock, valued at approximately $2,047,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in IP. Sequoia Financial Advisors LLC raised its stake in shares of International Paper by 10.4% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,149 shares of the basic materials company’s stock worth $300,000 after purchasing an additional 579 shares in the last quarter. Private Advisor Group LLC raised its stake in International Paper by 11.0% in the 3rd quarter. Private Advisor Group LLC now owns 44,725 shares of the basic materials company’s stock valued at $2,185,000 after acquiring an additional 4,420 shares during the period. International Assets Investment Management LLC raised its stake in International Paper by 4,735.0% in the 3rd quarter. International Assets Investment Management LLC now owns 418,133 shares of the basic materials company’s stock valued at $20,426,000 after acquiring an additional 409,485 shares during the period. Assenagon Asset Management S.A. raised its stake in International Paper by 14.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 17,831 shares of the basic materials company’s stock valued at $871,000 after acquiring an additional 2,218 shares during the period. Finally, Ballentine Partners LLC bought a new stake in International Paper in the 3rd quarter valued at $224,000. Institutional investors own 81.95% of the company’s stock.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the sale, the director now owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.55% of the stock is currently owned by insiders.

International Paper Stock Performance

Shares of NYSE IP opened at $55.33 on Tuesday. 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 stock’s fifty day moving average price is $55.58 and its two-hundred day moving average price is $52.81. International Paper has a one year low of $33.16 and a one year high of $60.36. The firm has a market cap of $19.22 billion, a price-to-earnings ratio of 35.24, a P/E/G ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. On average, equities analysts forecast that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.34%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s payout ratio is presently 117.83%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IP shares. Royal Bank of Canada restated an “outperform” rating and issued a $64.00 price target on shares of International Paper in a research note on Friday, January 31st. Bank of America started coverage on International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. BNP Paribas cut International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research note on Wednesday, November 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $64.00 price objective (down from $65.00) on shares of International Paper in a report on Friday, January 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $51.88.

International Paper 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.