International Paper (NYSE:IP) Shares Bought by Mather Group LLC.

Mather Group LLC. raised its holdings in shares of International Paper (NYSE:IP) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,485 shares of the basic materials company’s stock after buying an additional 1,388 shares during the quarter. Mather Group LLC.’s holdings in International Paper were worth $726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IP. Brooklyn Investment Group acquired a new stake in International Paper during the third quarter worth $25,000. Legacy Investment Solutions LLC acquired a new stake in International Paper during the third quarter worth $28,000. Ashton Thomas Securities LLC acquired a new stake in International Paper during the third quarter worth $28,000. Versant Capital Management Inc increased its stake in International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 448 shares during the last quarter. Finally, City State Bank increased its stake in International Paper by 107.7% during the fourth quarter. City State Bank now owns 675 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 350 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on IP. Truist Financial reissued a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. BNP Paribas cut International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, International Paper currently has an average rating of “Moderate Buy” and a consensus target price of $51.88.

International Paper Trading Down 0.1 %

Shares of NYSE IP opened at $53.85 on Thursday. International Paper has a twelve month low of $32.70 and a twelve month high of $60.36. The stock has a market capitalization of $18.71 billion, a PE ratio of 34.30 and a beta of 1.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a fifty day simple moving average of $55.87 and a 200-day simple moving average of $51.84.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, equities analysts forecast that International Paper will post 3.01 earnings per share for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.44%. International Paper’s dividend payout ratio is currently 117.84%.

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $56.19, for a total value of $33,714.00. Following the completion of the transaction, the director now owns 37,745 shares in the company, valued at $2,120,891.55. The trade was a 1.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.55% of the stock is owned by insiders.

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.