International Paper Company (NYSE:IP) Stock Position Decreased by D.A. Davidson & CO.

D.A. Davidson & CO. reduced its position in International Paper Company (NYSE:IP - Free Report) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,168 shares of the basic materials company's stock after selling 7,934 shares during the quarter. D.A. Davidson & CO.'s holdings in International Paper were worth $5,771,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its position in shares of International Paper by 67.0% in the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after buying an additional 215 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in International Paper during the fourth quarter worth about $37,000. Transce3nd LLC bought a new position in International Paper in the fourth quarter worth about $38,000. Citizens National Bank Trust Department acquired a new position in International Paper in the first quarter valued at approximately $37,000. Finally, Grove Bank & Trust grew its holdings in shares of International Paper by 472.0% during the first quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 623 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

International Paper Price Performance

IP traded up $0.81 on Tuesday, reaching $50.68. The company had a trading volume of 3,880,968 shares, compared to its average volume of 3,125,859. The company has a fifty day moving average of $47.44 and a 200-day moving average of $51.06. The company has a market capitalization of $26.75 billion, a P/E ratio of 43.32, a PEG ratio of 0.46 and a beta of 1.02. International Paper Company has a one year low of $42.26 and a one year high of $60.36. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.51.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. International Paper had a return on equity of 4.05% and a net margin of 1.99%. International Paper's revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.17 EPS. As a group, equities research analysts anticipate that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were issued a $0.4625 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.85 annualized dividend and a dividend yield of 3.65%. International Paper's dividend payout ratio (DPR) is 158.12%.

Insiders Place Their Bets

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the sale, the chief accounting officer directly owned 31,525 shares in the company, valued at approximately $1,413,896.25. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.55% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company reissued an "underweight" rating and issued a $40.00 price target (down previously from $45.00) on shares of International Paper in a report on Friday, May 9th. UBS Group started coverage on International Paper in a research note on Wednesday, June 4th. They issued a "buy" rating and a $60.00 target price on the stock. Truist Financial set a $59.00 price target on shares of International Paper in a research report on Wednesday, May 28th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a research report on Wednesday, March 26th. Finally, Wall Street Zen upgraded shares of International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $54.54.

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.