Disciplined Equity Management Inc. Trims Stake in International Paper (NYSE:IP)

Disciplined Equity Management Inc. lessened its stake in shares of International Paper (NYSE:IP - Free Report) by 83.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,100 shares of the basic materials company's stock after selling 25,160 shares during the quarter. Disciplined Equity Management Inc.'s holdings in International Paper were worth $272,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IP. SPC Financial Inc. raised its position in shares of International Paper by 1.4% in the fourth quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock valued at $759,000 after buying an additional 200 shares during the last quarter. Inspire Advisors LLC grew its stake in International Paper by 1.7% in the 4th quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after acquiring an additional 204 shares during the period. Kestra Private Wealth Services LLC raised its holdings in International Paper by 1.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock valued at $820,000 after acquiring an additional 212 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in shares of International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after purchasing an additional 215 shares during the period. Finally, Summit Financial LLC lifted its stake in shares of International Paper by 4.3% during the 4th quarter. Summit Financial LLC now owns 5,437 shares of the basic materials company's stock worth $293,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 81.95% of the company's stock.

Insiders Place Their Bets

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $44.85, for a total transaction of $336,375.00. Following the transaction, the chief accounting officer now owns 31,525 shares of the company's stock, valued at $1,413,896.25. This trade represents a 19.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.55% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. UBS Group initiated coverage on International Paper in a research report on Wednesday. They set a "buy" rating and a $60.00 target price on the stock. Citigroup assumed coverage on shares of International Paper in a research note on Wednesday, March 5th. They set a "buy" rating and a $60.00 price objective for the company. Wells Fargo & Company reissued an "underweight" rating and issued a $40.00 target price (down from $45.00) on shares of International Paper in a research report on Friday, May 9th. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 price target for the company. Finally, Truist Financial set a $59.00 price target on shares of International Paper in a research note on Wednesday, May 28th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $54.54.

International Paper Trading Up 0.6%

NYSE:IP opened at $47.37 on Friday. The stock has a market cap of $25.01 billion, a price-to-earnings ratio of 30.17, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. International Paper has a one year low of $41.50 and a one year high of $60.36. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The business's 50-day simple moving average is $47.31 and its 200 day simple moving average is $52.47.

International Paper (NYSE:IP - Get Free Report) last released 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 business had revenue of $5.90 billion for the quarter, compared to analysts' expectations of $6.38 billion. International Paper had a net margin of 2.99% and a return on equity of 4.75%. The business's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 earnings per share. As a group, sell-side analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.91%. The ex-dividend date is Friday, May 23rd. International Paper's dividend payout ratio is currently 158.12%.

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.

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