International Paper Company $IP Shares Sold by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management reduced its International Paper stake by 36.4% in the second quarter, selling 136,560 shares and retaining 238,370 shares valued at approximately $9.1 million. Institutional investors collectively own 81.95% of the company.
• International Paper reported quarterly earnings of $0.04 per share, exceeding the $0.04-per-share loss analysts expected, though revenue fell 11.3% year over year to $6 billion. The company maintains a $1.85 annual dividend, yielding about 5.7%.
• Analyst sentiment is generally positive, with a consensus rating of “Moderate Buy” and an average price target of $48.82, compared with the stock’s reported opening price of $32.47.

Envestnet Asset Management Inc. decreased its position in shares of International Paper Company (NYSE:IP - Free Report) by 36.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,370 shares of the basic materials company's stock after selling 136,560 shares during the quarter. Envestnet Asset Management Inc.'s holdings in International Paper were worth $9,082,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. MCF Advisors LLC grew its holdings in International Paper by 36.7% in the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 229 shares during the last quarter. Stephens Inc. AR grew its stake in International Paper by 1.3% in the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company's stock valued at $853,000 after acquiring an additional 298 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in International Paper by 2.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company's stock valued at $523,000 after acquiring an additional 302 shares during the last quarter. Ranch Capital Advisors Inc. increased its holdings in International Paper by 0.8% during the 1st quarter. Ranch Capital Advisors Inc. now owns 45,785 shares of the basic materials company's stock valued at $1,635,000 after acquiring an additional 364 shares in the last quarter. Finally, Krilogy Financial LLC increased its holdings in International Paper by 5.8% during the 1st quarter. Krilogy Financial LLC now owns 8,017 shares of the basic materials company's stock valued at $290,000 after acquiring an additional 437 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

Insiders Place Their Bets

In related news, CAO Holly G. Goughnour sold 3,500 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the transaction, the chief accounting officer directly owned 34,248 shares in the company, valued at approximately $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William Hamic sold 24,500 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $41.20, for a total value of $1,009,400.00. Following the transaction, the vice president owned 106,952 shares in the company, valued at $4,406,422.40. This trade represents a 18.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.21% of the company's stock.

International Paper Price Performance

International Paper stock opened at $32.47 on Friday. The stock has a market capitalization of $17.20 billion, a P/E ratio of -4.98, a P/E/G ratio of 4.22 and a beta of 0.93. International Paper Company has a 12-month low of $29.26 and a 12-month high of $50.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. The firm's 50-day moving average is $38.39 and its two-hundred day moving average is $36.28.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, beating analysts' consensus estimates of ($0.04) by $0.08. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the previous year, the business posted $0.20 earnings per share. The company's revenue was down 11.3% on a year-over-year basis. Equities analysts predict that International Paper Company will post 1.31 earnings per share for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend was Friday, August 14th. International Paper's dividend payout ratio is currently -28.37%.

Wall Street Analyst Weigh In

Several analysts have issued reports on IP shares. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a report on Saturday, September 19th. Loop Capital set a $61.00 price objective on shares of International Paper in a research note on Tuesday, July 28th. Citigroup raised their price objective on shares of International Paper from $43.00 to $48.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on International Paper from $42.00 to $46.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Finally, Zacks Research raised International Paper from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Ten analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $48.82.

International Paper Profile

International Paper NYSE: IP is a global producer of sustainable packaging, pulp and paper products. The company manufactures corrugated packaging, containerboard and other fiber-based packaging solutions used to protect, transport and display goods, along with market pulp and specialty paper products.

Founded in 1898, International Paper has developed operations serving customers across North America and Europe. Its activities also include recycling and the recovery of fiber used in paper and packaging production, supporting the company's focus on renewable and recyclable materials.

International Paper completed its combination with DS Smith in 2025, expanding its geographic reach and packaging capabilities.

Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.