Quantinno Capital Management LP Raises Stock Position in International Paper (NYSE:IP)

Quantinno Capital Management LP lifted its holdings in shares of International Paper (NYSE:IP - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,892 shares of the basic materials company's stock after acquiring an additional 13,406 shares during the period. Quantinno Capital Management LP's holdings in International Paper were worth $4,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Sierra Ocean LLC purchased a new stake in shares of International Paper in the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new stake in International Paper during the fourth quarter worth $26,000. Picton Mahoney Asset Management raised its position in International Paper by 67.0% in the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock valued at $29,000 after buying an additional 215 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in International Paper by 90.2% during the 4th quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock valued at $33,000 after acquiring an additional 295 shares in the last quarter. Finally, Bernard Wealth Management Corp. purchased a new position in International Paper during the 4th quarter worth $37,000. Institutional investors and hedge funds own 81.95% of the company's stock.

Insider Buying and Selling

In other news, CAO Holly G. Goughnour sold 7,500 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $44.85, for a total value of $336,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 31,525 shares of the company's stock, valued at $1,413,896.25. This trade represents a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.35% of the stock is owned by insiders.

International Paper Price Performance

International Paper stock remained flat at $48.66 during trading on Thursday. The company had a trading volume of 2,707,556 shares, compared to its average volume of 7,904,454. The company's 50-day moving average price is $48.66 and its 200 day moving average price is $53.33. International Paper has a fifty-two week low of $41.50 and a fifty-two week high of $60.36. The firm has a market cap of $25.69 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 0.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.38 billion. International Paper had a return on equity of 4.75% and a net margin of 2.99%. The company's revenue was up 27.8% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. As a group, equities research analysts anticipate that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Friday, May 23rd. International Paper's payout ratio is currently 158.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of International Paper from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Citigroup initiated coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price objective for the company. Wells Fargo & Company restated an "underweight" rating and issued a $40.00 target price (down previously from $45.00) on shares of International Paper in a research note on Friday, May 9th. Truist Financial reduced their target price on International Paper from $64.00 to $59.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Finally, Bank of America assumed coverage on International Paper in a report on Thursday, February 13th. They set a "neutral" rating on the stock. Three analysts have rated the stock with a sell rating, two have issued 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 presently has a consensus rating of "Hold" and a consensus target price of $54.21.

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.