7,490 Shares in International Paper (NYSE:IP) Bought by Total Wealth Planning & Management Inc.

Total Wealth Planning & Management Inc. bought a new stake in International Paper (NYSE:IP - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,490 shares of the basic materials company's stock, valued at approximately $403,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of International Paper during the fourth quarter worth about $9,950,000. Bernard Wealth Management Corp. acquired a new position in shares of International Paper in the fourth quarter worth $37,000. Yoffe Investment Management LLC bought a new stake in International Paper in the fourth quarter worth $378,000. LifeWealth Investments LLC bought a new stake in International Paper during the fourth quarter valued at about $432,000. Finally, Integrated Advisors Network LLC bought a new stake in International Paper during the fourth quarter valued at about $236,000. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Citigroup began coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 target price for the company. Wall Street Zen lowered shares of International Paper from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Truist Financial lowered their price target on shares of International Paper from $64.00 to $59.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Bank of America began coverage on shares of International Paper in a report on Thursday, February 13th. They issued a "neutral" rating for the company. Finally, 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. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $53.86.

Insider Activity at International Paper

In other news, CAO Holly G. Goughnour sold 7,500 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $44.85, for a total transaction of $336,375.00. Following the completion of the sale, the chief accounting officer now owns 31,525 shares of the company's stock, valued at approximately $1,413,896.25. This represents a 19.22% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

International Paper Stock Performance

Shares of International Paper stock traded up $0.21 during trading on Thursday, hitting $47.93. 3,197,094 shares of the stock were exchanged, compared to its average volume of 7,714,064. The stock has a market capitalization of $25.30 billion, a price-to-earnings ratio of 30.53, a price-to-earnings-growth ratio of 0.39 and a beta of 1.03. The company has a fifty day moving average price of $48.27 and a 200-day moving average price of $52.99. International Paper has a 1-year low of $41.50 and a 1-year high of $60.36. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP - Get Free Report) last released 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 for the quarter, compared to analyst estimates of $6.38 billion. International Paper had a return on equity of 4.75% and a net margin of 2.99%. The firm's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.17 earnings per share. As a group, equities analysts predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors 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 dividend yield of 3.86%. The ex-dividend date is Friday, May 23rd. International Paper's payout ratio is 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.