Two Sigma Advisers LP Has $36.35 Million Stock Position in International Paper (NYSE:IP)

Two Sigma Advisers LP grew its position in shares of International Paper (NYSE:IP - Free Report) by 36.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 675,400 shares of the basic materials company's stock after purchasing an additional 181,000 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of International Paper worth $36,350,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in International Paper by 0.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 47,596,595 shares of the basic materials company's stock worth $2,561,651,000 after purchasing an additional 368,648 shares during the period. Vanguard Group Inc. raised its stake in shares of International Paper by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 41,195,085 shares of the basic materials company's stock valued at $2,217,119,000 after purchasing an additional 340,383 shares in the last quarter. Capital Research Global Investors raised its stake in shares of International Paper by 68.8% during the fourth quarter. Capital Research Global Investors now owns 29,904,546 shares of the basic materials company's stock valued at $1,609,462,000 after purchasing an additional 12,191,361 shares in the last quarter. FMR LLC raised its stake in shares of International Paper by 48.9% during the fourth quarter. FMR LLC now owns 26,559,812 shares of the basic materials company's stock valued at $1,429,449,000 after purchasing an additional 8,720,575 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in International Paper by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 8,393,217 shares of the basic materials company's stock worth $450,586,000 after acquiring an additional 24,816 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.

International Paper Price Performance

NYSE:IP traded down $0.95 during trading hours on Friday, reaching $47.68. The company had a trading volume of 2,695,755 shares, compared to its average volume of 7,851,314. The stock has a 50-day moving average of $48.51 and a two-hundred day moving average of $53.20. International Paper has a one year low of $41.50 and a one year high of $60.36. The firm has a market capitalization of $25.17 billion, a PE ratio of 30.37, a PEG ratio of 0.39 and a beta of 1.03. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the company earned $0.17 earnings per share. The business's revenue was up 27.8% on a year-over-year basis. Analysts forecast that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 23rd will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date of this dividend is Friday, May 23rd. International Paper's dividend payout ratio (DPR) is 158.12%.

Insider Buying and Selling at International Paper

In related news, CAO Holly G. Goughnour sold 7,500 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $44.85, for a total value of $336,375.00. Following the transaction, the chief accounting officer now owns 31,525 shares in the company, 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. Company insiders own 0.35% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on IP shares. Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. Bank of America began coverage on International Paper in a research note on Thursday, February 13th. They set a "neutral" rating on the stock. 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 research note on Friday, May 9th. Truist Financial decreased their target price on International Paper from $64.00 to $59.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $64.00 price target on shares of International Paper in a report on Wednesday, March 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, International Paper presently has an average rating of "Hold" and an average price target of $53.86.

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.