Yousif Capital Management LLC Purchases 19,945 Shares of International Paper (NYSE:IP)

Yousif Capital Management LLC raised its position in shares of International Paper (NYSE:IP - Free Report) by 39.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,829 shares of the basic materials company's stock after acquiring an additional 19,945 shares during the quarter. Yousif Capital Management LLC's holdings in International Paper were worth $3,779,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of International Paper during the 4th quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper during the 4th quarter worth about $26,000. Picton Mahoney Asset Management boosted its position 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 in the last quarter. Venturi Wealth Management LLC boosted its position in shares of International Paper by 90.2% during the 4th quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock worth $33,000 after purchasing an additional 295 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in shares of International Paper during the 4th quarter worth about $37,000. Institutional investors own 81.95% of the company's stock.

Insider Transactions at International Paper

In related news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The shares were 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 in the company, valued at approximately $1,413,896.25. The trade was a 19.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company reissued an "underweight" rating and set a $40.00 price objective (down previously from $45.00) on shares of International Paper in a research report on Friday, May 9th. JPMorgan Chase & Co. began coverage on shares of International Paper in a research report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price target on the stock. Wall Street Zen cut shares of International Paper from a "hold" rating to a "sell" rating in a research report on Monday, May 5th. Citigroup began 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $64.00 price target on shares of International Paper in a research report on Wednesday, March 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $54.54.

International Paper Stock Down 2.8%

NYSE:IP traded down $1.32 on Friday, hitting $45.83. The stock had a trading volume of 2,879,764 shares, compared to its average volume of 7,341,672. 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 stock has a market cap of $24.19 billion, a P/E ratio of 29.19, a price-to-earnings-growth ratio of 0.39 and a beta of 1.04. International Paper has a 1 year low of $41.50 and a 1 year high of $60.36. The firm's fifty day simple moving average is $47.17 and its two-hundred day simple moving average is $52.05.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings data 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). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The firm had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $6.38 billion. During the same quarter last year, the business posted $0.17 EPS. The company's quarterly revenue was up 27.8% on a year-over-year basis. Analysts predict 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 was paid on Friday, June 13th. Stockholders of record on Friday, May 23rd were paid a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.85 annualized dividend and a dividend yield of 4.04%. International Paper's 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.