Hantz Financial Services Inc. Increases Holdings in International Paper (NYSE:IP)

Hantz Financial Services Inc. lifted its position in shares of International Paper (NYSE:IP) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,932 shares of the basic materials company’s stock after buying an additional 7,245 shares during the quarter. Hantz Financial Services Inc.’s holdings in International Paper were worth $4,033,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. raised its stake in International Paper by 1.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 120,520 shares of the basic materials company’s stock worth $6,486,000 after buying an additional 2,156 shares in the last quarter. Barry Investment Advisors LLC purchased a new position in shares of International Paper in the 4th quarter valued at $211,000. Orca Wealth Management LLC bought a new position in shares of International Paper in the 4th quarter worth $875,000. IRON Financial LLC purchased a new stake in shares of International Paper during the 4th quarter worth $204,000. Finally, Foundations Investment Advisors LLC boosted its position in International Paper by 7.3% during the fourth quarter. Foundations Investment Advisors LLC now owns 9,036 shares of the basic materials company’s stock valued at $486,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on IP shares. Truist Financial increased their price target on shares of International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research report on Monday, January 6th. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price target on shares of International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.99.

International Paper Trading Down 1.4 %

Shares of International Paper stock opened at $57.15 on Friday. The firm’s 50 day simple moving average is $56.17 and its two-hundred day simple moving average is $51.51. The firm has a market capitalization of $19.85 billion, a price-to-earnings ratio of 48.85 and a beta of 1.03. International Paper has a 12-month low of $32.70 and a 12-month high of $60.36. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.25% and a return on equity of 6.49%. Analysts predict that International Paper will post 1.18 EPS for the current year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date is Monday, February 24th. International Paper’s dividend payout ratio is presently 158.12%.

Insider Transactions at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $58.39, for a total value of $35,034.00. Following the transaction, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.55% of the company’s stock.

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.