Capital Investment Advisory Services LLC Has $459,000 Position in International Paper (NYSE:IP)

Capital Investment Advisory Services LLC lessened its stake in International Paper (NYSE:IP) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,523 shares of the basic materials company’s stock after selling 2,067 shares during the period. Capital Investment Advisory Services LLC’s holdings in International Paper were worth $459,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. OLD National Bancorp IN raised its stake in shares of International Paper by 4.8% in the 4th quarter. OLD National Bancorp IN now owns 16,789 shares of the basic materials company’s stock valued at $904,000 after buying an additional 775 shares in the last quarter. Hantz Financial Services Inc. raised its position in International Paper by 10.7% in the fourth quarter. Hantz Financial Services Inc. now owns 74,932 shares of the basic materials company’s stock worth $4,033,000 after purchasing an additional 7,245 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in International Paper by 1.8% during 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 purchasing an additional 2,156 shares during the period. Barry Investment Advisors LLC acquired a new stake in International Paper during the fourth quarter valued at approximately $211,000. Finally, Orca Wealth Management LLC bought a new stake in shares of International Paper in the 4th quarter valued at approximately $875,000. 81.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on IP. Royal Bank of Canada restated an “outperform” rating and set a $64.00 target price on shares of International Paper in a research report on Friday. BNP Paribas cut International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a report on Wednesday, November 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $64.00 target price (down previously from $65.00) on shares of International Paper in a report on Friday. One equities research analyst has 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $51.88.

International Paper Stock Down 2.5 %

Shares of NYSE IP opened at $55.65 on Friday. International Paper has a 12-month low of $32.70 and a 12-month high of $60.36. The firm’s 50-day simple moving average is $56.13 and its 200 day simple moving average is $51.54. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The company has a market cap of $19.33 billion, a price-to-earnings ratio of 47.56 and a beta of 1.03.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 6.49% and a net margin of 2.25%. On average, research analysts expect that International Paper will post 1.07 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.32%. International Paper’s payout ratio is 158.12%.

Insider Transactions at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was 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 $2,168,896.55. This trade represents a 1.59 % 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. 0.55% of the stock is currently owned by corporate insiders.

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.