Jade Capital Advisors LLC Sells 90,000 Shares of International Paper (NYSE:IP)

Jade Capital Advisors LLC cut its position in International Paper (NYSE:IP) by 64.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,000 shares of the basic materials company’s stock after selling 90,000 shares during the quarter. International Paper comprises approximately 1.5% of Jade Capital Advisors LLC’s holdings, making the stock its 20th biggest position. Jade Capital Advisors LLC’s holdings in International Paper were worth $2,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of International Paper during the 2nd quarter worth about $26,000. MCF Advisors LLC boosted its stake in shares of International Paper by 1,094.7% during the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 624 shares during the period. Crewe Advisors LLC acquired a new position in shares of International Paper during the 1st quarter worth approximately $29,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in International Paper in the 2nd quarter valued at $37,000. Finally, Hilltop National Bank lifted its holdings in International Paper by 58.9% during the 2nd quarter. Hilltop National Bank now owns 1,119 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 415 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Up 0.4 %

Shares of IP stock opened at $46.95 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.59. International Paper has a fifty-two week low of $31.76 and a fifty-two week high of $50.68. The company has a market cap of $16.31 billion, a PE ratio of 95.82 and a beta of 1.04. The stock’s fifty day moving average price is $47.99 and its two-hundred day moving average price is $44.25.

International Paper (NYSE:IP) last released its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.14. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities analysts predict that International Paper will post 1.55 EPS for the current fiscal year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date of this dividend is Friday, November 15th. International Paper’s payout ratio is 377.55%.

Insider Buying and Selling

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $46.10, for a total value of $27,660.00. Following the completion of the transaction, the director now directly owns 41,002 shares in the company, valued at approximately $1,890,192.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $46.10, for a total transaction of $27,660.00. Following the completion of the transaction, the director now owns 41,002 shares of the company’s stock, valued at approximately $1,890,192.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Holly G. Goughnour sold 5,000 shares of the business’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $47.22, for a total transaction of $236,100.00. Following the completion of the sale, the vice president now directly owns 16,788 shares in the company, valued at approximately $792,729.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,440 shares of company stock worth $934,142 in the last 90 days. Insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on IP shares. Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Wednesday, August 14th. Truist Financial boosted their price target on International Paper from $55.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus began coverage on International Paper in a report on Tuesday, July 9th. They set a “hold” rating and a $48.70 target price for the company. Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Wells Fargo & Company lifted their price objective on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, International Paper presently has an average rating of “Moderate Buy” and a consensus price target of $50.46.

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.