International Paper (NYSE:IP) Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp decreased its holdings in shares of International Paper (NYSE:IP) by 10.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,509 shares of the basic materials company’s stock after selling 500 shares during the period. Aull & Monroe Investment Management Corp’s holdings in International Paper were worth $243,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Farther Finance Advisors LLC raised its position in shares of International Paper by 101.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 6,857 shares of the basic materials company’s stock worth $335,000 after buying an additional 3,461 shares during the period. Robeco Institutional Asset Management B.V. raised its position in International Paper by 435.6% in the third quarter. Robeco Institutional Asset Management B.V. now owns 118,364 shares of the basic materials company’s stock valued at $5,782,000 after purchasing an additional 96,264 shares during the period. Sentry Investment Management LLC purchased a new position in International Paper in the third quarter valued at about $79,000. American Capital Advisory LLC raised its position in International Paper by 12.9% in the third quarter. American Capital Advisory LLC now owns 8,738 shares of the basic materials company’s stock valued at $427,000 after purchasing an additional 1,000 shares during the period. Finally, Graypoint LLC purchased a new position in International Paper in the third quarter valued at about $205,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup assumed coverage on International Paper in a research report on Wednesday. They set a “buy” rating and a $60.00 target price on the stock. BNP Paribas lowered International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a research report on Wednesday, November 13th. Bank of America began coverage on International Paper in a research report on Thursday, February 13th. They set a “neutral” rating on the stock. Truist Financial reiterated a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price target on shares of International Paper in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.86.

International Paper Stock Performance

IP opened at $52.71 on Thursday. The business’s 50 day moving average is $55.60 and its 200-day moving average is $53.20. The stock has a market cap of $27.73 billion, a PE ratio of 33.57, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, analysts predict that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.51%. International Paper’s dividend payout ratio is 117.83%.

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.