International Paper (NYSE:IP) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. trimmed its stake in shares of International Paper (NYSE:IP) by 80.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,677 shares of the basic materials company’s stock after selling 44,365 shares during the period. Landscape Capital Management L.L.C.’s holdings in International Paper were worth $575,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of IP. Janus Henderson Group PLC increased its position in shares of International Paper by 582.3% in the third quarter. Janus Henderson Group PLC now owns 200,573 shares of the basic materials company’s stock worth $9,799,000 after acquiring an additional 171,176 shares in the last quarter. Investment Management Corp of Ontario boosted its stake in International Paper by 50.7% in the 3rd quarter. Investment Management Corp of Ontario now owns 11,004 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 3,700 shares during the period. Royal London Asset Management Ltd. grew its position in International Paper by 3.3% during the 3rd quarter. Royal London Asset Management Ltd. now owns 281,980 shares of the basic materials company’s stock worth $13,775,000 after purchasing an additional 8,914 shares in the last quarter. Quantinno Capital Management LP lifted its holdings in shares of International Paper by 7.0% in the third quarter. Quantinno Capital Management LP now owns 69,486 shares of the basic materials company’s stock valued at $3,394,000 after purchasing an additional 4,566 shares in the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of International Paper in the third quarter worth $24,151,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analyst Weigh In

IP has been the topic of several recent analyst reports. Truist Financial reissued a “buy” rating and set a $64.00 price target (down from $65.00) on shares of International Paper in a research report on Friday, January 31st. JPMorgan Chase & Co. started 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 for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research report on Wednesday, March 26th. Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Finally, Bank of America began coverage on shares of International Paper in a report on Thursday, February 13th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, International Paper presently has a consensus rating of “Moderate Buy” and an average price target of $55.32.

International Paper Trading Down 2.6 %

International Paper stock opened at $47.89 on Monday. International Paper has a one year low of $33.16 and a one year high of $60.36. The company’s fifty day moving average price is $54.18 and its two-hundred day moving average price is $53.85. The company has a market capitalization of $25.20 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 0.39 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share 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 forecast that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend was Monday, February 24th. International Paper’s dividend payout ratio is 117.83%.

About International Paper

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.