XML Financial LLC Acquires New Stake in International Paper Company $IP

XML Financial LLC bought a new position in International Paper Company (NYSE:IP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,905 shares of the basic materials company’s stock, valued at approximately $660,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IP. Mitchell & Pahl Private Wealth LLC bought a new stake in International Paper in the third quarter worth about $2,122,000. Man Group plc bought a new position in shares of International Paper during the 2nd quarter valued at about $24,640,000. The Manufacturers Life Insurance Company boosted its position in shares of International Paper by 50.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,167,393 shares of the basic materials company’s stock valued at $44,478,000 after purchasing an additional 389,092 shares in the last quarter. Amundi bought a new position in shares of International Paper during the 2nd quarter valued at about $82,666,000. Finally, D.A. Davidson & CO. acquired a new position in shares of International Paper in the 3rd quarter worth approximately $4,469,000. 81.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Argus reiterated a “buy” rating and issued a $45.00 target price on shares of International Paper in a report on Thursday, September 24th. Royal Bank Of Canada increased their target price on shares of International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Seaport Research Partners restated a “buy” rating and set a $46.00 target price on shares of International Paper in a report on Wednesday, August 12th. Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a research report on Saturday, October 3rd. Finally, UBS Group decreased their price target on shares of International Paper from $47.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, October 5th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, International Paper presently has an average rating of “Moderate Buy” and an average price target of $45.44.

Insider Buying and Selling

In related news, VP William Hamic sold 24,500 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the transaction, the vice president directly owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

International Paper Trading Down 4.1%

Shares of NYSE IP opened at $35.14 on Wednesday. International Paper Company has a one year low of $29.26 and a one year high of $50.25. The firm has a market capitalization of $18.61 billion, a PE ratio of -5.36, a PEG ratio of 5.42 and a beta of 0.97. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.59. The business has a 50-day moving average price of $34.74 and a two-hundred day moving average price of $37.36.

International Paper (NYSE:IP) last issued its earnings results on Wednesday, October 28th. The basic materials company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.28 billion. International Paper had a positive return on equity of 1.77% and a negative net margin of 14.32%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.43) EPS. As a group, analysts predict that International Paper Company will post 1.13 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 5.3%. The ex-dividend date is Monday, November 16th. International Paper’s dividend payout ratio (DPR) is currently -28.20%.

International Paper Profile

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.