Dayah Capital LLC Takes Position in International Paper Company $IP

Dayah Capital LLC purchased a new position in International Paper Company (NYSE:IP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,780 shares of the basic materials company’s stock, valued at approximately $4,907,000. International Paper accounts for about 1.7% of Dayah Capital LLC’s investment portfolio, making the stock its 9th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. MCF Advisors LLC raised its position in shares of International Paper by 36.7% during the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock valued at $34,000 after buying an additional 229 shares in the last quarter. Rothschild Investment LLC increased its stake in International Paper by 4.2% in the fourth quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after acquiring an additional 242 shares during the last quarter. Independent Advisor Alliance raised its position in International Paper by 3.3% during the fourth quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock valued at $305,000 after purchasing an additional 244 shares in the last quarter. Horizon Investments LLC raised its position in International Paper by 3.3% during the fourth quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock valued at $333,000 after purchasing an additional 267 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in shares of International Paper by 1.3% in the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Price Performance

Shares of NYSE IP opened at $41.13 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.10. The company has a 50 day simple moving average of $39.40 and a two-hundred day simple moving average of $37.87. International Paper Company has a fifty-two week low of $29.26 and a fifty-two week high of $50.25. The company has a market capitalization of $21.78 billion, a price-to-earnings ratio of -6.31 and a beta of 0.94.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.The company’s revenue was down 11.3% on a year-over-year basis. During the same period last year, the company earned $0.20 earnings per share. Analysts expect that International Paper Company will post 1.34 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio (DPR) is presently -28.37%.

Insider Buying and Selling

In related news, CAO Holly G. Goughnour sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the sale, the chief accounting officer owned 34,248 shares in the company, valued at approximately $1,437,046.08. This trade represents a 9.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP William Thomas Hamic sold 24,500 shares of International Paper stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the completion of the sale, the vice president directly owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IP. Citigroup raised their price objective on International Paper from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Weiss Ratings raised shares of International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. Zacks Research upgraded shares of International Paper from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Loop Capital set a $61.00 price target on shares of International Paper in a report on Tuesday, July 28th. Finally, UBS Group boosted their price objective on shares of International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a research report on Friday, July 31st. Nine investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $48.75.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.