Belpointe Asset Management LLC Makes New $72,000 Investment in International Paper (NYSE:IP)

Belpointe Asset Management LLC acquired a new position in shares of International Paper (NYSE:IP – Get Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,091 shares of the basic materials company’s stock, valued at approximately $72,000.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in International Paper by 165.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 776 shares of the basic materials company’s stock worth $25,000 after buying an additional 484 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of International Paper by 133.4% in the 4th quarter. Dupont Capital Management Corp now owns 803 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 459 shares during the period. Desjardins Global Asset Management Inc. lifted its stake in shares of International Paper by 45.5% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 211 shares during the period. Glassman Wealth Services lifted its stake in shares of International Paper by 38.0% in the 4th quarter. Glassman Wealth Services now owns 1,016 shares of the basic materials company’s stock valued at $35,000 after purchasing an additional 280 shares during the period. Finally, Kistler Tiffany Companies LLC lifted its stake in shares of International Paper by 576.5% in the 4th quarter. Kistler Tiffany Companies LLC now owns 1,035 shares of the basic materials company’s stock valued at $36,000 after purchasing an additional 882 shares during the period. Institutional investors and hedge funds own 83.64% of the company’s stock.

Wall Street Analyst Weigh In

IP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on International Paper from $31.00 to $27.00 in a research note on Monday, May 1st. 51job reissued a “maintains” rating on shares of International Paper in a research note on Friday, April 28th. StockNews.com upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. Wells Fargo & Company upped their price objective on shares of International Paper from $32.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 1st. Finally, Citigroup upped their price objective on shares of International Paper from $36.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, International Paper presently has a consensus rating of “Hold” and a consensus target price of $38.55.

International Paper Stock Performance

IP opened at $31.96 on Monday. The business’s 50-day moving average price is $34.33 and its two-hundred day moving average price is $35.91. International Paper has a 1 year low of $30.69 and a 1 year high of $49.31. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 8.85 and a beta of 1.04. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.55 and a quick ratio of 1.10.

International Paper (NYSE:IP – Get Rating) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. International Paper had a return on equity of 14.87% and a net margin of 6.28%. The firm had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same quarter last year, the business posted $0.76 EPS. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. Equities analysts expect that International Paper will post 2.35 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 26th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.79%. The ex-dividend date of this dividend is Thursday, May 25th. International Paper’s dividend payout ratio is currently 51.25%.

Insider Activity at International Paper

In related news, SVP Joseph R. Saab sold 1,705 shares of International Paper stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $35.35, for a total value of $60,271.75. Following the sale, the senior vice president now owns 1,671 shares of the company’s stock, valued at $59,069.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Joseph R. Saab sold 1,705 shares of International Paper stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $35.35, for a total value of $60,271.75. Following the sale, the senior vice president now owns 1,671 shares of the company’s stock, valued at $59,069.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark S. Sutton sold 85,000 shares of International Paper stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $34.58, for a total value of $2,939,300.00. Following the completion of the sale, the chief executive officer now directly owns 143,000 shares in the company, valued at approximately $4,944,940. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,567 shares of company stock valued at $3,066,697. 0.51% of the stock is owned by insiders.

About International Paper

(Get Rating)

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment is involved in manufacturing containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.