International Paper (NYSE:IP) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its stake in International Paper (NYSE:IPFree Report) by 15.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 30,008 shares of the basic materials company’s stock after selling 5,642 shares during the quarter. SG Americas Securities LLC’s holdings in International Paper were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Manchester Capital Management LLC acquired a new position in shares of International Paper in the 3rd quarter worth approximately $25,000. Resurgent Financial Advisors LLC purchased a new stake in International Paper in the fourth quarter valued at approximately $27,000. Venturi Wealth Management LLC lifted its stake in International Paper by 2,281.8% during the third quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 753 shares in the last quarter. Desjardins Global Asset Management Inc. boosted its position in shares of International Paper by 45.5% during the first quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock worth $31,000 after buying an additional 211 shares during the period. Finally, Quarry LP grew its stake in shares of International Paper by 992.2% in the second quarter. Quarry LP now owns 1,114 shares of the basic materials company’s stock valued at $35,000 after buying an additional 1,012 shares in the last quarter. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insider Activity at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total transaction of $201,550.00. Following the completion of the sale, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 7,600 shares of company stock valued at $264,418 over the last three months. 0.51% of the stock is owned by corporate insiders.

International Paper Price Performance

Shares of IP opened at $39.02 on Friday. The firm has a market capitalization of $13.51 billion, a price-to-earnings ratio of 47.59 and a beta of 0.98. The firm’s fifty day simple moving average is $36.10 and its 200-day simple moving average is $35.52. International Paper has a twelve month low of $29.00 and a twelve month high of $41.28. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

International Paper (NYSE:IPGet Free Report) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. International Paper had a return on equity of 8.87% and a net margin of 1.52%. International Paper’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the firm earned $0.87 earnings per share. Equities analysts forecast that International Paper will post 1.84 EPS for the current fiscal year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 22nd were issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Wednesday, February 21st. International Paper’s dividend payout ratio (DPR) is 225.61%.

Analyst Upgrades and Downgrades

IP has been the subject of a number of research analyst reports. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. Wells Fargo & Company reduced their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and lifted their price objective for the company from $37.00 to $42.00 in a report on Monday, March 4th. Citigroup upgraded shares of International Paper from a “neutral” rating to a “buy” rating and increased their target price for the stock from $36.00 to $46.00 in a report on Wednesday, March 20th. Finally, Argus downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.13.

View Our Latest Research Report on IP

About International Paper

(Free Report)

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.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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