4,414 Shares in International Paper Company $IP Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC purchased a new position in shares of International Paper Company (NYSE:IP) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,414 shares of the basic materials company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds have also bought and sold shares of IP. State of Wyoming grew its position in International Paper by 208.8% during the 4th quarter. State of Wyoming now owns 1,470 shares of the basic materials company’s stock worth $79,000 after acquiring an additional 994 shares during the last quarter. Waverly Advisors LLC grew its position in shares of International Paper by 9.9% in the 4th quarter. Waverly Advisors LLC now owns 11,498 shares of the basic materials company’s stock worth $619,000 after buying an additional 1,034 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of International Paper by 6.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,138,114 shares of the basic materials company’s stock worth $115,073,000 after buying an additional 138,395 shares during the last quarter. Focus Partners Advisor Solutions LLC bought a new stake in shares of International Paper in the 4th quarter worth approximately $221,000. Finally, Vise Technologies Inc. bought a new stake in shares of International Paper in the 4th quarter worth approximately $461,000. 81.95% of the stock is currently owned by institutional investors.

International Paper Stock Down 1.4%

IP stock opened at $46.43 on Friday. International Paper Company has a twelve month low of $43.27 and a twelve month high of $60.36. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. The stock has a market cap of $24.51 billion, a P/E ratio of -464.30, a PEG ratio of 0.52 and a beta of 1.05. The business’s 50-day moving average price is $48.94 and its 200-day moving average price is $48.69.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.18). International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. On average, equities research analysts forecast that International Paper Company will post 2.77 EPS for the current year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Stockholders of record on Friday, August 15th were given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. International Paper’s payout ratio is presently -1,850.00%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. UBS Group assumed coverage on International Paper in a research report on Wednesday, June 4th. They issued a “buy” rating and a $60.00 price objective on the stock. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a research report on Friday, June 27th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and raised their target price for the company from $55.00 to $57.00 in a research note on Thursday, August 28th. Wells Fargo & Company restated an “underweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of International Paper in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. cut International Paper from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $54.00 in a research note on Tuesday, August 5th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $55.65.

Insider Buying and Selling at International Paper

In related news, SVP Joseph R. Saab sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total value of $409,770.00. Following the sale, the senior vice president directly owned 27,673 shares in the company, valued at approximately $1,259,951.69. The trade was a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.35% of the stock is currently owned by insiders.

International Paper Company Profile

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.