Blair William & Co. IL Sells 1,000 Shares of International Paper Company $IP

Blair William & Co. IL trimmed its position in International Paper Company (NYSE:IP) by 1.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 71,018 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Blair William & Co. IL’s holdings in International Paper were worth $3,326,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in IP. GAMMA Investing LLC increased its holdings in shares of International Paper by 6.4% in the first quarter. GAMMA Investing LLC now owns 5,425 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 327 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of International Paper by 58.4% in the first quarter. SG Americas Securities LLC now owns 36,146 shares of the basic materials company’s stock worth $1,928,000 after purchasing an additional 13,332 shares during the last quarter. Assenagon Asset Management S.A. grew its position in International Paper by 37.3% in the first quarter. Assenagon Asset Management S.A. now owns 22,378 shares of the basic materials company’s stock worth $1,194,000 after acquiring an additional 6,077 shares in the last quarter. Exchange Traded Concepts LLC grew its position in International Paper by 22.6% in the first quarter. Exchange Traded Concepts LLC now owns 1,691 shares of the basic materials company’s stock worth $90,000 after acquiring an additional 312 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new position in International Paper in the first quarter worth about $223,000. 81.95% of the stock is owned by institutional investors.

International Paper Stock Down 0.1%

Shares of NYSE:IP opened at $45.65 on Tuesday. International Paper Company has a 1 year low of $43.27 and a 1 year high of $60.36. The business has a 50 day simple moving average of $47.17 and a two-hundred day simple moving average of $47.98. The firm has a market capitalization of $24.10 billion, a PE ratio of -456.50, a price-to-earnings-growth ratio of 0.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96.

International Paper (NYSE:IP) last announced its earnings results on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter last year, the firm earned $0.55 EPS. The firm’s quarterly revenue was up 42.9% on a year-over-year basis. On average, equities analysts predict that International Paper Company will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.1%. International Paper’s payout ratio is -1,850.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wells Fargo & Company lifted their price target on International Paper from $43.00 to $44.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 7th. BNP Paribas Exane dropped their price target on International Paper from $42.10 to $40.40 and set an “underperform” rating for the company in a research report on Wednesday, October 8th. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $55.00 to $57.00 in a research report on Thursday, August 28th. Zacks Research lowered International Paper from a “hold” rating to a “strong sell” rating in a research report on Monday, August 18th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of International Paper in a research report on Saturday, September 27th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $53.46.

Insider Activity

In related news, SVP Joseph R. Saab sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total value of $409,770.00. Following the completion of the sale, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

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.