Quantinno Capital Management LP Has $4.46 Million Stock Position in International Paper (NYSE:IP)

Quantinno Capital Management LP raised its position in International Paper (NYSE:IP) by 19.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,892 shares of the basic materials company’s stock after buying an additional 13,406 shares during the period. Quantinno Capital Management LP’s holdings in International Paper were worth $4,461,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. lifted its position in International Paper by 1.4% during the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company’s stock worth $759,000 after buying an additional 200 shares in the last quarter. AlphaMark Advisors LLC lifted its position in shares of International Paper by 5.7% during the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company’s stock worth $205,000 after purchasing an additional 204 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company’s stock valued at $665,000 after purchasing an additional 204 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in shares of International Paper by 14.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company’s stock valued at $86,000 after purchasing an additional 205 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in International Paper by 1.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company’s stock worth $820,000 after purchasing an additional 212 shares during the last quarter. 81.95% of the stock is owned by institutional investors.

Insider Activity at International Paper

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of the company’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the transaction, the chief accounting officer now directly owns 31,525 shares in the company, valued at $1,413,896.25. The trade was a 19.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.35% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Bank of America assumed coverage on International Paper in a research report on Thursday, February 13th. They issued a “neutral” rating on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Citigroup initiated coverage on International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price for the company. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research note on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target for the company. Finally, Wells Fargo & Company restated an “underweight” rating and set a $40.00 target price (down previously from $45.00) on shares of International Paper in a report on Friday, May 9th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, International Paper currently has an average rating of “Hold” and an average target price of $54.21.

International Paper Stock Performance

Shares of IP stock opened at $50.14 on Monday. The company has a fifty day moving average price of $48.72 and a two-hundred day moving average price of $53.42. International Paper has a one year low of $40.39 and a one year high of $60.36. The stock has a market cap of $26.47 billion, a P/E ratio of 31.94, a P/E/G ratio of 0.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

International Paper (NYSE:IP) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.38 billion. International Paper had a net margin of 2.99% and a return on equity of 4.75%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the business posted $0.17 earnings per share. As a group, equities analysts predict that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.69%. The ex-dividend date of this dividend is Friday, May 23rd. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

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.