International Paper (NYSE:IP) Shares Acquired by Hantz Financial Services Inc.

Hantz Financial Services Inc. increased its holdings in shares of International Paper (NYSE:IP) by 2.9% during the third quarter, HoldingsChannel reports. The fund owned 67,687 shares of the basic materials company’s stock after buying an additional 1,900 shares during the period. Hantz Financial Services Inc.’s holdings in International Paper were worth $3,307,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IP. Brooklyn Investment Group purchased a new position in International Paper in the 3rd quarter valued at approximately $25,000. Innealta Capital LLC purchased a new position in shares of International Paper in the second quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new position in shares of International Paper in the third quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of International Paper during the 2nd quarter worth $37,000. Finally, Eastern Bank purchased a new stake in shares of International Paper in the 3rd quarter worth about $40,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $49.48, for a total transaction of $29,688.00. Following the sale, the director now owns 39,802 shares in the company, valued at $1,969,402.96. This represents a 1.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Holly G. Goughnour sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $47.22, for a total value of $236,100.00. Following the completion of the sale, the vice president now directly owns 16,788 shares in the company, valued at approximately $792,729.36. This trade represents a 22.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,440 shares of company stock valued at $505,070 over the last ninety days. Corporate insiders own 0.55% of the company’s stock.

International Paper Stock Performance

Shares of IP stock opened at $58.83 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The company has a market cap of $20.44 billion, a PE ratio of 50.28 and a beta of 1.02. The company’s fifty day simple moving average is $52.39 and its 200-day simple moving average is $48.03. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. International Paper’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. As a group, equities research analysts anticipate that International Paper will post 1.22 EPS for the current year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.4625 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.14%. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective for the company. in a research note on Wednesday, November 13th. Truist Financial reissued a “buy” rating and set a $61.00 price target (up previously from $57.00) on shares of International Paper in a research report on Friday, November 1st. Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their target price on shares of International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, International Paper currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.54.

About International Paper

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.