HNP Capital LLC Buys New Stake in International Paper (NYSE:IP)

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HNP Capital LLC bought a new stake in International Paper (NYSE:IP) during the third quarter, according to its most recent filing with the SEC. The firm bought 4,600 shares of the basic materials company’s stock, valued at approximately $214,000.

A number of other large investors have also recently bought and sold shares of the stock. Wade G W & Inc. grew its stake in International Paper by 33.4% during the third quarter. Wade G W & Inc. now owns 254,559 shares of the basic materials company’s stock worth $10,320,000 after buying an additional 63,737 shares in the last quarter. Quantitative Systematic Strategies LLC purchased a new stake in shares of International Paper during the third quarter valued at $243,000. Triodos Investment Management BV boosted its position in shares of International Paper by 2.1% during the third quarter. Triodos Investment Management BV now owns 583,800 shares of the basic materials company’s stock valued at $23,667,000 after buying an additional 11,900 shares during the last quarter. Kestra Private Wealth Services LLC bought a new position in International Paper in the third quarter valued at about $387,000. Finally, Sei Investments Co. raised its stake in shares of International Paper by 25.3% in the third quarter. Sei Investments Co. now owns 272,309 shares of the basic materials company’s stock worth $11,024,000 after buying an additional 55,018 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

In related news, SVP Gregory T. Wanta sold 7,500 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $47.93, for a total transaction of $359,475.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.37% of the stock is currently owned by insiders.

Shares of International Paper stock traded down $0.63 on Tuesday, reaching $49.33. The company had a trading volume of 35,094 shares, compared to its average volume of 3,203,418. The firm has a market cap of $19.64 billion, a price-to-earnings ratio of 39.59 and a beta of 1.11. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.33 and a quick ratio of 1.09. The firm’s 50-day moving average price is $44.58 and its two-hundred day moving average price is $38.13. International Paper has a 1 year low of $26.38 and a 1 year high of $50.33.

International Paper (NYSE:IP) last announced its earnings results on Thursday, October 29th. The basic materials company reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.23. The firm had revenue of $5.12 billion during the quarter, compared to analysts’ expectations of $5.11 billion. International Paper had a return on equity of 17.27% and a net margin of 2.37%. The company’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.09 EPS. As a group, analysts anticipate that International Paper will post 2.75 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be issued a $0.5125 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Friday, November 13th. International Paper’s dividend payout ratio (DPR) is 46.28%.

IP has been the topic of several recent research reports. BMO Capital Markets raised International Paper from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $40.00 to $53.00 in a research note on Monday, October 12th. Wells Fargo & Company raised International Paper from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $52.00 in a research note on Friday, October 9th. ValuEngine raised International Paper from a “sell” rating to a “hold” rating in a research note on Thursday, September 10th. DA Davidson reissued a “buy” rating on shares of International Paper in a research note on Friday, July 31st. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell upgraded International Paper from a “neutral” rating to a “buy” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.42.

International Paper Profile

International Paper Company operates as a paper and packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and the Americas. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating Kraft.

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

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