Altrius Capital Management Inc Buys 296 Shares of International Paper (NYSE:IP)

Altrius Capital Management Inc lifted its position in International Paper (NYSE:IP) by 0.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 112,487 shares of the basic materials company’s stock after purchasing an additional 296 shares during the quarter. Altrius Capital Management Inc’s holdings in International Paper were worth $4,854,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. raised its holdings in shares of International Paper by 18.7% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,192 shares of the basic materials company’s stock worth $296,000 after acquiring an additional 1,288 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in International Paper by 1.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 87,545 shares of the basic materials company’s stock valued at $3,165,000 after purchasing an additional 856 shares in the last quarter. Quadrant Capital Group LLC raised its stake in International Paper by 12.9% during the fourth quarter. Quadrant Capital Group LLC now owns 4,141 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 474 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in International Paper by 9.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 89,792 shares of the basic materials company’s stock valued at $3,246,000 after purchasing an additional 7,636 shares during the last quarter. Finally, TrinityPoint Wealth LLC grew its stake in shares of International Paper by 6.8% in the 4th quarter. TrinityPoint Wealth LLC now owns 9,605 shares of the basic materials company’s stock worth $347,000 after buying an additional 608 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

Insider Transactions at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $49.48, for a total value of $29,688.00. Following the completion of the sale, the director now directly owns 39,802 shares in the company, valued at $1,969,402.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $49.48, for a total transaction of $29,688.00. Following the transaction, the director now directly owns 39,802 shares of the company’s stock, valued at $1,969,402.96. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joseph R. Saab sold 2,440 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $47.30, for a total value of $115,412.00. Following the sale, the senior vice president now owns 18,668 shares of the company’s stock, valued at approximately $882,996.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,440 shares of company stock valued at $927,956. 0.55% of the stock is currently owned by corporate insiders.

International Paper Trading Up 0.1 %

IP stock opened at $49.54 on Thursday. International Paper has a 12 month low of $31.76 and a 12 month high of $50.55. The firm’s 50-day moving average is $46.76 and its 200 day moving average is $42.54. The company has a market capitalization of $17.21 billion, a PE ratio of 101.10 and a beta of 1.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.59 and a quick ratio of 1.17.

International Paper (NYSE:IP) last issued its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14. The business had revenue of $4.73 billion for the quarter, compared to analyst estimates of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period last year, the company posted $0.59 earnings per share. On average, research analysts anticipate that International Paper will post 1.55 EPS for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, August 15th. International Paper’s dividend payout ratio is 377.55%.

Analyst Upgrades and Downgrades

IP has been the subject of several recent research reports. Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, August 14th. Seaport Res Ptn raised International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Jefferies Financial Group upgraded International Paper from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $57.00 in a research report on Thursday, May 23rd. Truist Financial boosted their price objective on shares of International Paper from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company raised their target price on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Three equities research analysts have rated the stock with 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.21.

International Paper 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.