Inspire Investing LLC Has $374,000 Stake in International Paper (NYSE:IP)

Inspire Investing LLC lowered its holdings in International Paper (NYSE:IP) by 4.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,658 shares of the basic materials company’s stock after selling 320 shares during the quarter. Inspire Investing LLC’s holdings in International Paper were worth $374,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Wellington Management Group LLP grew its stake in shares of International Paper by 1,896.7% during the fourth quarter. Wellington Management Group LLP now owns 210,215 shares of the basic materials company’s stock valued at $7,599,000 after purchasing an additional 199,687 shares during the last quarter. HighPoint Advisor Group LLC bought a new position in International Paper in the 4th quarter valued at $178,000. Los Angeles Capital Management LLC acquired a new stake in shares of International Paper in the 1st quarter valued at $1,312,000. Mather Group LLC. bought a new stake in shares of International Paper during the first quarter worth $89,000. Finally, Czech National Bank lifted its stake in shares of International Paper by 0.5% during the first quarter. Czech National Bank now owns 60,897 shares of the basic materials company’s stock valued at $2,376,000 after acquiring an additional 295 shares during the period. Institutional investors own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on IP shares. Royal Bank of Canada lifted their price objective on International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Stifel Nicolaus began coverage on shares of International Paper in a research note on Tuesday, July 9th. They set a “hold” rating and a $48.70 price target for the company. Wells Fargo & Company raised their price objective on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Truist Financial upped their target price on shares of International Paper from $55.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, International Paper currently has a consensus rating of “Moderate Buy” and an average price target of $50.46.

Insider Activity

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $48.08, for a total value of $28,848.00. Following the sale, the director now owns 38,945 shares of the company’s stock, valued at $1,872,475.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Joseph R. Saab sold 2,440 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $47.30, for a total transaction of $115,412.00. Following the completion of the transaction, the senior vice president now directly owns 18,668 shares in the company, valued at $882,996.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $48.08, for a total value of $28,848.00. Following the sale, the director now owns 38,945 shares in the company, valued at $1,872,475.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,440 shares of company stock worth $934,142 over the last quarter. 0.55% of the stock is currently owned by company insiders.

International Paper Price Performance

Shares of IP stock opened at $46.78 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. International Paper has a 12-month low of $31.76 and a 12-month high of $50.68. The firm has a fifty day moving average of $47.94 and a 200-day moving average of $44.12. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 95.47 and a beta of 1.04.

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

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.4625 per share. The ex-dividend date is Friday, November 15th. This represents a $1.85 annualized dividend and a yield of 3.95%. International Paper’s dividend payout ratio (DPR) is currently 377.55%.

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.