Lauterbach Financial Advisors LLC Makes New Investment in International Paper (NYSE:IP)

Lauterbach Financial Advisors LLC acquired a new position in International Paper (NYSE:IP) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,254 shares of the basic materials company’s stock, valued at approximately $208,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in International Paper by 2.6% in the 3rd quarter. Principal Financial Group Inc. now owns 417,851 shares of the basic materials company’s stock valued at $20,412,000 after purchasing an additional 10,632 shares during the last quarter. Graypoint LLC purchased a new stake in International Paper during the 3rd quarter worth approximately $205,000. American Capital Advisory LLC increased its stake in International Paper by 12.9% during the 3rd quarter. American Capital Advisory LLC now owns 8,738 shares of the basic materials company’s stock worth $427,000 after buying an additional 1,000 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of International Paper in the 3rd quarter valued at approximately $79,000. Finally, QRG Capital Management Inc. increased its position in shares of International Paper by 3.8% in the 3rd quarter. QRG Capital Management Inc. now owns 279,288 shares of the basic materials company’s stock valued at $13,643,000 after purchasing an additional 10,260 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analysts Set New Price Targets

IP has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $61.00 target price (up previously from $57.00) on shares of International Paper in a research note on Friday, November 1st. Argus upgraded shares of 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. Wells Fargo & Company lifted their price target on shares of International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 25th. 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. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.96.

Insider Transactions at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $53.50, for a total value of $32,100.00. Following the completion of the transaction, the director now directly owns 38,345 shares in the company, valued at approximately $2,051,457.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the completion of the sale, the director now owns 38,345 shares of the company’s stock, valued at $2,051,457.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Clay R. Ellis sold 9,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total value of $439,470.00. Following the sale, the senior vice president now directly owns 49,832 shares of the company’s stock, valued at $2,433,296.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,440 shares of company stock valued at $938,486. 0.55% of the stock is owned by corporate insiders.

International Paper Price Performance

International Paper stock opened at $57.38 on Friday. The business’s 50-day simple moving average is $49.41 and its 200 day simple moving average is $45.70. International Paper has a 12-month low of $31.76 and a 12-month high of $59.52. The stock has a market cap of $19.93 billion, a price-to-earnings ratio of 49.04 and a beta of 1.02. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The firm had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the previous year, the firm earned $0.64 EPS. The business’s quarterly revenue was up 1.6% on a year-over-year basis. As a group, research analysts anticipate that International Paper will post 1.44 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Friday, November 15th. International Paper’s dividend payout ratio (DPR) is currently 158.12%.

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.