International Paper (NYSE:IP) Stock Position Lowered by TradeLink Capital LLC

TradeLink Capital LLC reduced its holdings in shares of International Paper (NYSE:IP) by 32.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,400 shares of the basic materials company’s stock after selling 13,400 shares during the quarter. International Paper comprises 14.6% of TradeLink Capital LLC’s investment portfolio, making the stock its biggest position. TradeLink Capital LLC’s holdings in International Paper were worth $1,475,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of IP. Brooklyn Investment Group purchased a new stake in shares of International Paper during the 3rd quarter valued at approximately $25,000. Sierra Ocean LLC purchased a new stake in International Paper in the 4th quarter worth approximately $26,000. Centricity Wealth Management LLC purchased a new stake in International Paper in the 4th quarter worth approximately $26,000. Ashton Thomas Securities LLC purchased a new stake in International Paper in the 3rd quarter worth approximately $28,000. Finally, Legacy Investment Solutions LLC purchased a new stake in International Paper in the 3rd quarter worth approximately $28,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

International Paper Stock Performance

International Paper stock opened at $52.39 on Friday. The firm’s fifty day moving average price is $55.49 and its 200-day moving average price is $53.27. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market cap of $27.56 billion, a P/E ratio of 33.37, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36.

International Paper (NYSE:IP) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, equities research analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s dividend payout ratio is currently 117.83%.

Analysts Set New Price Targets

IP has been the topic of several recent analyst reports. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a research note on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. Citigroup initiated coverage on shares of International Paper in a research note on Wednesday. They issued a “buy” rating and a $60.00 target price on the stock. Bank of America initiated coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. Finally, Truist Financial reiterated a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of International Paper in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $54.86.

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.