Barry Investment Advisors LLC Takes Position in International Paper (NYSE:IP)

Barry Investment Advisors LLC acquired a new stake in International Paper (NYSE:IP) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,912 shares of the basic materials company’s stock, valued at approximately $211,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IP. MBB Public Markets I LLC acquired a new stake in shares of International Paper during the 2nd quarter worth about $1,012,000. The Manufacturers Life Insurance Company raised its position in shares of International Paper by 5.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 691,547 shares of the basic materials company’s stock worth $29,840,000 after acquiring an additional 34,872 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of International Paper by 4.7% during the 2nd quarter. Mackenzie Financial Corp now owns 31,775 shares of the basic materials company’s stock worth $1,371,000 after acquiring an additional 1,420 shares in the last quarter. Creative Planning raised its position in shares of International Paper by 6.1% during the 2nd quarter. Creative Planning now owns 68,425 shares of the basic materials company’s stock worth $2,953,000 after acquiring an additional 3,947 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of International Paper by 4.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 38,426 shares of the basic materials company’s stock worth $1,658,000 after acquiring an additional 1,490 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Trading Down 0.3 %

Shares of IP stock opened at $59.10 on Wednesday. The business’s 50 day moving average is $56.17 and its two-hundred day moving average is $51.35. International Paper has a twelve month low of $32.70 and a twelve month high of $60.36. The company has a market capitalization of $20.53 billion, a P/E ratio of 50.51 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last announced its earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, beating 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 company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period last year, the business posted $0.64 EPS. The company’s revenue was up 1.6% on a year-over-year basis. Equities analysts forecast that International Paper will post 1.18 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.13%. International Paper’s dividend payout ratio (DPR) is presently 158.12%.

Wall Street Analyst Weigh In

IP has been the topic of several research analyst reports. Truist Financial raised their target price on International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. BNP Paribas lowered International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada lifted their price target on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and an average target price of $51.99.

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $56.19, for a total value of $33,714.00. Following the sale, the director now directly owns 37,745 shares in the company, valued at $2,120,891.55. The trade was a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 1,800 shares of company stock worth $100,848 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

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.