Disciplined Equity Management Inc. Has $1.20 Million Stock Holdings in International Paper (NYSE:IP)

Disciplined Equity Management Inc. cut its holdings in shares of International Paper (NYSE:IP) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,860 shares of the basic materials company’s stock after selling 310 shares during the quarter. International Paper makes up 0.8% of Disciplined Equity Management Inc.’s portfolio, making the stock its 18th largest position. Disciplined Equity Management Inc.’s holdings in International Paper were worth $1,204,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Glenmede Trust Co. NA increased its stake in shares of International Paper by 24.4% in the third quarter. Glenmede Trust Co. NA now owns 10,897 shares of the basic materials company’s stock valued at $387,000 after buying an additional 2,139 shares during the period. Seven Eight Capital LP acquired a new position in International Paper during the 3rd quarter worth approximately $251,000. The Manufacturers Life Insurance Company lifted its holdings in shares of International Paper by 138.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 682,775 shares of the basic materials company’s stock worth $24,218,000 after purchasing an additional 396,427 shares in the last quarter. Toroso Investments LLC increased its position in shares of International Paper by 35.2% during the third quarter. Toroso Investments LLC now owns 31,422 shares of the basic materials company’s stock worth $1,115,000 after acquiring an additional 8,178 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its stake in shares of International Paper by 1.5% in the third quarter. Mercer Global Advisors Inc. ADV now owns 115,181 shares of the basic materials company’s stock worth $4,085,000 after purchasing an additional 1,726 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.

Analyst Ratings Changes

IP has been the subject of several research analyst reports. Seaport Res Ptn raised International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Truist Financial restated a “buy” rating and issued a $52.00 target price on shares of International Paper in a research note on Thursday, June 27th. Wells Fargo & Company upped their price target on shares of International Paper from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Wednesday. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $46.00 in a research note on Wednesday, March 20th. Finally, Stifel Nicolaus started coverage on International Paper in a research report on Tuesday. They issued a “hold” rating and a $48.70 target price for the company. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, International Paper has an average rating of “Moderate Buy” and a consensus price target of $45.46.

Insider Buying and Selling

In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $42.77, for a total value of $25,662.00. Following the completion of the sale, the director now directly owns 42,802 shares of the company’s stock, valued at $1,830,641.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 3,600 shares of company stock worth $147,054 in the last 90 days. Insiders own 0.55% of the company’s stock.

International Paper Stock Up 0.5 %

NYSE:IP traded up $0.21 during mid-day trading on Thursday, hitting $42.91. 4,210,761 shares of the company’s stock traded hands, compared to its average volume of 5,765,349. The company has a market capitalization of $14.90 billion, a P/E ratio of 87.10 and a beta of 1.06. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.68. The company has a fifty day moving average of $43.13 and a 200 day moving average of $38.74. International Paper has a twelve month low of $30.78 and a twelve month high of $47.40.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.06). The business had revenue of $4.62 billion during the quarter, compared to analysts’ expectations of $4.56 billion. International Paper had a net margin of 0.93% and a return on equity of 7.45%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period last year, the company earned $0.53 earnings per share. On average, analysts forecast that International Paper will post 1.9 EPS for the current year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.31%. The ex-dividend date is Thursday, August 15th. International Paper’s payout ratio is presently 377.55%.

International Paper Company 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.