International Paper (NYSE:IP) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lowered its position in International Paper (NYSE:IP) by 2.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,683 shares of the basic materials company’s stock after selling 225 shares during the quarter. Focus Financial Network Inc.’s holdings in International Paper were worth $397,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of IP. Jones Financial Companies Lllp lifted its holdings in shares of International Paper by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock valued at $25,000 after buying an additional 475 shares during the period. MCF Advisors LLC increased its stake in International Paper by 1,094.7% in the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 624 shares during the last quarter. Crewe Advisors LLC acquired a new position in shares of International Paper in the 1st quarter valued at $29,000. Assetmark Inc. increased its stake in International Paper by 309.0% during the fourth quarter. Assetmark Inc. now owns 859 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 649 shares during the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in International Paper during the fourth quarter worth approximately $37,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Friday, May 31st. The shares were sold at an average price of $44.58, for a total transaction of $26,748.00. Following the completion of the sale, the director now owns 45,479 shares of the company’s stock, valued at $2,027,453.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,600 shares of company stock valued at $161,100 over the last three months. 0.55% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their target price 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. Royal Bank of Canada lifted their price target on shares of International Paper from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Seaport Res Ptn upgraded International Paper from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 28th. Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, August 14th. Finally, Jefferies Financial Group raised shares of International Paper from a “hold” rating to a “buy” rating and upped their price objective for the stock from $38.00 to $57.00 in a report on Thursday, May 23rd. Three investment 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.21.

International Paper Price Performance

NYSE:IP traded up $0.42 on Wednesday, reaching $47.87. The stock had a trading volume of 981,815 shares, compared to its average volume of 5,659,658. The company has a market capitalization of $16.63 billion, a P/E ratio of 96.84 and a beta of 1.06. International Paper has a 1-year low of $31.76 and a 1-year high of $48.17. The stock has a fifty day moving average price of $45.25 and a 200-day moving average price of $40.60. 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 (NYSE:IP) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.14. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The firm had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.78 billion. During the same period in the previous year, the business posted $0.59 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts forecast that International Paper will post 1.64 EPS for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.85 annualized dividend and a yield of 3.86%. International Paper’s dividend payout ratio (DPR) is presently 377.55%.

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.