134,742 Shares of International Paper Company $IP Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. bought a new stake in International Paper Company (NYSE:IP) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 134,742 shares of the basic materials company’s stock, valued at approximately $4,469,000.

Several other institutional investors and hedge funds also recently bought and sold shares of IP. BlackRock Inc. acquired a new stake in shares of International Paper during the 2nd quarter worth approximately $1,940,896,000. Bank of New York Mellon Corp purchased a new stake in shares of International Paper during the 2nd quarter valued at approximately $689,498,000. Atlas FRM LLC purchased a new stake in shares of International Paper during the 2nd quarter valued at approximately $374,904,000. Hill City Capital LP acquired a new position in International Paper in the second quarter valued at approximately $194,310,000. Finally, Bank of America Corp DE acquired a new position in International Paper in the second quarter valued at approximately $142,802,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper News Summary

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Analysts’ average price target is reported at $45.44, implying meaningful potential upside from the recent trading level. Citigroup also maintained a Buy rating, although it reduced its target to $41 from $47. International Paper Company Stock Has Average Target Price Citigroup International Paper price target
• Positive Sentiment: IP’s stock crossed above its 50-day moving average, a potentially constructive technical signal that may support near-term investor sentiment despite an analyst downgrade. International Paper crosses above 50-day moving average
• Neutral Sentiment: An earnings-call review describes a balance between operational gains and ongoing risks, suggesting that investors are weighing improvement opportunities against execution and industry challenges. International Paper earnings call balances gains and risks
• Negative Sentiment: JPMorgan Chase lowered its price target for IP, adding to evidence that some analysts see less near-term upside even as the broader target average remains above the current market level. JPMorgan cuts International Paper price target
• Negative Sentiment: A reported large loss raises concerns about profitability and weakens the case that the shares are clearly undervalued. International Paper posted a large loss
• Negative Sentiment: The company’s roughly 5.5% dividend yield is attracting attention, but free cash flow has turned negative while capital spending is expected to remain elevated. That raises questions about dividend sustainability and could limit investor enthusiasm. International Paper dividend and free cash flow analysis

International Paper Stock Up 1.0%

Shares of NYSE IP opened at $36.40 on Friday. The firm has a market cap of $19.28 billion, a price-to-earnings ratio of -5.55, a PEG ratio of 4.92 and a beta of 0.93. The company has a quick ratio of 0.84, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. International Paper Company has a 52-week low of $29.26 and a 52-week high of $50.25. The business’s 50 day moving average is $34.96 and its two-hundred day moving average is $37.43.

International Paper (NYSE:IP) last released its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.29 by $0.08. International Paper had a positive return on equity of 1.77% and a negative net margin of 14.32%. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business posted ($0.43) earnings per share. The company’s quarterly revenue was down .4% on a year-over-year basis. Research analysts predict that International Paper Company will post 1.13 EPS for the current year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.4625 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.85 annualized dividend and a dividend yield of 5.1%. International Paper’s dividend payout ratio (DPR) is presently -28.20%.

Wall Street Analyst Weigh In

IP has been the subject of several recent analyst reports. Bank of America reissued a “buy” rating on shares of International Paper in a research note on Thursday. Wells Fargo & Company decreased their price target on International Paper from $46.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 7th. Zacks Research upgraded International Paper from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Seaport Research Partners reissued a “buy” rating and set a $46.00 price objective on shares of International Paper in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a report on Saturday, October 3rd. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $45.44.

Insider Buying and Selling

In other International Paper news, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the sale, the chief accounting officer directly owned 34,248 shares in the company, valued at $1,437,046.08. This represents a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP William Hamic sold 24,500 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the completion of the transaction, the vice president owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.21% of the company’s stock.

International Paper Company Profile

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.