Key Points
- SVP Clay Ellis sold 18,819 shares of International Paper on November 18 at an average price of $36.85, totaling about $693,480, according to an SEC Form 4 filing.
- International Paper missed quarterly expectations, reporting EPS of ($0.43) vs. $0.53 expected and revenue of $6.22 billion (vs. $6.76 billion expected) despite revenue rising 56.4% year‑over‑year, and posted a negative net margin of 5.45%.
- The company paid a $0.4625 quarterly dividend (annualized $1.85) for a ~4.8% yield, while analysts' consensus rating is "Moderate Buy" with an average price target of $50.44.
International Paper Company (NYSE:IP - Get Free Report) SVP Clay Ellis sold 18,819 shares of the business's stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $36.85, for a total transaction of $693,480.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
International Paper Stock Up 0.1%
IP stock opened at $38.74 on Thursday. International Paper Company has a one year low of $35.56 and a one year high of $60.15. The firm has a market cap of $20.46 billion, a PE ratio of -14.84, a PEG ratio of 1.22 and a beta of 1.09. The firm's 50 day moving average price is $40.78 and its 200-day moving average price is $45.64. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.31.
International Paper (NYSE:IP - Get Free Report) last posted its earnings results on Thursday, October 30th. The basic materials company reported ($0.43) EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.96). International Paper had a negative net margin of 5.45% and a negative return on equity of 0.16%. The business had revenue of $6.22 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. International Paper's revenue for the quarter was up 56.4% compared to the same quarter last year. On average, equities research analysts anticipate that International Paper Company will post 2.77 EPS for the current year.
International Paper Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.8%. International Paper's dividend payout ratio is currently -70.88%.
Institutional Investors Weigh In On International Paper
Large investors have recently added to or reduced their stakes in the business. AIA Group Ltd boosted its position in International Paper by 24.7% during the third quarter. AIA Group Ltd now owns 16,998 shares of the basic materials company's stock worth $789,000 after acquiring an additional 3,372 shares during the last quarter. Hudson Bay Capital Management LP raised its stake in shares of International Paper by 63.3% in the 3rd quarter. Hudson Bay Capital Management LP now owns 107,714 shares of the basic materials company's stock valued at $4,998,000 after acquiring an additional 41,746 shares during the period. Saranac Partners Ltd purchased a new position in International Paper in the 3rd quarter worth approximately $112,000. Swiss Life Asset Management Ltd increased its stake in International Paper by 9.6% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 152,684 shares of the basic materials company's stock worth $7,085,000 after buying an additional 13,333 shares during the period. Finally, KERR FINANCIAL PLANNING Corp acquired a new position in shares of International Paper in the third quarter worth about $56,000. 81.95% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on IP shares. Royal Bank Of Canada cut their target price on International Paper from $61.00 to $57.00 and set an "outperform" rating on the stock in a research report on Friday, October 31st. Wells Fargo & Company lowered their target price on International Paper from $44.00 to $36.00 and set an "underweight" rating for the company in a report on Friday, October 31st. Zacks Research upgraded shares of International Paper from a "strong sell" rating to a "hold" rating in a research note on Friday, December 12th. Wall Street Zen cut shares of International Paper from a "hold" rating to a "sell" rating in a report on Saturday, October 18th. Finally, Seaport Res Ptn cut International Paper from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Nine equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $50.44.
Get Our Latest Stock Analysis on IP
International Paper Company Profile
(
Get Free Report)
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.
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