Yousif Capital Management LLC Has $2.74 Million Stake in International Paper (NYSE:IP)

Yousif Capital Management LLC lowered its stake in International Paper (NYSE:IP) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,884 shares of the basic materials company’s stock after selling 1,177 shares during the quarter. Yousif Capital Management LLC’s holdings in International Paper were worth $2,739,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the stock. E. Ohman J or Asset Management AB raised its position in shares of International Paper by 17.5% during the fourth quarter. E. Ohman J or Asset Management AB now owns 16,100 shares of the basic materials company’s stock worth $867,000 after acquiring an additional 2,400 shares during the last quarter. Mather Group LLC. raised its holdings in International Paper by 11.5% during the 4th quarter. Mather Group LLC. now owns 13,485 shares of the basic materials company’s stock worth $726,000 after purchasing an additional 1,388 shares during the last quarter. Greenleaf Trust lifted its position in International Paper by 6.7% during the 4th quarter. Greenleaf Trust now owns 9,020 shares of the basic materials company’s stock valued at $485,000 after purchasing an additional 568 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of International Paper by 4.7% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 22,169 shares of the basic materials company’s stock valued at $1,193,000 after purchasing an additional 990 shares during the last quarter. Finally, Symphony Financial Ltd. Co. grew its position in shares of International Paper by 5.9% during the 4th quarter. Symphony Financial Ltd. Co. now owns 30,919 shares of the basic materials company’s stock worth $1,794,000 after buying an additional 1,709 shares during the period. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Performance

NYSE:IP opened at $56.15 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. The company has a market cap of $19.51 billion, a price-to-earnings ratio of 35.76 and a beta of 1.02. The stock has a fifty day moving average price of $55.68 and a 200-day moving average price of $51.99.

International Paper (NYSE:IP) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. As a group, equities analysts anticipate that International Paper will post 2.89 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Monday, February 24th. International Paper’s payout ratio is 117.84%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research report on Wednesday, November 13th. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a report on Friday, January 31st. Finally, Truist Financial restated a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.88.

Insiders Place Their Bets

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $58.39, for a total transaction of $35,034.00. Following the transaction, the director now directly owns 37,145 shares in the company, valued at approximately $2,168,896.55. This represents a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.55% of the company’s stock.

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.