International Paper (NYSE:IP) VP Holly G. Goughnour Sells 5,000 Shares of Stock

International Paper (NYSE:IP) VP Holly G. Goughnour sold 5,000 shares of International Paper stock in a transaction on Friday, September 6th. The stock was sold at an average price of $47.22, for a total transaction of $236,100.00. Following the completion of the transaction, the vice president now directly owns 16,788 shares in the company, valued at $792,729.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

International Paper Price Performance

Shares of NYSE IP opened at $47.11 on Friday. International Paper has a 52 week low of $31.76 and a 52 week high of $49.24. The business’s 50 day moving average price is $45.92 and its 200 day moving average price is $41.73. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62. The firm has a market cap of $16.36 billion, a P/E ratio of 96.14 and a beta of 1.04.

International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.41 by $0.14. The business had revenue of $4.73 billion during the quarter, compared to analysts’ expectations of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.59 EPS. On average, sell-side analysts expect that International Paper will post 1.55 earnings per share for the current year.

International Paper Announces Dividend

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 given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.93%. The ex-dividend date is Thursday, August 15th. International Paper’s dividend payout ratio is currently 377.55%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of IP. Retirement Systems of Alabama boosted its stake in shares of International Paper by 0.3% during the 2nd quarter. Retirement Systems of Alabama now owns 76,616 shares of the basic materials company’s stock worth $3,306,000 after acquiring an additional 246 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in International Paper by 27.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 1,157 shares of the basic materials company’s stock worth $50,000 after purchasing an additional 251 shares in the last quarter. Czech National Bank grew its holdings in International Paper by 0.5% in the first quarter. Czech National Bank now owns 60,897 shares of the basic materials company’s stock valued at $2,376,000 after purchasing an additional 295 shares during the period. Altrius Capital Management Inc increased its position in shares of International Paper by 0.3% in the second quarter. Altrius Capital Management Inc now owns 112,487 shares of the basic materials company’s stock valued at $4,854,000 after buying an additional 296 shares in the last quarter. Finally, Kentucky Retirement Systems raised its stake in shares of International Paper by 1.1% during the 4th quarter. Kentucky Retirement Systems now owns 27,685 shares of the basic materials company’s stock worth $1,001,000 after buying an additional 298 shares during the period. 81.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on IP shares. Truist Financial boosted their target price on International Paper from $52.00 to $55.00 and gave the stock a “buy” rating in a research note on Tuesday, July 16th. Argus upgraded International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, August 14th. Stifel Nicolaus assumed coverage on shares of International Paper in a report on Tuesday, July 9th. They set a “hold” rating and a $48.70 price objective on the stock. Jefferies Financial Group upgraded shares of International Paper from a “hold” rating to a “buy” rating and lifted their target price for the stock from $38.00 to $57.00 in a research note on Thursday, May 23rd. Finally, Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.21.

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.