Altrius Capital Management Inc Purchases 296 Shares of International Paper (NYSE:IP)

Altrius Capital Management Inc raised its position in International Paper (NYSE:IP) by 0.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,487 shares of the basic materials company’s stock after acquiring an additional 296 shares during the period. Altrius Capital Management Inc’s holdings in International Paper were worth $4,854,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blair William & Co. IL boosted its position in shares of International Paper by 1.6% in the 2nd quarter. Blair William & Co. IL now owns 71,764 shares of the basic materials company’s stock worth $3,097,000 after purchasing an additional 1,120 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in International Paper by 23.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 40,676 shares of the basic materials company’s stock worth $1,755,000 after acquiring an additional 7,820 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in International Paper in the second quarter worth about $206,000. Mercer Global Advisors Inc. ADV grew its stake in shares of International Paper by 0.7% during the second quarter. Mercer Global Advisors Inc. ADV now owns 122,648 shares of the basic materials company’s stock worth $5,292,000 after acquiring an additional 851 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of International Paper during the second quarter valued at about $119,012,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other International Paper news, SVP Clay R. Ellis sold 9,000 shares of International Paper stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $48.83, for a total value of $439,470.00. Following the completion of the transaction, the senior vice president now owns 49,832 shares of the company’s stock, valued at $2,433,296.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Monday, September 16th. The shares were sold at an average price of $49.48, for a total value of $29,688.00. Following the sale, the director now owns 39,802 shares of the company’s stock, valued at approximately $1,969,402.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Clay R. Ellis sold 9,000 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total transaction of $439,470.00. Following the completion of the sale, the senior vice president now directly owns 49,832 shares of the company’s stock, valued at approximately $2,433,296.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,440 shares of company stock valued at $927,956. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on IP shares. Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday, August 14th. Wells Fargo & Company boosted their price objective on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Stifel Nicolaus assumed coverage on International Paper in a research note on Tuesday, July 9th. They issued a “hold” rating and a $48.70 target price for the company. Seaport Res Ptn raised International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Truist Financial increased their price objective on International Paper from $52.00 to $55.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.21.

International Paper Price Performance

Shares of IP opened at $49.54 on Thursday. The business’s 50-day moving average is $46.76 and its two-hundred day moving average is $42.54. The company has a market capitalization of $17.21 billion, a P/E ratio of 101.10 and a beta of 1.04. International Paper has a fifty-two week low of $31.76 and a fifty-two week high of $50.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.59.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 EPS 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 for the quarter, compared to analyst estimates of $4.78 billion. During the same period last year, the company earned $0.59 earnings per share. International Paper’s revenue for the quarter was up 1.1% compared to the same quarter last year. Research analysts predict that International Paper will post 1.55 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend was Thursday, August 15th. International Paper’s dividend payout ratio is currently 377.55%.

International Paper 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.