Trexquant Investment LP Has $3.24 Million Holdings in International Paper (NYSE:IP)

Trexquant Investment LP trimmed its position in shares of International Paper (NYSE:IPFree Report) by 41.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 89,584 shares of the basic materials company’s stock after selling 62,264 shares during the period. Trexquant Investment LP’s holdings in International Paper were worth $3,238,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IP. Manchester Capital Management LLC bought a new position in International Paper in the 3rd quarter valued at approximately $25,000. CVA Family Office LLC bought a new position in International Paper in the 4th quarter valued at approximately $27,000. Princeton Global Asset Management LLC bought a new position in International Paper in the 4th quarter valued at approximately $36,000. Venturi Wealth Management LLC raised its holdings in International Paper by 37.5% in the 4th quarter. Venturi Wealth Management LLC now owns 1,081 shares of the basic materials company’s stock valued at $39,000 after buying an additional 295 shares during the last quarter. Finally, First Command Advisory Services Inc. bought a new position in International Paper in the 3rd quarter valued at approximately $39,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Stock Up 2.9 %

NYSE IP traded up $1.30 during mid-day trading on Friday, hitting $45.46. The company’s stock had a trading volume of 9,638,081 shares, compared to its average volume of 7,872,275. The company’s 50 day simple moving average is $38.17 and its 200 day simple moving average is $36.52. International Paper has a twelve month low of $29.00 and a twelve month high of $46.10. The company has a current ratio of 1.68, a quick ratio of 1.22 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $15.79 billion, a price-to-earnings ratio of 92.78 and a beta of 1.01.

International Paper (NYSE:IPGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. International Paper had a return on equity of 7.45% and a net margin of 0.93%. International Paper’s revenue was down 8.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 earnings per share. Analysts anticipate that International Paper will post 1.85 earnings per share for the current year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 24th will be given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 23rd. International Paper’s dividend payout ratio is presently 377.55%.

Insider Activity

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the completion of the transaction, the senior vice president now owns 69,488 shares of the company’s stock, valued at $2,414,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 9,400 shares of company stock worth $334,570 over the last ninety days. Company insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and raised their price objective for the company from $37.00 to $42.00 in a report on Monday, March 4th. Jefferies Financial Group upgraded shares of International Paper from a “hold” rating to a “buy” rating and raised their price target for the stock from $38.00 to $57.00 in a report on Thursday. Argus lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Wells Fargo & Company lowered their price target on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, February 2nd. Finally, Truist Financial restated a “buy” rating and set a $40.00 price target on shares of International Paper in a report on Wednesday, April 17th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and a consensus price target of $42.14.

Read Our Latest Stock Analysis on International Paper

International Paper Profile

(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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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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