284,400 Shares in International Paper Company $IP Purchased by Maple Rock Capital Partners Inc.

Maple Rock Capital Partners Inc. acquired a new stake in International Paper Company (NYSE:IP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 284,400 shares of the basic materials company’s stock, valued at approximately $10,836,000. Maple Rock Capital Partners Inc. owned 0.05% of International Paper at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. MCF Advisors LLC increased its stake in shares of International Paper by 36.7% during the fourth quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 229 shares in the last quarter. Rothschild Investment LLC lifted its stake in International Paper by 4.2% in the 4th quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock valued at $236,000 after buying an additional 242 shares in the last quarter. Independent Advisor Alliance boosted its holdings in International Paper by 3.3% in the 4th quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock worth $305,000 after buying an additional 244 shares during the last quarter. Horizon Investments LLC boosted its holdings in International Paper by 3.3% in the 4th quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock worth $333,000 after buying an additional 267 shares during the last quarter. Finally, Stephens Inc. AR increased its stake in International Paper by 1.3% during the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after buying an additional 298 shares in the last quarter. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, VP William Thomas Hamic sold 24,500 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the sale, the vice president directly owned 106,952 shares in the company, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the transaction, the chief accounting officer directly owned 34,248 shares in the company, valued at $1,437,046.08. This trade represents a 9.27% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.21% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank Of Canada increased their target price on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Bank of America downgraded International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Tuesday, July 14th. Weiss Ratings raised shares of International Paper from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 21st. UBS Group boosted their price target on shares of International Paper from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Loop Capital set a $61.00 target price on International Paper in a research note on Tuesday, July 28th. Nine investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, International Paper presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.75.

International Paper Stock Down 3.4%

Shares of NYSE IP opened at $37.96 on Tuesday. The stock has a market cap of $20.10 billion, a P/E ratio of -5.82 and a beta of 0.94. The business’s fifty day simple moving average is $39.64 and its 200-day simple moving average is $37.67. International Paper Company has a 12-month low of $29.26 and a 12-month high of $50.25. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.08. The company had revenue of $6 billion for the quarter, compared to the consensus estimate of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.International Paper’s revenue was down 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.20 EPS. As a group, equities analysts predict that International Paper Company will post 1.34 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio is presently -28.37%.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.