True Freedom Investing LLC Buys 158,595 Shares of International Paper Company $IP

True Freedom Investing LLC acquired a new position in International Paper Company (NYSE:IP) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 158,595 shares of the basic materials company’s stock, valued at approximately $5,261,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Stephens Inc. AR lifted its stake in shares of International Paper by 1.3% during the first quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after purchasing an additional 298 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in International Paper by 2.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company’s stock worth $523,000 after acquiring an additional 302 shares during the period. Ranch Capital Advisors Inc. grew its position in International Paper by 0.8% in the first quarter. Ranch Capital Advisors Inc. now owns 45,785 shares of the basic materials company’s stock valued at $1,635,000 after acquiring an additional 364 shares in the last quarter. Arvest Bank Trust Division grew its position in International Paper by 1.2% in the first quarter. Arvest Bank Trust Division now owns 41,480 shares of the basic materials company’s stock valued at $1,481,000 after acquiring an additional 509 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of International Paper by 8.8% during the second quarter. GAMMA Investing LLC now owns 6,382 shares of the basic materials company’s stock valued at $243,000 after purchasing an additional 517 shares during the period. 81.95% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at International Paper

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

International Paper Trading Up 0.1%

Shares of NYSE:IP opened at $36.40 on Monday. The company has a 50 day moving average of $34.96 and a 200-day moving average of $37.43. The company has a current ratio of 1.01, a quick ratio of 0.77 and a debt-to-equity ratio of 0.59. The firm has a market cap of $19.28 billion, a P/E ratio of -5.55, a P/E/G ratio of 5.38 and a beta of 0.97. International Paper Company has a twelve month low of $29.26 and a twelve month high of $50.25.

International Paper (NYSE:IP) last posted its quarterly earnings results on Wednesday, October 28th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.08. The firm had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.28 billion. International Paper had a negative net margin of 14.32% and a positive return on equity of 1.77%. The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.43) earnings per share. As a group, analysts anticipate that International Paper Company will post 1.13 earnings per share for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a $0.4625 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.1%. International Paper’s dividend payout ratio (DPR) is -28.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their price objective on shares of International Paper from $62.00 to $51.00 and set an “overweight” rating for the company in a research report on Thursday. Weiss Ratings lowered International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research report on Thursday, October 8th. Wall Street Zen cut International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. UBS Group cut their price target on International Paper from $47.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Finally, Royal Bank Of Canada increased their price target on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $45.44.

About International Paper

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.