Investors bought shares of International Paper Co (NYSE:IP) on weakness during trading on Friday. $180.12 million flowed into the stock on the tick-up and $58.21 million flowed out of the stock on the tick-down, for a money net flow of $121.91 million into the stock. Of all equities tracked, International Paper had the 24th highest net in-flow for the day. International Paper traded down ($1.45) for the day and closed at $45.51

Several equities research analysts recently weighed in on IP shares. Wells Fargo & Co downgraded shares of International Paper from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 9th. Zacks Investment Research raised shares of International Paper from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Wednesday, December 19th. Deutsche Bank cut their target price on shares of International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, January 17th. Royal Bank of Canada upped their target price on shares of International Paper to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Finally, Citigroup reaffirmed a “buy” rating and set a $53.00 target price on shares of International Paper in a research note on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. International Paper currently has a consensus rating of “Hold” and an average target price of $54.58.

The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.49. The firm has a market capitalization of $18.21 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.95 and a beta of 1.57.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.83%. The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.86 billion. On average, research analysts expect that International Paper Co will post 5.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 21st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend was Wednesday, February 20th. International Paper’s dividend payout ratio (DPR) is presently 37.59%.

In other news, insider Timothy S. Nicholls sold 45,000 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $46.67, for a total value of $2,100,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John V. Sims sold 12,667 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $45.96, for a total transaction of $582,175.32. The disclosure for this sale can be found here. Insiders have sold a total of 85,760 shares of company stock valued at $4,016,587 in the last quarter. 0.32% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC boosted its stake in International Paper by 225.7% during the 4th quarter. Belpointe Asset Management LLC now owns 11,276 shares of the basic materials company’s stock worth $455,000 after purchasing an additional 7,814 shares during the period. Norges Bank acquired a new stake in International Paper during the 4th quarter worth $158,215,000. Actinver Wealth Management Inc. acquired a new stake in International Paper during the 4th quarter worth $265,000. Teacher Retirement System of Texas boosted its stake in International Paper by 655.0% during the 4th quarter. Teacher Retirement System of Texas now owns 349,698 shares of the basic materials company’s stock worth $14,114,000 after purchasing an additional 303,379 shares during the period. Finally, Coldstream Capital Management Inc. boosted its stake in International Paper by 3.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 39,975 shares of the basic materials company’s stock worth $1,613,000 after purchasing an additional 1,511 shares during the period. Institutional investors and hedge funds own 79.60% of the company’s stock.

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About International Paper (NYSE:IP)

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating Kraft.

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