GAMMA Investing LLC Has $274,000 Stock Holdings in International Paper (NYSE:IP)

GAMMA Investing LLC raised its stake in International Paper (NYSE:IP) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,098 shares of the basic materials company’s stock after purchasing an additional 2,127 shares during the period. GAMMA Investing LLC’s holdings in International Paper were worth $274,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group acquired a new position in International Paper in the 3rd quarter valued at about $25,000. Ashton Thomas Securities LLC acquired a new position in shares of International Paper in the third quarter valued at approximately $28,000. Legacy Investment Solutions LLC acquired a new position in shares of International Paper in the third quarter valued at approximately $28,000. Versant Capital Management Inc lifted its holdings in International Paper by 313.3% during the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 448 shares during the last quarter. Finally, Eastern Bank bought a new stake in International Paper in the 3rd quarter valued at $40,000. 81.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

IP has been the subject of a number of research reports. Truist Financial lifted their target price on International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a report on Monday. Royal Bank of Canada boosted their price objective on shares of International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, BNP Paribas cut shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a report on Wednesday, November 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $51.99.

International Paper Stock Performance

Shares of NYSE:IP opened at $53.59 on Wednesday. The company’s 50 day simple moving average is $56.16 and its 200 day simple moving average is $50.10. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. International Paper has a 1 year low of $32.70 and a 1 year high of $60.36. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of 45.80 and a beta of 1.03.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. International Paper’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. As a group, research analysts predict that International Paper will post 1.18 EPS for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a $0.4625 dividend. The ex-dividend date was Friday, November 15th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.45%. International Paper’s payout ratio is currently 158.12%.

Insider Activity

In related news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the sale, the director now owns 38,345 shares in the company, valued at $2,051,457.50. The trade was a 1.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 2,400 shares of company stock worth $129,696. Corporate insiders own 0.55% of the company’s stock.

About International Paper

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.