2,061,780 Shares in International Paper (NYSE:IP) Purchased by Samlyn Capital LLC

Samlyn Capital LLC acquired a new position in shares of International Paper (NYSE:IP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,061,780 shares of the basic materials company’s stock, valued at approximately $88,966,000. International Paper accounts for 1.5% of Samlyn Capital LLC’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. TrinityPoint Wealth LLC raised its stake in International Paper by 6.8% during the fourth quarter. TrinityPoint Wealth LLC now owns 9,605 shares of the basic materials company’s stock worth $347,000 after acquiring an additional 608 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in International Paper during the fourth quarter worth about $230,000. Corient Private Wealth LLC increased its stake in shares of International Paper by 0.7% in the fourth quarter. Corient Private Wealth LLC now owns 68,289 shares of the basic materials company’s stock valued at $2,469,000 after buying an additional 496 shares during the period. Assetmark Inc. increased its stake in shares of International Paper by 309.0% in the fourth quarter. Assetmark Inc. now owns 859 shares of the basic materials company’s stock valued at $31,000 after buying an additional 649 shares during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of International Paper by 5.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 164,895 shares of the basic materials company’s stock valued at $5,961,000 after buying an additional 8,933 shares during the period. Institutional investors own 81.95% of the company’s stock.

International Paper Price Performance

International Paper stock opened at $48.42 on Tuesday. The stock has a market capitalization of $16.82 billion, a price-to-earnings ratio of 98.82 and a beta of 1.04. International Paper has a 52-week low of $31.76 and a 52-week high of $50.68. The stock’s 50 day moving average price is $47.09 and its two-hundred day moving average price is $42.87. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.59.

International Paper (NYSE:IP) last posted its quarterly earnings results on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.14. The firm had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.59 EPS. On average, equities analysts predict that International Paper will post 1.55 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, August 15th. International Paper’s payout ratio is 377.55%.

Insiders Place Their Bets

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $49.48, for a total transaction of $29,688.00. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $1,969,402.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $49.48, for a total value of $29,688.00. Following the transaction, the director now directly owns 39,802 shares in the company, valued at approximately $1,969,402.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Joseph R. Saab sold 2,440 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $47.30, for a total value of $115,412.00. Following the completion of the transaction, the senior vice president now owns 18,668 shares in the company, valued at $882,996.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,440 shares of company stock worth $927,956. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IP. Wells Fargo & Company upped their price objective on International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Royal Bank of Canada upped their price objective on International Paper from $52.00 to $56.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Seaport Res Ptn raised International Paper from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 28th. Stifel Nicolaus began coverage on International Paper in a research note on Tuesday, July 9th. They issued a “hold” rating and a $48.70 price objective for the company. Finally, Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and an average price target of $50.21.

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.