WINTON GROUP Ltd Makes New Investment in International Paper Company $IP

WINTON GROUP Ltd purchased a new stake in shares of International Paper Company (NYSE:IP) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 31,556 shares of the basic materials company’s stock, valued at approximately $1,202,000.

Other hedge funds have also bought and sold shares of the company. 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 valued at $34,000 after purchasing an additional 229 shares in the last quarter. Rothschild Investment LLC boosted its position in shares of International Paper by 4.2% in the 4th quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock worth $236,000 after purchasing an additional 242 shares in the last quarter. Independent Advisor Alliance grew its stake in shares of 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. Stephens Inc. AR increased its position 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 valued at $853,000 after buying an additional 298 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its position in International Paper by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company’s stock valued at $523,000 after buying an additional 302 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Up 0.2%

Shares of International Paper stock opened at $34.41 on Monday. International Paper Company has a twelve month low of $29.26 and a twelve month high of $50.25. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $39.21 and its 200 day moving average is $36.91. The company has a market cap of $18.22 billion, a price-to-earnings ratio of -5.28, a price-to-earnings-growth ratio of 4.32 and a beta of 0.93.

International Paper (NYSE:IP) last announced its earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Research analysts anticipate that International Paper Company will post 1.33 EPS for the current year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date is Friday, August 14th. International Paper’s dividend payout ratio is -28.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on IP. Bank of America upgraded International Paper from a “neutral” rating to a “buy” rating and set a $46.00 price target for the company in a report on Friday. Weiss Ratings raised shares of International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, August 25th. Wells Fargo & Company upped their target price on shares of International Paper from $42.00 to $46.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. Finally, UBS Group increased their price target on shares of International Paper from $40.00 to $47.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, International Paper presently has an average rating of “Moderate Buy” and a consensus price target of $49.13.

Insiders Place Their Bets

In other International Paper news, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the transaction, the chief accounting officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $1,009,400.00. Following the completion of the transaction, the vice president directly owned 106,952 shares in the company, valued at $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by corporate insiders.

About International Paper

International Paper Company (NYSE: IP) is a global producer of sustainable packaging and paper-based products. The company manufactures containerboard, corrugated packaging, and other fiber-based packaging solutions used to transport and protect goods across a range of industries. Its offerings also include absorbent pulp and cellulose fibers used in products such as diapers, hygiene items, and other consumer and industrial applications.

Founded in 1898, International Paper has grown through the development and operation of paper mills, packaging facilities, and related manufacturing assets.