Hantz Financial Services Inc. Raises Holdings in International Paper Company $IP

Hantz Financial Services Inc. lifted its stake in International Paper Company (NYSE:IP) by 1.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 81,468 shares of the basic materials company’s stock after buying an additional 806 shares during the quarter. Hantz Financial Services Inc.’s holdings in International Paper were worth $3,815,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. Rise Advisors LLC increased its holdings in shares of International Paper by 281.3% during the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 346 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of International Paper by 63,400.0% during the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 634 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in International Paper during the second quarter valued at $33,000. Zions Bancorporation National Association UT acquired a new stake in International Paper during the first quarter valued at $34,000. Finally, Quintet Private Bank Europe S.A. acquired a new stake in International Paper during the second quarter valued at $37,000. 81.95% of the stock is owned by institutional investors and hedge funds.

Insider Activity at International Paper

In other news, SVP Joseph R. Saab sold 9,000 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the completion of the sale, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. This represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IP shares. Wells Fargo & Company lowered their target price on shares of International Paper from $44.00 to $36.00 and set an “underweight” rating on the stock in a research note on Friday. Wall Street Zen cut International Paper from a “hold” rating to a “sell” rating in a report on Saturday, October 18th. JPMorgan Chase & Co. cut their price objective on International Paper from $54.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday. Stifel Nicolaus set a $57.80 price objective on International Paper and gave the company a “buy” rating in a research report on Friday, October 17th. Finally, Bank of America raised shares of International Paper from a “neutral” rating to a “buy” rating and lifted their price target for the company from $55.00 to $57.00 in a research note on Thursday, August 28th. Seven analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, International Paper currently has an average rating of “Hold” and an average price target of $51.95.

International Paper Price Performance

NYSE:IP opened at $38.66 on Friday. International Paper Company has a 12 month low of $37.70 and a 12 month high of $60.36. The stock has a 50 day moving average of $46.78 and a two-hundred day moving average of $47.74. The company has a current ratio of 1.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.52. The firm has a market cap of $20.41 billion, a P/E ratio of -386.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.10.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). The firm had revenue of $6.22 billion during the quarter, compared to analyst estimates of $6.76 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business’s revenue was up 56.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 earnings per share. On average, analysts expect that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 4.8%. International Paper’s payout ratio is currently -70.88%.

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.