<div id="readability-page-1"><p>Meyer Handelman Co. cut its holdings in  International Paper Company (NYSE:IP - Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor  owned 133,462 shares of the basic materials company's stock after selling 39,664 shares during the period. Meyer Handelman Co.'s holdings in International Paper were worth $6,193,000 as of its most recent filing with the Securities and Exchange Commission.</p><div><p><span></span><span>Get <strong>International Paper</strong> alerts:</span></p></div><ul><li>ScottsMiracle-Gro Stock Blooms After Investor Day Optimism </li></ul><p>Other institutional investors also recently modified their holdings of the company. Jump Financial LLC increased its stake in  International Paper by 5.7% in the first quarter. Jump Financial LLC now owns 10,000 shares of the basic materials company's stock valued at $534,000 after purchasing an additional 540 shares in the last quarter.  Corebridge Financial Inc. raised its position in shares of  International Paper by 54.4% during the first quarter. Corebridge Financial Inc. now owns 127,012 shares of the basic materials company's stock worth $6,776,000 after purchasing an additional 44,759 shares during the period.  Rafferty Asset Management LLC lifted its holdings in shares of  International Paper by 20.6% in the 1st quarter. Rafferty Asset Management LLC now owns 36,356 shares of the basic materials company's stock worth $1,940,000 after purchasing an additional 6,199 shares in the last quarter.  Gabelli Funds LLC increased its stake in  International Paper by 27.0% during the 1st quarter. Gabelli Funds LLC now owns 23,500 shares of the basic materials company's stock valued at $1,254,000 after purchasing an additional 5,000 shares in the last quarter.  Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in shares of  International Paper by 51.7% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 170,434 shares of the basic materials company's stock valued at $9,093,000 after buying an additional 58,054 shares in the last quarter. Institutional investors and hedge funds own  81.95% of the company's stock. </p><h2>Insiders Place Their Bets</h2><p>In other news, SVP Clay R. Ellis sold 18,819 shares of International Paper stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $36.85, for a total transaction of $693,480.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own  0.35% of the company's stock. </p><h2>International Paper Stock Up 1.4%</h2><ul><li>These 5 Penny Stocks Just Surged Double Digits</li></ul><p>IP opened at $39.91 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.31 and a debt-to-equity ratio of 0.52. International Paper Company has a twelve month low of $35.56 and a twelve month high of $60.15. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of -15.29, a PEG ratio of 3.01 and a beta of 1.09. The firm has a 50 day moving average price of $39.77 and a 200-day moving average price of $45.26. </p><p>International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.96). The firm had revenue of $6.22 billion for the quarter, compared to the consensus estimate of $6.76 billion. International Paper had a negative net margin of 5.45% and a negative return on equity of 0.16%. International Paper's quarterly revenue was up 56.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.33 earnings per share.  Equities research analysts forecast that  International Paper Company will post 2.77 earnings per share for the current year. </p><h2>International Paper Announces Dividend</h2><ul><li>The 8 best agricultural ETFs to consider for your portfolio</li></ul><p>The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th were issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.6%. International Paper's dividend payout ratio  is currently -70.88%. </p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of equities analysts have issued reports on the company. Wells Fargo &amp; Company cut their price target on International Paper from $44.00 to $36.00 and set an &#34;underweight&#34; rating for the company in a research note on Friday, October 31st. Truist Financial cut their price target on shares of International Paper from $55.00 to $53.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, October 13th. Jefferies Financial Group cut their target price on International Paper from $51.00 to $47.00 and set a &#34;buy&#34; rating on the stock in a research note on Wednesday, December 17th. Citigroup dropped their price target on International Paper from $55.00 to $46.00 and set a &#34;buy&#34; rating on the stock in a report on Monday, November 3rd. Finally, UBS Group decreased their target price on International Paper from $60.00 to $55.00 and set a &#34;buy&#34; rating for the company in a research report on Monday, October 6th. Ten investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned  a Sell rating to the company. According to data from MarketBeat.com, the company  has an average rating of &#34;Moderate Buy&#34; and an average target price of $49.23.</p><p><b>Get Our Latest Stock Analysis on IP</b></p><h2>International Paper Profile</h2> (Free Report)<p>International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.  </p><p>Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.</p><h2>Read More</h2><ul><li>Five stocks we like better than International Paper</li><li>Do not delete, read immediately</li><li>INVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting Off</li><li>Can Any Expenses Be Deducted From Capital Gains Tax?</li><li>Do you know what Amazon is planning for January 1?</li><li>Buffett, Gates and Bezos Quietly Dumping Stocks—Here's Why</li></ul><p><strong>Want to see what other hedge funds are holding IP?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Company (NYSE:IP - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUlQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in International Paper Right Now?</h2><p>Before you consider International Paper, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and International Paper wasn't on the list.</p><p>While International Paper currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Meyer Handelman Co. reduced its holdings in International Paper Company by 22.9% in the 3rd quarter, selling 39,664 shares. The firm's holdings are now worth $6,193,000. Other institutional investors also modified their holdings. International Paper reported a quarterly loss with revenue up 56.4% year-over-year. The company announced a quarterly dividend of $0.4625 per share. Analysts have mixed ratings, with some lowering price targets.</p>

Meyer Handelman Co. Sells 39,664 Shares of International Paper Company $IP