William Thomas Hamic Sells 24,500 Shares of International Paper (NYSE:IP) Stock

William Thomas Hamic, VP of International Paper (NYSE:IP), sold 24,500 shares of the company's stock for approximately $1.01 million, reducing his stake by 18.64%. The company recently reported quarterly EPS of $0.04, beating estimates, but revenue declined 11.3% year over year to $6 billion. International Paper also declared a quarterly dividend of $0.4625 per share, yielding 4.5%, and maintains a "Moderate Buy" consensus rating among analysts.