International Paper (NYSE:IP) Shares Acquired by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC increased its position in International Paper (NYSE:IP) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,018 shares of the basic materials company’s stock after purchasing an additional 545 shares during the period. Capital Investment Advisory Services LLC’s holdings in International Paper were worth $434,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of IP. CWM LLC grew its stake in International Paper by 61.9% in the third quarter. CWM LLC now owns 14,569 shares of the basic materials company’s stock worth $517,000 after purchasing an additional 5,569 shares in the last quarter. Global Retirement Partners LLC boosted its stake in International Paper by 20.7% in the third quarter. Global Retirement Partners LLC now owns 8,055 shares of the basic materials company’s stock valued at $285,000 after acquiring an additional 1,384 shares during the period. Exchange Traded Concepts LLC boosted its stake in International Paper by 421.1% in the third quarter. Exchange Traded Concepts LLC now owns 9,963 shares of the basic materials company’s stock valued at $353,000 after acquiring an additional 8,051 shares during the period. Occidental Asset Management LLC boosted its stake in International Paper by 2.7% in the third quarter. Occidental Asset Management LLC now owns 35,676 shares of the basic materials company’s stock valued at $1,265,000 after acquiring an additional 933 shares during the period. Finally, Welch Group LLC acquired a new position in International Paper in the third quarter valued at approximately $206,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other International Paper news, SVP James P. Jr. Royalty sold 5,800 shares of International Paper stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total transaction of $201,550.00. Following the transaction, the senior vice president now directly owns 69,488 shares in the company, valued at approximately $2,414,708. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 8,800 shares of company stock worth $310,438. Corporate insiders own 0.55% of the company’s stock.

International Paper Price Performance

NYSE IP opened at $34.41 on Wednesday. The stock has a market capitalization of $11.95 billion, a P/E ratio of 41.96 and a beta of 0.99. International Paper has a 1 year low of $29.00 and a 1 year high of $41.28. The business’s fifty day moving average is $36.72 and its two-hundred day moving average is $35.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.67.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.07. The company had revenue of $4.60 billion for the quarter, compared to analysts’ expectations of $4.67 billion. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The firm’s revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, research analysts forecast that International Paper will post 1.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on IP. StockNews.com downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Wells Fargo & Company decreased their target price on International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, February 2nd. Truist Financial restated a “buy” rating and issued a $40.00 target price on shares of International Paper in a research note on Wednesday, April 17th. Argus cut International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price target on shares of International Paper in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper has a consensus rating of “Hold” and a consensus price target of $37.13.

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.