40,418 Shares in International Paper (NYSE:IP) Bought by Sapient Capital LLC

Sapient Capital LLC acquired a new stake in International Paper (NYSE:IP) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 40,418 shares of the basic materials company’s stock, valued at approximately $1,461,000.

Other large investors also recently modified their holdings of the company. Pathstone Family Office LLC acquired a new stake in shares of International Paper in the 3rd quarter valued at about $1,164,000. StrategIQ Financial Group LLC acquired a new position in International Paper in the fourth quarter worth $2,271,000. Metis Global Partners LLC increased its stake in International Paper by 6.7% during the third quarter. Metis Global Partners LLC now owns 21,824 shares of the basic materials company’s stock valued at $774,000 after purchasing an additional 1,376 shares during the last quarter. SteelPeak Wealth LLC increased its stake in International Paper by 40.5% during the third quarter. SteelPeak Wealth LLC now owns 20,935 shares of the basic materials company’s stock valued at $743,000 after purchasing an additional 6,033 shares during the last quarter. Finally, Mackenzie Financial Corp raised its holdings in shares of International Paper by 263.1% during the fourth quarter. Mackenzie Financial Corp now owns 114,824 shares of the basic materials company’s stock worth $4,151,000 after purchasing an additional 83,203 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

IP stock traded up $0.47 during trading hours on Friday, hitting $36.28. 5,818,438 shares of the stock traded hands, compared to its average volume of 6,977,804. The stock has a 50-day simple moving average of $36.65 and a 200 day simple moving average of $35.81. The company has a market cap of $12.60 billion, a P/E ratio of 74.06 and a beta of 1.01. International Paper has a one year low of $29.00 and a one year high of $41.28. The company has a current ratio of 1.68, a quick ratio of 1.22 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). International Paper had a net margin of 0.93% and a return on equity of 7.45%. The business had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter last year, the business posted $0.53 EPS. The business’s revenue for the quarter was down 8.0% on a year-over-year basis. Equities analysts forecast that International Paper will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on IP shares. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 target price on shares of International Paper in a research note on Friday, February 2nd. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and upped their price target for the stock from $37.00 to $42.00 in a research report on Monday, March 4th. Citigroup upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $46.00 in a research report on Wednesday, March 20th. Argus downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $38.57.

Insider Buying and Selling

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at $2,414,708. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 9,400 shares of company stock worth $331,402. Corporate insiders own 0.55% of the company’s stock.

International Paper Profile

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.