Laurion Capital Management LP Purchases New Shares in International Paper (NYSE:IP)

Laurion Capital Management LP purchased a new stake in International Paper (NYSE:IP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 20,576 shares of the basic materials company’s stock, valued at approximately $1,107,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IP. Barclays PLC boosted its position in International Paper by 4.5% during the 3rd quarter. Barclays PLC now owns 916,599 shares of the basic materials company’s stock worth $44,774,000 after acquiring an additional 39,404 shares during the period. Principal Financial Group Inc. boosted its position in International Paper by 2.6% during the 3rd quarter. Principal Financial Group Inc. now owns 417,851 shares of the basic materials company’s stock worth $20,412,000 after acquiring an additional 10,632 shares during the period. ST Germain D J Co. Inc. boosted its position in International Paper by 315.3% during the 4th quarter. ST Germain D J Co. Inc. now owns 1,786 shares of the basic materials company’s stock worth $96,000 after acquiring an additional 1,356 shares during the period. Czech National Bank boosted its position in International Paper by 6.4% during the 4th quarter. Czech National Bank now owns 75,325 shares of the basic materials company’s stock worth $4,054,000 after acquiring an additional 4,563 shares during the period. Finally, City State Bank boosted its position in International Paper by 107.7% during the 4th quarter. City State Bank now owns 675 shares of the basic materials company’s stock worth $36,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Stock Down 1.4%

Shares of IP stock opened at $44.31 on Monday. The stock’s 50 day simple moving average is $48.93 and its 200 day simple moving average is $53.44. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. International Paper has a twelve month low of $38.10 and a twelve month high of $60.36. The company has a market capitalization of $23.39 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 0.39 and a beta of 1.03.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.12). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, research analysts predict that International Paper will post 2.77 EPS for the current year.

Analysts Set New Price Targets

IP has been the subject of a number of research reports. StockNews.com lowered International Paper from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Bank of America started coverage on International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price target on shares of International Paper in a research note on Wednesday, March 26th. Citigroup started coverage on International Paper in a research note on Wednesday, March 5th. They set a “buy” rating and a $60.00 price target for the company. Finally, Truist Financial cut their price target on International Paper from $64.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.21.

Insiders Place Their Bets

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $44.85, for a total value of $336,375.00. Following the transaction, the chief accounting officer now directly owns 31,525 shares of the company’s stock, valued at $1,413,896.25. The trade was a 19.22% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.35% 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.