International Paper Company $IP Stake Raised by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in shares of International Paper Company (NYSE:IP) by 94.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,590,689 shares of the basic materials company’s stock after acquiring an additional 774,301 shares during the quarter. SG Americas Securities LLC owned approximately 0.30% of International Paper worth $62,657,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Assenagon Asset Management S.A. boosted its holdings in shares of International Paper by 764.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 212,999 shares of the basic materials company’s stock worth $8,390,000 after purchasing an additional 188,357 shares during the period. Old Port Advisors increased its stake in International Paper by 2.3% in the 4th quarter. Old Port Advisors now owns 61,836 shares of the basic materials company’s stock valued at $2,436,000 after buying an additional 1,362 shares during the period. Nordea Investment Management AB lifted its position in International Paper by 21.4% in the 4th quarter. Nordea Investment Management AB now owns 708,620 shares of the basic materials company’s stock worth $27,998,000 after buying an additional 124,973 shares in the last quarter. Tounjian Advisory Partners LLC lifted its position in International Paper by 7.1% in the 4th quarter. Tounjian Advisory Partners LLC now owns 22,556 shares of the basic materials company’s stock worth $889,000 after buying an additional 1,488 shares in the last quarter. Finally, AIA Group Ltd boosted its stake in shares of International Paper by 24.7% during the 3rd quarter. AIA Group Ltd now owns 16,998 shares of the basic materials company’s stock valued at $789,000 after buying an additional 3,372 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Andrew K. Silvernail purchased 50,000 shares of International Paper stock in a transaction on Friday, January 30th. The stock was bought at an average price of $39.98 per share, with a total value of $1,999,000.00. Following the completion of the transaction, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at approximately $1,999,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anders Gustafsson purchased 13,217 shares of the firm’s stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $37.83 per share, with a total value of $499,999.11. Following the purchase, the director owned 26,092 shares in the company, valued at $987,060.36. This represents a 102.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 76,092 shares of company stock worth $2,999,064. Corporate insiders own 0.55% of the company’s stock.

International Paper Stock Performance

Shares of IP opened at $36.22 on Wednesday. The firm has a market cap of $19.17 billion, a price-to-earnings ratio of -5.40 and a beta of 1.09. The company’s fifty day moving average is $42.35 and its 200-day moving average is $42.16. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 0.60. International Paper Company has a 12 month low of $33.57 and a 12 month high of $56.64.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.36). The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $5.90 billion. International Paper had a negative net margin of 14.12% and a negative return on equity of 0.35%. The firm’s revenue for the quarter was up 53.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) EPS. Equities analysts expect that International Paper Company will post 2.77 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IP has been the topic of several research analyst reports. Argus lowered their price target on shares of International Paper from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Monday, December 22nd. Jefferies Financial Group lifted their price objective on International Paper from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Citigroup boosted their target price on International Paper from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Paper in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on International Paper from $45.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, January 30th. Eight investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.06.

International Paper Company Profile

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.

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.