International Paper (NYSE:IP - Get Free Report) Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $34.94, for a total value of $20,964.00. Following the completion of the transaction, the director now directly owns 40,588 shares of the company's stock, valued at $1,418,144.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
International Paper Stock Up 1.0 %
Shares of NYSE:IP opened at $35.28 on Thursday. The company has a 50 day moving average price of $36.63 and a two-hundred day moving average price of $35.81. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.68. The company has a market capitalization of $12.25 billion, a PE ratio of 72.00 and a beta of 1.01. International Paper has a 52 week low of $29.00 and a 52 week high of $41.28.
International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). The firm had revenue of $4.62 billion during the quarter, compared to analyst estimates of $4.56 billion. International Paper had a net margin of 0.93% and a return on equity of 7.45%. International Paper's quarterly revenue was down 8.0% on a year-over-year basis. During the same period last year, the firm earned $0.53 EPS. Analysts forecast that International Paper will post 1.88 earnings per share for the current year.
Institutional Investors Weigh In On International Paper
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Hedge funds have recently modified their holdings of the business. MCF Advisors LLC grew its position in shares of International Paper by 1,094.7% in the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company's stock valued at $27,000 after purchasing an additional 624 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of International Paper by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company's stock valued at $25,000 after buying an additional 475 shares during the period. Manchester Capital Management LLC bought a new stake in International Paper in the 3rd quarter valued at $25,000. CVA Family Office LLC acquired a new position in International Paper in the 4th quarter worth $27,000. Finally, Venturi Wealth Management LLC increased its holdings in International Paper by 2,281.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company's stock worth $28,000 after purchasing an additional 753 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company's stock.
Analysts Set New Price Targets
Several research firms have weighed in on IP. StockNews.com cut shares of International Paper from a "buy" rating to a "hold" rating in a research report on Sunday, January 14th. Wells Fargo & Company lowered their price target on shares of International Paper from $39.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, February 2nd. Truist Financial reaffirmed a "buy" rating and set a $40.00 price objective on shares of International Paper in a report on Wednesday, April 17th. Argus cut International Paper from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Finally, Bank of America raised International Paper from an "underperform" rating to a "buy" rating and upped their price target for the company from $37.00 to $42.00 in a research note on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.57.
View Our Latest Analysis on International Paper
International Paper Company Profile
(
Get Free Report)
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.
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