Several institutional investors recently increased their stakes in International Paper (IP). Bridgefront Capital raised its holdings by 103% in Q4, owning 14,729 shares worth $532,000 after buying an additional 7,475 shares. Quarry LP boosted its position by 317.5%, owning 1,528 shares valued at $55,000 after acquiring 1,162 additional shares. V Square Quantitative Management increased its stake by 99.4%, now holding 17,674 shares worth $639,000 with 8,810 shares purchased. Neo Ivy Capital Management began a new investment worth $80,000. Royal London Asset Management raised its position by 4.5%, owning 279,590 shares valued at $10.1 million after acquiring 12,097 shares. Overall, institutional investors hold 81.95% of the companys stock.
Insider Trading
Director Kathryn D. Sullivan sold 600 shares on July 31 for $46.26 each, totaling $27,756. After this sale, she owns 41,602 shares valued at about $1.92 million. SVP Joseph R. Saab also sold 2,440 shares on September 12 for an average of $47.30, amounting to $115,412. He now owns 18,668 shares valued at $883,000. In total, insiders sold 19,440 shares worth $931,502 in the last three months, with insiders holding 0.55% of the stock.
Stock Performance
IP stock opened at $47.10, with a 50-day moving average of $47.59 and a 200-day average of $43.73. The company has a market cap of $16.36 billion and a P/E ratio of 96.12. Its stock ranged from a low of $31.76 to a high of $50.68 in the past year. The quick ratio is 1.17 and the current ratio is 1.59, with a debt-to-equity ratio of 0.62.
International Paper reported earnings on July 24, showing $0.55 EPS, exceeding expectations of $0.41. Revenue was $4.73 billion, slightly below the anticipated $4.78 billion, with a net margin of 2.34% and a return on equity of 7.28%. Analysts predict an EPS of 1.55 for the current year.
Analyst Ratings and Forecasts
Analysts have given IP a Moderate Buy rating. Recent upgrades include Seaport Res Ptn from hold to strong buy and Truist Financial raising the price target from $52 to $55. Royal Bank of Canada also increased its target from $52 to $56. Currently, three analysts rate it as hold, six as buy, and one as strong buy. The average price target is $50.21.
About International Paper
International Paper produces renewable fiber-based packaging and pulp products across North America, Latin America, Europe, and North Africa, operating in Industrial Packaging and Global Cellulose Fibers.
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