FCG Investment Co Has $574,000 Holdings in International Paper (NYSE:IP)

FCG Investment Co lifted its position in shares of International Paper (NYSE:IP) by 7.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 10,666 shares of the basic materials company’s stock after purchasing an additional 699 shares during the period. FCG Investment Co’s holdings in International Paper were worth $574,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. FMR LLC lifted its stake in shares of International Paper by 88.4% in the third quarter. FMR LLC now owns 17,839,237 shares of the basic materials company’s stock valued at $871,447,000 after buying an additional 8,370,273 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in shares of International Paper by 511.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company’s stock worth $145,106,000 after acquiring an additional 2,484,386 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in International Paper by 125.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 4,235,846 shares of the basic materials company’s stock valued at $206,921,000 after acquiring an additional 2,354,341 shares in the last quarter. Ceredex Value Advisors LLC acquired a new position in International Paper during the 3rd quarter valued at about $84,526,000. Finally, Artemis Investment Management LLP increased its holdings in International Paper by 147.2% during the 4th quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company’s stock worth $108,706,000 after purchasing an additional 1,202,632 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IP has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Truist Financial raised their price objective on International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $51.99.

International Paper Trading Up 0.6 %

NYSE IP opened at $58.55 on Friday. The stock has a market capitalization of $20.34 billion, a price-to-earnings ratio of 50.04 and a beta of 1.03. The business’s fifty day moving average is $56.05 and its 200-day moving average is $50.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. International Paper has a one year low of $32.70 and a one year high of $60.36.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The business had revenue of $4.69 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the previous year, the firm posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts predict that International Paper will post 1.18 EPS for the current year.

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $56.19, for a total value of $33,714.00. Following the completion of the sale, the director now owns 37,745 shares of the company’s stock, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 1,800 shares of company stock worth $100,848. 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.