Savant Capital LLC Boosts Stock Holdings in International Paper (NYSE:IP)

Savant Capital LLC increased its holdings in shares of International Paper (NYSE:IP) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,331 shares of the basic materials company’s stock after purchasing an additional 799 shares during the quarter. Savant Capital LLC’s holdings in International Paper were worth $988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Manchester Capital Management LLC bought a new stake in International Paper during the third quarter valued at approximately $25,000. CVA Family Office LLC bought a new stake in shares of International Paper during the 4th quarter valued at $27,000. Venturi Wealth Management LLC grew its position in shares of 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 valued at $28,000 after acquiring an additional 753 shares during the period. Princeton Global Asset Management LLC bought a new position in International Paper in the 4th quarter worth $36,000. Finally, First Command Advisory Services Inc. bought a new position in International Paper in the 3rd quarter worth $39,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insiders Place Their Bets

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares in the company, valued at approximately $2,414,708. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 9,400 shares of company stock valued at $331,402 in the last three months. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on IP shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $43.00 price target on shares of International Paper in a report on Friday, February 2nd. StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Truist Financial restated a “buy” rating and issued a $40.00 price objective on shares of International Paper in a research report on Wednesday, April 17th. Bank of America raised International Paper from an “underperform” rating to a “buy” rating and upped their price objective for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Finally, Wells Fargo & Company lowered their price target on International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $38.57.

International Paper Price Performance

NYSE:IP opened at $36.29 on Friday. The company has a market capitalization of $12.60 billion, a P/E ratio of 74.06 and a beta of 1.01. The business’s 50-day moving average is $36.65 and its 200 day moving average is $35.81. The company has a current ratio of 1.68, a quick ratio of 1.22 and a debt-to-equity ratio of 0.66. International Paper has a 12 month low of $29.00 and a 12 month high of $41.28.

International Paper (NYSE:IP) last posted its earnings results on Thursday, April 25th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). International Paper had a net margin of 0.93% and a return on equity of 7.45%. The firm had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the prior year, the company posted $0.53 earnings per share. The firm’s revenue was down 8.0% compared to the same quarter last year. On average, equities research analysts forecast that International Paper will post 1.88 earnings per share for the current fiscal year.

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.