AlphaMark Advisors LLC Grows Holdings in International Paper (NYSE:IP)

AlphaMark Advisors LLC increased its holdings in shares of International Paper (NYSE:IP) by 5.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,814 shares of the basic materials company’s stock after purchasing an additional 204 shares during the period. AlphaMark Advisors LLC’s holdings in International Paper were worth $205,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Lord Abbett & CO. LLC acquired a new stake in shares of International Paper during the third quarter worth about $24,327,000. Aptus Capital Advisors LLC lifted its position in International Paper by 15.1% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock worth $292,000 after acquiring an additional 785 shares during the period. Wedmont Private Capital purchased a new position in shares of International Paper in the 4th quarter valued at approximately $376,000. Curi RMB Capital LLC purchased a new position in shares of International Paper in the 3rd quarter valued at approximately $4,870,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of International Paper by 5.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 937,324 shares of the basic materials company’s stock valued at $45,788,000 after purchasing an additional 49,125 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Up 2.5 %

IP stock opened at $60.08 on Friday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $56.14 and its 200 day moving average price is $51.12. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36. The company has a market cap of $20.87 billion, a P/E ratio of 51.35 and a beta of 1.03.

International Paper (NYSE:IP) last announced its quarterly earnings results 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 return on equity of 6.49% and a net margin of 2.25%. 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 company earned $0.64 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, research analysts expect that International Paper will post 1.18 earnings per share for the current fiscal year.

Insider Buying and Selling at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the completion of the transaction, the director now owns 37,145 shares in the company, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last 90 days, insiders have sold 1,800 shares of company stock valued at $100,848. Insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a report on Wednesday, November 13th. Finally, Truist Financial boosted their price target on shares of International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, International Paper presently has a consensus rating of “Moderate Buy” and an average target price of $51.99.

About International Paper

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.