Trust Co. of Vermont Raises Holdings in International Paper (NYSE:IP)

Trust Co. of Vermont raised its holdings in International Paper (NYSE:IP) by 33.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,155 shares of the basic materials company’s stock after purchasing an additional 543 shares during the quarter. Trust Co. of Vermont’s holdings in International Paper were worth $116,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of IP. Brooklyn Investment Group purchased a new position in shares of International Paper during the third quarter worth $25,000. Ashton Thomas Securities LLC acquired a new position in International Paper during the 3rd quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new position in International Paper during the 3rd quarter valued at about $28,000. Versant Capital Management Inc grew its position in International Paper by 313.3% in the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 448 shares in the last quarter. Finally, City State Bank increased its stake in International Paper by 107.7% during the fourth quarter. City State Bank now owns 675 shares of the basic materials company’s stock worth $36,000 after purchasing an additional 350 shares during the period. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Stock Up 1.2 %

Shares of International Paper stock opened at $56.94 on Monday. International Paper has a one year low of $32.70 and a one year high of $60.36. The company has a market cap of $19.78 billion, a P/E ratio of 48.67 and a beta of 1.03. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. The firm has a fifty day moving average of $56.01 and a two-hundred day moving average of $50.69.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $56.19, for a total value of $33,714.00. Following the sale, the director now directly owns 37,745 shares of the company’s stock, valued at approximately $2,120,891.55. This represents a 1.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have sold 1,800 shares of company stock valued at $100,848. Corporate insiders own 0.55% of the company’s stock.

International Paper Company 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.