International Paper (NYSE:IP) Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. lifted its holdings in International Paper (NYSE:IP) by 5.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,596 shares of the basic materials company’s stock after buying an additional 1,705 shares during the quarter. Daiwa Securities Group Inc.’s holdings in International Paper were worth $1,106,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Mizuho Markets Americas LLC acquired a new stake in shares of International Paper in the 3rd quarter worth about $144,509,000. Acadian Asset Management LLC increased its holdings in shares of International Paper by 208.0% in the 3rd quarter. Acadian Asset Management LLC now owns 1,610,933 shares of the basic materials company’s stock worth $57,129,000 after acquiring an additional 1,087,933 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of International Paper by 13.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,811,752 shares of the basic materials company’s stock worth $312,553,000 after acquiring an additional 1,011,315 shares during the period. AQR Capital Management LLC increased its holdings in shares of International Paper by 35.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,961,232 shares of the basic materials company’s stock worth $105,035,000 after acquiring an additional 777,273 shares during the period. Finally, Atlas FRM LLC increased its holdings in shares of International Paper by 30.0% in the 3rd quarter. Atlas FRM LLC now owns 2,600,000 shares of the basic materials company’s stock worth $92,222,000 after acquiring an additional 600,000 shares during the period. 81.95% of the stock is currently owned by institutional investors.

International Paper Price Performance

NYSE IP opened at $34.43 on Thursday. The company has a quick ratio of 1.19, a current ratio of 1.67 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $11.96 billion, a PE ratio of 41.99 and a beta of 0.99. The company has a 50 day moving average price of $36.71 and a two-hundred day moving average price of $35.83. 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 quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.07. The business had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.67 billion. International Paper had a net margin of 1.52% and a return on equity of 8.87%. International Paper’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.87 EPS. As a group, equities analysts predict that International Paper will post 1.91 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at $2,414,708. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 8,800 shares of company stock valued at $310,438. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Sunday, January 14th. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $46.00 in a research note on Wednesday, March 20th. Bank of America raised shares of International Paper from an “underperform” rating to a “buy” rating and raised their target price for the company from $37.00 to $42.00 in a research note on Monday, March 4th. Argus cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Finally, Truist Financial reissued a “buy” rating and set a $40.00 target price on shares of International Paper in a research note on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper has an average rating of “Hold” and a consensus price target of $37.13.

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.