Vanguard Group Inc. Boosts Stock Holdings in International Paper Company $IP

Vanguard Group Inc. lifted its position in International Paper Company (NYSE:IP) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,047,079 shares of the basic materials company’s stock after acquiring an additional 167,889 shares during the quarter. Vanguard Group Inc. owned approximately 12.13% of International Paper worth $2,971,784,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new stake in International Paper in the 1st quarter valued at about $249,000. Intech Investment Management LLC increased its position in shares of International Paper by 100.5% during the first quarter. Intech Investment Management LLC now owns 32,025 shares of the basic materials company’s stock valued at $1,709,000 after acquiring an additional 16,055 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in International Paper during the second quarter worth $47,000. LifeWealth Investments LLC boosted its position in International Paper by 12.0% in the second quarter. LifeWealth Investments LLC now owns 8,847 shares of the basic materials company’s stock worth $414,000 after purchasing an additional 949 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in International Paper by 1.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 203,759 shares of the basic materials company’s stock valued at $9,542,000 after purchasing an additional 2,860 shares during the period. 81.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

IP has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded International Paper from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $36.00 to $40.00 in a research note on Friday, January 30th. Citigroup lifted their price objective on shares of International Paper from $46.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, January 30th. Royal Bank Of Canada reduced their target price on shares of International Paper from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. Stifel Nicolaus decreased their price target on shares of International Paper from $51.80 to $50.70 and set a “buy” rating for the company in a research note on Monday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of International Paper from $45.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, January 30th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, International Paper presently has a consensus rating of “Hold” and an average target price of $48.25.

International Paper Stock Performance

Shares of IP stock opened at $48.56 on Thursday. The firm’s 50 day moving average is $42.30 and its 200 day moving average is $43.55. The stock has a market capitalization of $25.64 billion, a P/E ratio of -7.24 and a beta of 1.11. International Paper Company has a 12 month low of $35.56 and a 12 month high of $57.50. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60.

International Paper (NYSE:IP) last issued its earnings results on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.36). International Paper had a negative net margin of 14.12% and a negative return on equity of 0.35%. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same period in the previous year, the firm earned ($0.02) EPS. The company’s revenue was up 53.1% compared to the same quarter last year. On average, sell-side analysts anticipate that International Paper Company will post 2.77 earnings per share for the current year.

Insider Buying and Selling at International Paper

In other news, CEO Andrew K. Silvernail acquired 50,000 shares of the business’s stock in a transaction dated Friday, January 30th. The stock was bought at an average cost of $39.98 per share, for a total transaction of $1,999,000.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $1,999,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.35% of the stock is currently owned by corporate insiders.

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.