Alyeska Investment Group L.P. Acquires 2,266,762 Shares of International Paper (NYSE:IP)

Alyeska Investment Group L.P. grew its holdings in International Paper (NYSE:IP - Free Report) by 134.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,948,752 shares of the basic materials company's stock after acquiring an additional 2,266,762 shares during the quarter. International Paper accounts for about 0.8% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 16th largest holding. Alyeska Investment Group L.P. owned about 1.14% of International Paper worth $212,522,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SPC Financial Inc. grew its stake in International Paper by 1.4% in the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock valued at $759,000 after buying an additional 200 shares during the last quarter. AlphaMark Advisors LLC grew its position in shares of International Paper by 5.7% in the fourth quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock valued at $205,000 after purchasing an additional 204 shares during the last quarter. Inspire Advisors LLC increased its stake in shares of International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after purchasing an additional 204 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock worth $86,000 after purchasing an additional 205 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its stake in International Paper by 1.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock valued at $820,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. assumed coverage on International Paper in a research note on Thursday, March 20th. They set an "overweight" rating and a $59.00 price objective on the stock. StockNews.com lowered International Paper from a "hold" rating to a "sell" rating in a research note on Monday. Truist Financial lowered their target price on International Paper from $64.00 to $59.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Royal Bank of Canada restated an "outperform" rating and set a $64.00 price objective on shares of International Paper in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company dropped their price target on shares of International Paper from $52.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $54.77.

Insider Activity at International Paper

In other news, CAO Holly G. Goughnour sold 7,500 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $44.85, for a total value of $336,375.00. Following the completion of the sale, the chief accounting officer now owns 31,525 shares of the company's stock, valued at approximately $1,413,896.25. This represents a 19.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.35% of the stock is owned by corporate insiders.

International Paper Stock Up 0.5 %

Shares of NYSE IP traded up $0.21 during trading on Tuesday, hitting $44.48. 5,344,092 shares of the company traded hands, compared to its average volume of 8,305,598. The firm has a market capitalization of $23.48 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 0.39 and a beta of 1.03. International Paper has a fifty-two week low of $36.88 and a fifty-two week high of $60.36. The business's fifty day moving average is $49.76 and its 200 day moving average is $53.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49.

International Paper (NYSE:IP - Get Free Report) last posted its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.12). The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. International Paper had a return on equity of 4.75% and a net margin of 2.99%. International Paper's quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. Equities research analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

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.