Aquatic Capital Management LLC Sells 231,773 Shares of International Paper (NYSE:IP)

Aquatic Capital Management LLC cut its stake in International Paper (NYSE:IP - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,327 shares of the basic materials company's stock after selling 231,773 shares during the period. Aquatic Capital Management LLC's holdings in International Paper were worth $6,584,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of IP. SPC Financial Inc. lifted its holdings in International Paper by 1.4% during the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock worth $759,000 after buying an additional 200 shares in the last quarter. AlphaMark Advisors LLC lifted its holdings in International Paper by 5.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock worth $205,000 after buying an additional 204 shares in the last quarter. Inspire Advisors LLC lifted its holdings in International Paper by 1.7% during the 4th quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock worth $665,000 after buying an additional 204 shares in the last quarter. 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 buying an additional 205 shares in the last quarter. Finally, Kestra Private Wealth Services LLC lifted its holdings in International Paper by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock worth $820,000 after buying an additional 212 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on IP shares. Citigroup started coverage on International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. Bank of America started coverage on International Paper in a research note on Thursday, February 13th. They issued a "neutral" rating on the stock. Truist Financial cut their price target on International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. StockNews.com downgraded International Paper from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 price target on shares of International Paper in a research note on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $54.77.

International Paper Trading Down 4.4 %

International Paper stock traded down $2.10 during mid-day trading on Wednesday, hitting $45.53. 10,714,987 shares of the company's stock were exchanged, compared to its average volume of 8,443,609. The company's 50 day simple moving average is $50.61 and its 200-day simple moving average is $53.57. The firm has a market capitalization of $24.03 billion, a P/E ratio of 29.00, a PEG ratio of 0.39 and a beta of 0.99. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. International Paper has a fifty-two week low of $34.54 and a fifty-two week high of $60.36.

International Paper (NYSE:IP - Get Free Report) last released its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, equities analysts anticipate that International Paper will post 2.77 earnings per share for the current year.

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.