Alpha Omega Wealth Management LLC Purchases Shares of 39,082 International Paper Company $IP

Key Points

• Alpha Omega Wealth Management LLC bought a new stake of 39,082 shares in International Paper (NYSE:IP) during Q4, valued at about $1.539 million.
• Insider buying: CEO Andrew K. Silvernail acquired 50,000 shares (~$1.999M) and Director Anders Gustafsson bought 13,217 shares, with insiders purchasing 76,092 shares (~$2.999M) in the last three months.
• Q4 results and outlook: International Paper reported a Q4 EPS miss (‑$0.08 vs. $0.28 expected) despite 53% revenue growth to $6.01B; shares trade near $36.78, market cap ~$19.47B, and analysts hold a consensus "Moderate Buy" with an average price target of $46.89.

Alpha Omega Wealth Management LLC purchased a new stake in International Paper Company (NYSE:IP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 39,082 shares of the basic materials company's stock, valued at approximately $1,539,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Capital International Investors increased its holdings in shares of International Paper by 51.4% during the third quarter. Capital International Investors now owns 48,990,719 shares of the basic materials company's stock valued at $2,272,966,000 after acquiring an additional 16,622,062 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of International Paper by 7.5% during the third quarter. Capital Research Global Investors now owns 54,330,790 shares of the basic materials company's stock valued at $2,520,945,000 after acquiring an additional 3,768,772 shares in the last quarter. Invesco Ltd. increased its holdings in shares of International Paper by 11.8% during the third quarter. Invesco Ltd. now owns 9,121,170 shares of the basic materials company's stock valued at $423,222,000 after acquiring an additional 960,240 shares in the last quarter. State Street Corp increased its holdings in shares of International Paper by 3.2% during the second quarter. State Street Corp now owns 29,386,616 shares of the basic materials company's stock valued at $1,376,175,000 after acquiring an additional 902,741 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of International Paper by 19.1% during the third quarter. BNP Paribas Financial Markets now owns 5,039,300 shares of the basic materials company's stock valued at $233,824,000 after acquiring an additional 809,727 shares in the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Trading Down 0.8%

Shares of International Paper stock opened at $36.78 on Friday. The stock has a fifty day simple moving average of $40.71 and a 200 day simple moving average of $41.31. International Paper Company has a 12-month low of $33.57 and a 12-month high of $56.13. The company has a market capitalization of $19.47 billion, a P/E ratio of -5.48 and a beta of 1.14. 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 - Get Free Report) last posted its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.36). International Paper had a negative return on equity of 0.35% and a negative net margin of 14.12%.The business had revenue of $6.01 billion during the quarter, compared to analysts' expectations of $5.90 billion. During the same period in the prior year, the firm posted ($0.02) EPS. The firm's revenue for the quarter was up 53.1% on a year-over-year basis. On average, sell-side analysts anticipate that International Paper Company will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at International Paper

In other International Paper news, CEO Andrew K. Silvernail acquired 50,000 shares of the business's stock in a transaction on Friday, January 30th. The shares were acquired at an average price of $39.98 per share, with a total value of $1,999,000.00. Following the completion of the transaction, the chief executive officer owned 50,000 shares in the company, valued at approximately $1,999,000. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anders Gustafsson acquired 13,217 shares of the business's stock in a transaction on Thursday, March 12th. The stock was acquired at an average cost of $37.83 per share, for a total transaction of $499,999.11. Following the transaction, the director owned 26,092 shares of the company's stock, valued at approximately $987,060.36. The trade was a 102.66% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders acquired 76,092 shares of company stock worth $2,999,064. Insiders own 0.21% of the company's stock.

Analyst Upgrades and Downgrades

IP has been the subject of several recent research reports. JPMorgan Chase & Co. decreased their price objective on International Paper from $48.00 to $46.00 and set a "neutral" rating for the company in a report on Thursday, April 2nd. Weiss Ratings reiterated a "sell (d+)" rating on shares of International Paper in a report on Friday, March 27th. Citigroup upped their price target on International Paper from $46.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, January 30th. Wells Fargo & Company decreased their price target on International Paper from $40.00 to $38.00 and set an "equal weight" rating for the company in a report on Friday, March 20th. Finally, Argus decreased their price target on International Paper from $55.00 to $50.00 and set a "buy" rating for the company in a report on Monday, December 22nd. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, International Paper has a consensus rating of "Moderate Buy" and an average price target of $46.89.

About International Paper

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.

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