Avior Wealth Management LLC Buys 8,162 Shares of International Paper Company (NYSE:IP)

Avior Wealth Management LLC lifted its stake in International Paper Company (NYSE:IP - Free Report) by 284.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,034 shares of the basic materials company's stock after acquiring an additional 8,162 shares during the quarter. Avior Wealth Management LLC's holdings in International Paper were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Retirement Systems of Alabama grew its stake in shares of International Paper by 50.6% in the first quarter. Retirement Systems of Alabama now owns 113,302 shares of the basic materials company's stock worth $6,045,000 after acquiring an additional 38,083 shares during the period. ORG Wealth Partners LLC purchased a new position in shares of International Paper in the first quarter worth approximately $94,000. Friedenthal Financial boosted its holdings in shares of International Paper by 1,656.5% in the first quarter. Friedenthal Financial now owns 16,353 shares of the basic materials company's stock worth $872,000 after buying an additional 15,422 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of International Paper by 55.9% in the first quarter. State of Alaska Department of Revenue now owns 61,778 shares of the basic materials company's stock worth $3,295,000 after buying an additional 22,140 shares during the last quarter. Finally, Grove Bank & Trust boosted its holdings in shares of International Paper by 472.0% in the first quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock worth $40,000 after buying an additional 623 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $44.85, for a total value of $336,375.00. Following the completion of the transaction, the chief accounting officer now owns 31,525 shares in the company, valued at approximately $1,413,896.25. The trade was a 19.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on IP. UBS Group began coverage on shares of International Paper in a report on Wednesday, June 4th. They issued a "buy" rating and a $60.00 price objective on the stock. Citigroup began coverage on shares of International Paper in a report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of International Paper in a report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price objective on the stock. Royal Bank Of Canada reissued an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Finally, Wells Fargo & Company reissued an "underweight" rating and issued a $40.00 price objective (down previously from $45.00) on shares of International Paper in a report on Friday, May 9th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $54.54.

International Paper Trading Down 0.4%

International Paper stock opened at $45.93 on Friday. The stock has a market cap of $24.25 billion, a P/E ratio of 39.26, a PEG ratio of 0.42 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 0.96. International Paper Company has a 1 year low of $41.50 and a 1 year high of $60.36. The firm's 50 day moving average price is $47.05 and its 200-day moving average price is $51.62.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings data 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). International Paper had a net margin of 1.99% and a return on equity of 4.05%. The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter last year, the business earned $0.17 EPS. International Paper's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts predict that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Friday, May 23rd were given a $0.4625 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.85 annualized dividend and a yield of 4.03%. International Paper's dividend payout ratio is currently 158.12%.

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.

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