B. Metzler seel. Sohn & Co. AG Sells 55,803 Shares of International Paper Company $IP

Key Points

• B. Metzler seel. Sohn & Co. AG sold 55,803 shares, trimming its stake in International Paper by 80.5% to 13,555 shares valued at about $534,000 as of the firm's latest 13F filing.
• Company insiders bought stock recently, acquiring 76,092 shares worth roughly $3.0 million in the last three months, including Director Anders Gustafsson's 13,217-share ($~500k) purchase and CEO Andrew Silvernail's 50,000-share ($2.0M) buy.
• Q4 results missed on EPS but showed strong revenue growth: International Paper reported ($0.08) EPS vs. a $0.28 consensus and revenue of $6.01 billion (up 53.1% year-over-year), while showing a negative net margin and return on equity.

B. Metzler seel. Sohn & Co. AG trimmed its position in shares of International Paper Company (NYSE:IP - Free Report) by 80.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,555 shares of the basic materials company's stock after selling 55,803 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in International Paper were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sound Income Strategies LLC raised its holdings in International Paper by 94.0% in the 4th quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company's stock worth $31,000 after purchasing an additional 344 shares during the period. Kelleher Financial Advisors purchased a new stake in International Paper in the 3rd quarter worth $36,000. City Holding Co. bought a new stake in International Paper during the third quarter valued at about $46,000. Atlantic Union Bankshares Corp bought a new stake in International Paper during the third quarter valued at about $49,000. Finally, KERR FINANCIAL PLANNING Corp bought a new stake in International Paper during the third quarter valued at about $56,000. 81.95% of the stock is owned by institutional investors.

International Paper Trading Up 0.0%

IP opened at $32.66 on Tuesday. The firm has a market cap of $17.30 billion, a P/E ratio of -4.87 and a beta of 1.14. International Paper Company has a 12 month low of $32.13 and a 12 month high of $56.13. The company has a current ratio of 1.28, a quick ratio of 1.02 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $38.18 and a 200 day moving average of $40.32.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings data on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.36). The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.90 billion. International Paper had a negative return on equity of 0.35% and a negative net margin of 14.12%.The firm's revenue for the quarter was up 53.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.02) EPS. As a group, research analysts forecast that International Paper Company will post 1.65 EPS for the current year.

Insider Activity at International Paper

In other International Paper news, Director Anders Gustafsson acquired 13,217 shares of International Paper stock in a transaction that occurred on Thursday, March 12th. The stock was bought at an average price of $37.83 per share, with a total value of $499,999.11. Following the completion of the purchase, the director directly owned 26,092 shares of the company's stock, valued at approximately $987,060.36. This represents a 102.66% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew K. Silvernail purchased 50,000 shares of International Paper stock in a transaction dated Friday, January 30th. The shares were acquired 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 approximately $1,999,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders purchased 76,092 shares of company stock worth $2,999,064. 0.21% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on IP shares. Weiss Ratings reissued a "sell (d+)" rating on shares of International Paper in a report on Friday, March 27th. Royal Bank Of Canada decreased their price target on International Paper from $54.00 to $48.00 and set an "outperform" rating on the stock in a report on Thursday, April 16th. Stifel Nicolaus decreased their price target on International Paper from $51.80 to $50.70 and set a "buy" rating on the stock in a report on Monday, February 9th. Deutsche Bank Aktiengesellschaft initiated coverage on International Paper in a report on Wednesday, April 1st. They set a "hold" rating and a $38.00 price target on the stock. Finally, UBS Group cut their price objective on International Paper from $44.00 to $40.00 and set a "neutral" rating for the company in a research report on Friday, April 10th. Eight equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, International Paper currently has an average rating of "Hold" and a consensus price target of $45.48.

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.

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