Dimensional Fund Advisors LP Grows Position in International Paper Company $IP

Key Points

• Dimensional Fund Advisors increased its stake in International Paper by 3.7% to 4,466,933 shares, representing about $207.25 million or 0.85% of the company.
• CEO Andrew K. Silvernail bought 50,000 shares at an average price of $39.98 (≈$1.999 million), bringing insider ownership to about 0.35%.
• International Paper missed on EPS (reported -$0.08 vs. $0.28 expected) while revenue rose 53.1% to $6.01 billion, and analysts hold a consensus “Hold” rating with a $48.25 target.

Dimensional Fund Advisors LP boosted its stake in shares of International Paper Company (NYSE:IP - Free Report) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,466,933 shares of the basic materials company's stock after acquiring an additional 160,202 shares during the period. Dimensional Fund Advisors LP owned 0.85% of International Paper worth $207,249,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of IP. AlphaQuest LLC boosted its holdings in shares of International Paper by 63,400.0% during the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 634 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of International Paper in the second quarter worth about $33,000. Elevation Point Wealth Partners LLC bought a new stake in shares of International Paper in the second quarter worth about $35,000. CYBER HORNET ETFs LLC purchased a new stake in shares of International Paper in the second quarter worth about $43,000. Finally, City Holding Co. purchased a new stake in shares of International Paper in the third quarter worth about $46,000. 81.95% of the stock is currently owned by institutional investors.

Insider Transactions at International Paper

In related news, CEO Andrew K. Silvernail purchased 50,000 shares of the stock in a transaction that occurred on Friday, January 30th. The stock was bought 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 directly owned 50,000 shares in the company, valued at $1,999,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.35% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IP shares. JPMorgan Chase & Co. raised their price target on International Paper from $45.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, January 30th. Stifel Nicolaus lowered their target price on International Paper from $51.80 to $50.70 and set a "buy" rating for the company in a research report on Monday, February 9th. Citigroup raised their target price on shares of International Paper from $46.00 to $47.00 and gave the company a "buy" rating in a report on Friday, January 30th. Wells Fargo & Company upgraded shares of International Paper from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $36.00 to $40.00 in a research report on Friday, January 30th. Finally, Jefferies Financial Group upped their price target on shares of International Paper from $47.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $48.25.

International Paper Trading Down 4.4%

Shares of IP stock opened at $39.50 on Friday. International Paper Company has a 1 year low of $35.56 and a 1 year high of $56.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.28 and a quick ratio of 1.02. The stock's 50 day simple moving average is $43.36 and its two-hundred day simple moving average is $43.22. The company has a market cap of $20.91 billion, a PE ratio of -5.89 and a beta of 1.09.

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 (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.36). The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $5.90 billion. International Paper had a negative net margin of 14.12% and a negative return on equity of 0.35%. International Paper'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) earnings per share. Research analysts predict that International Paper Company will post 2.77 earnings per share for the current year.

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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