Victory Capital Management Inc. Has $19.42 Million Holdings in International Paper Company $IP

Key Points

• Victory Capital Management reduced its stake in International Paper by 19.6% in Q3, selling 102,166 shares and finishing the quarter with 418,542 shares worth $19.42 million (about 0.08% of the company).
• CEO Andrew K. Silvernail bought 50,000 shares on January 30 at an average $39.98 for roughly $1.999 million, and insiders now own about 0.55% of the stock.
• International Paper missed Q EPS (-$0.08 vs $0.28) despite revenue rising 53.1% to $6.01 billion; analysts' consensus is a "Hold" with an average price target of $48.25, and the stock trades near $39 (52‑week range $35.56–$56.64).

Victory Capital Management Inc. lessened its holdings in shares of International Paper Company (NYSE:IP - Free Report) by 19.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,542 shares of the basic materials company's stock after selling 102,166 shares during the quarter. Victory Capital Management Inc. owned approximately 0.08% of International Paper worth $19,420,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of International Paper in the second quarter worth $33,000. Elevation Point Wealth Partners LLC acquired a new stake in International Paper during the second quarter valued at $35,000. CYBER HORNET ETFs LLC acquired a new stake in International Paper during the second quarter valued at $43,000. City Holding Co. purchased a new position in International Paper in the third quarter valued at about $46,000. Finally, Atlantic Union Bankshares Corp acquired a new position in International Paper in the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 81.95% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on IP. BNP Paribas Exane raised International Paper from a "strong sell" rating to an "outperform" rating and set a $44.00 price target for the company in a research note on Monday, November 24th. Truist Financial set a $48.00 price objective on shares of International Paper in a report on Thursday, February 26th. Citigroup boosted their price target on International Paper from $46.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, January 30th. JPMorgan Chase & Co. upped their price target on International Paper from $45.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, January 30th. Finally, Stifel Nicolaus cut their price objective on International Paper from $51.80 to $50.70 and set a "buy" rating on the stock in a research note on Monday, February 9th. Eight investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.25.

International Paper Stock Performance

NYSE IP opened at $39.05 on Wednesday. The company's fifty day moving average is $43.32 and its two-hundred day moving average is $43.06. International Paper Company has a 52-week low of $35.56 and a 52-week 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 firm has a market capitalization of $20.68 billion, a price-to-earnings ratio of -5.82 and a beta of 1.09.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings results 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 for 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%. The company's revenue was up 53.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) earnings per share. Equities research analysts forecast that International Paper Company will post 2.77 EPS for the current year.

Insider Buying and Selling at International Paper

In other news, CEO Andrew K. Silvernail acquired 50,000 shares of the 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 in the company, valued at approximately $1,999,000. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company's stock.

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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