International Paper (NYSE:IP) Position Boosted by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd raised its holdings in International Paper (NYSE:IP - Free Report) by 73.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 163,400 shares of the basic materials company's stock after buying an additional 69,000 shares during the quarter. International Paper accounts for about 2.3% of AYAL Capital Advisors Ltd's investment portfolio, making the stock its 5th largest position. AYAL Capital Advisors Ltd's holdings in International Paper were worth $8,794,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC acquired a new position in shares of International Paper during the fourth quarter valued at about $26,000. Centricity Wealth Management LLC acquired a new position in International Paper in the 4th quarter valued at approximately $26,000. Picton Mahoney Asset Management grew its holdings in shares of International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Versant Capital Management Inc increased its position in shares of International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock valued at $32,000 after purchasing an additional 448 shares during the period. Finally, Venturi Wealth Management LLC raised its stake in shares of International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 295 shares in the last quarter. 81.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

IP has been the topic of a number of recent research reports. Citigroup initiated coverage on International Paper in a report on Wednesday, March 5th. They set a "buy" rating and a $60.00 price objective on the stock. StockNews.com lowered International Paper from a "hold" rating to a "sell" rating in a research note on Monday. Truist Financial lowered their target price on shares of International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Bank of America started coverage on shares of International Paper in a report on Thursday, February 13th. They set a "neutral" rating for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $54.77.

International Paper Stock Up 0.5 %

International Paper stock traded up $0.21 during mid-day trading on Tuesday, reaching $44.48. The stock had a trading volume of 5,344,092 shares, compared to its average volume of 8,305,598. The firm has a market capitalization of $23.48 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 0.39 and a beta of 1.03. International Paper has a fifty-two week low of $36.88 and a fifty-two week high of $60.36. The stock's 50-day simple moving average is $49.76 and its 200-day simple moving average is $53.54. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49.

International Paper (NYSE:IP - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates of $6.38 billion. International Paper had a net margin of 2.99% and a return on equity of 4.75%. International Paper's revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.17 EPS. On average, sell-side analysts forecast that International Paper will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Holly G. Goughnour sold 7,500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $44.85, for a total transaction of $336,375.00. Following the completion of the transaction, the chief accounting officer now owns 31,525 shares of the company's stock, valued at approximately $1,413,896.25. The trade was a 19.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.35% of the stock is owned by insiders.

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.