MGO One Seven LLC Takes $413,000 Position in International Paper (NYSE:IP)

MGO One Seven LLC bought a new stake in International Paper (NYSE:IP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,667 shares of the basic materials company's stock, valued at approximately $413,000.

Several other hedge funds and other institutional investors have also made changes to their positions in IP. SPC Financial Inc. increased its position in International Paper by 1.4% during the 4th quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company's stock valued at $759,000 after purchasing an additional 200 shares during the period. AlphaMark Advisors LLC increased its position in International Paper by 5.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company's stock valued at $205,000 after purchasing an additional 204 shares during the period. Inspire Advisors LLC increased its position in International Paper by 1.7% during the 4th quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company's stock valued at $665,000 after purchasing an additional 204 shares during the period. MassMutual Private Wealth & Trust FSB increased its position in International Paper by 14.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company's stock valued at $86,000 after purchasing an additional 205 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in International Paper by 1.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company's stock valued at $820,000 after purchasing an additional 212 shares during the period. Hedge funds and other institutional investors own 81.95% of the company's stock.

International Paper Trading Up 0.2 %

NYSE IP opened at $47.43 on Tuesday. International Paper has a 12-month low of $34.18 and a 12-month high of $60.36. The company has a fifty day simple moving average of $50.78 and a two-hundred day simple moving average of $53.61. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market cap of $25.04 billion, a P/E ratio of 30.21, a P/E/G ratio of 0.39 and a beta of 0.99.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. On average, analysts forecast that International Paper will post 2.77 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on IP. Truist Financial cut their target price on shares of International Paper from $64.00 to $59.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. started coverage on shares of International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 target price on the stock. StockNews.com cut shares of International Paper from a "buy" rating to a "hold" rating in a report on Friday, March 28th. Citigroup started coverage on shares of International Paper in a report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $64.00 price target on shares of International Paper in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $54.77.

International Paper 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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