International Paper (NYSE:IP) Director Sells $22,668.00 in Stock

International Paper (NYSE:IP - Get Free Report) Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Monday, April 15th. The shares were sold at an average price of $37.78, for a total value of $22,668.00. Following the completion of the sale, the director now directly owns 41,188 shares of the company's stock, valued at $1,556,082.64. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

International Paper Stock Down 2.4 %

Shares of International Paper stock traded down $0.87 during trading on Tuesday, reaching $35.91. The stock had a trading volume of 8,615,436 shares, compared to its average volume of 4,621,582. The company has a market capitalization of $12.47 billion, a price-to-earnings ratio of 43.79 and a beta of 0.99. The stock has a fifty day moving average price of $36.70 and a two-hundred day moving average price of $35.84. International Paper has a 52 week low of $29.00 and a 52 week high of $41.28. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.07. The company had revenue of $4.60 billion for the quarter, compared to analyst estimates of $4.67 billion. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The company's quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.87 earnings per share. Sell-side analysts predict that International Paper will post 1.88 EPS for the current fiscal year.

Institutional Trading of International Paper

A number of institutional investors have recently modified their holdings of IP. Manchester Capital Management LLC bought a new stake in International Paper during the third quarter worth about $25,000. Jones Financial Companies Lllp raised its holdings in International Paper by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company's stock worth $25,000 after acquiring an additional 475 shares in the last quarter. CVA Family Office LLC bought a new stake in International Paper during the fourth quarter worth about $27,000. MCF Advisors LLC raised its holdings in International Paper by 1,094.7% during the first quarter. MCF Advisors LLC now owns 681 shares of the basic materials company's stock worth $27,000 after acquiring an additional 624 shares in the last quarter. Finally, Resurgent Financial Advisors LLC bought a new stake in International Paper during the fourth quarter worth about $27,000. 81.95% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on IP shares. Bank of America raised International Paper from an "underperform" rating to a "buy" rating and lifted their price objective for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. StockNews.com cut International Paper from a "buy" rating to a "hold" rating in a research note on Sunday, January 14th. Truist Financial reaffirmed a "buy" rating and set a $40.00 price objective on shares of International Paper in a research note on Wednesday, March 20th. Argus cut International Paper from a "buy" rating to a "hold" rating in a research note on Monday, February 26th. Finally, Citigroup raised International Paper from a "neutral" rating to a "buy" rating and boosted their target price for the company from $36.00 to $46.00 in a research note on Wednesday, March 20th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, International Paper presently has a consensus rating of "Hold" and a consensus target price of $37.13.

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.