International Paper (NYSE:IP) Shares Bought by Paradiem LLC

Paradiem LLC raised its holdings in International Paper (NYSE:IP - Free Report) by 52.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 195,181 shares of the basic materials company's stock after purchasing an additional 66,882 shares during the quarter. International Paper comprises approximately 2.0% of Paradiem LLC's portfolio, making the stock its 24th largest holding. Paradiem LLC owned about 0.06% of International Paper worth $7,056,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Manchester Capital Management LLC purchased a new stake in shares of International Paper in the third quarter valued at about $25,000. CVA Family Office LLC purchased a new stake in shares of International Paper in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC boosted its holdings in shares of International Paper by 2,281.8% in the third quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 753 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in shares of International Paper in the fourth quarter valued at about $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of International Paper in the third quarter valued at about $39,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

IP traded up $0.31 during midday trading on Friday, reaching $33.83. 6,735,103 shares of the company's stock were exchanged, compared to its average volume of 6,058,422. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 1.19. The stock has a market capitalization of $11.75 billion, a PE ratio of 69.04 and a beta of 0.99. The business's 50-day moving average price is $36.64 and its 200 day moving average price is $35.81. International Paper has a 1-year low of $29.00 and a 1-year high of $41.28.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.06). The business had revenue of $4.62 billion for the quarter, compared to analyst estimates of $4.56 billion. International Paper had a return on equity of 7.45% and a net margin of 0.93%. The business's revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.53 EPS. As a group, equities analysts anticipate that International Paper will post 1.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

IP has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on shares of International Paper from $39.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, February 2nd. StockNews.com downgraded shares of International Paper from a "buy" rating to a "hold" rating in a report on Sunday, January 14th. Bank of America raised shares of International Paper from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $37.00 to $42.00 in a report on Monday, March 4th. Truist Financial reissued a "buy" rating and set a $40.00 price objective on shares of International Paper in a report on Wednesday, April 17th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $43.00 price objective on shares of International Paper in a report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $37.13.

Insiders Place Their Bets

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total value of $201,550.00. Following the completion of the transaction, the senior vice president now owns 69,488 shares of the company's stock, valued at $2,414,708. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last quarter, insiders sold 8,800 shares of company stock worth $310,438. Insiders own 0.55% of the company's stock.

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.