Foundations Investment Advisors LLC increased its holdings in International Paper Co (NYSE:IP) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,895 shares of the basic materials company’s stock after acquiring an additional 511 shares during the period. Foundations Investment Advisors LLC’s holdings in International Paper were worth $1,270,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in International Paper by 4.3% in the 1st quarter. FMR LLC now owns 391,110 shares of the basic materials company’s stock worth $18,096,000 after acquiring an additional 16,114 shares during the period. Schroder Investment Management Group boosted its holdings in International Paper by 11.7% in the 2nd quarter. Schroder Investment Management Group now owns 4,560,494 shares of the basic materials company’s stock worth $197,561,000 after acquiring an additional 476,899 shares during the period. Renaissance Technologies LLC boosted its holdings in International Paper by 4,347.2% in the 2nd quarter. Renaissance Technologies LLC now owns 395,800 shares of the basic materials company’s stock worth $17,146,000 after acquiring an additional 386,900 shares during the period. Northern Trust Corp boosted its holdings in International Paper by 8.7% in the 2nd quarter. Northern Trust Corp now owns 4,620,462 shares of the basic materials company’s stock worth $200,157,000 after acquiring an additional 370,194 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in International Paper by 32.6% in the 2nd quarter. Toronto Dominion Bank now owns 343,615 shares of the basic materials company’s stock worth $14,881,000 after acquiring an additional 84,445 shares during the period. 81.04% of the stock is owned by hedge funds and other institutional investors.
Shares of IP traded up $0.12 during trading on Thursday, reaching $44.11. The company’s stock had a trading volume of 125,985 shares, compared to its average volume of 2,823,085. The company has a fifty day moving average of $45.94 and a two-hundred day moving average of $42.93. International Paper Co has a twelve month low of $36.45 and a twelve month high of $48.24. The company has a market cap of $17.25 billion, a price-to-earnings ratio of 8.29 and a beta of 1.52. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 1.37.
International Paper (NYSE:IP) last announced its earnings results on Thursday, October 31st. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.10. International Paper had a return on equity of 26.97% and a net margin of 6.03%. The company had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.63 billion. During the same period in the prior year, the company posted $1.56 EPS. International Paper’s quarterly revenue was down 5.6% on a year-over-year basis. As a group, equities analysts forecast that International Paper Co will post 4.37 EPS for the current fiscal year.
A number of equities analysts have weighed in on the company. Wells Fargo & Co decreased their price target on International Paper from $43.00 to $42.00 and set a “market perform” rating for the company in a report on Tuesday, October 8th. Citigroup decreased their price target on International Paper from $45.00 to $43.00 and set a “neutral” rating for the company in a report on Thursday, October 17th. KeyCorp restated a “sell” rating and issued a $38.00 price target on shares of International Paper in a report on Thursday, October 31st. Royal Bank of Canada set a $43.00 price target on International Paper and gave the stock a “hold” rating in a report on Friday, November 1st. Finally, BNP Paribas assumed coverage on International Paper in a report on Monday, December 2nd. They issued an “outperform” rating and a $53.00 price target for the company. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $45.33.
In other International Paper news, SVP W. Michael Jr. Amick sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $44.83, for a total value of $358,640.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.33% of the company’s stock.
About International Paper
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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