International Paper (NYSE:IP) Shares Bought by Capital Investment Advisory Services LLC

Capital Investment Advisory Services LLC raised its holdings in International Paper (NYSE:IP) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,018 shares of the basic materials company’s stock after purchasing an additional 545 shares during the period. Capital Investment Advisory Services LLC’s holdings in International Paper were worth $434,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IP. Venturi Wealth Management LLC boosted its stake in shares of International Paper by 37.5% in the fourth quarter. Venturi Wealth Management LLC now owns 1,081 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 295 shares during the last quarter. Allworth Financial LP lifted its position in International Paper by 4.7% during the third quarter. Allworth Financial LP now owns 6,849 shares of the basic materials company’s stock worth $243,000 after buying an additional 306 shares in the last quarter. XML Financial LLC lifted its position in International Paper by 0.4% during the third quarter. XML Financial LLC now owns 87,859 shares of the basic materials company’s stock worth $3,116,000 after buying an additional 312 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in International Paper by 19.8% during the third quarter. Parkside Financial Bank & Trust now owns 1,900 shares of the basic materials company’s stock worth $67,000 after buying an additional 314 shares in the last quarter. Finally, Pinion Investment Advisors LLC lifted its position in International Paper by 1.9% during the fourth quarter. Pinion Investment Advisors LLC now owns 19,506 shares of the basic materials company’s stock worth $705,000 after buying an additional 361 shares in the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

IP has been the topic of a number of analyst reports. StockNews.com downgraded International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Bank of America upgraded 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 report on Monday, March 4th. Wells Fargo & Company reduced their target price on International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, February 2nd. Citigroup upgraded International Paper from a “neutral” rating to a “buy” rating and lifted their target price for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $43.00 target price on shares of International Paper in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.13.

Insider Buying and Selling

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total transaction of $201,550.00. Following the completion of the transaction, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at approximately $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 8,800 shares of company stock valued at $310,438 in the last three months. 0.55% of the stock is owned by corporate insiders.

International Paper Price Performance

IP stock opened at $34.41 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.19 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $11.95 billion, a PE ratio of 41.96 and a beta of 0.99. International Paper has a 12-month low of $29.00 and a 12-month high of $41.28. The business’s fifty day moving average price is $36.72 and its 200 day moving average price is $35.84.

International Paper (NYSE:IP) last released its earnings results on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. International Paper had a return on equity of 8.87% and a net margin of 1.52%. The firm had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the previous year, the firm posted $0.87 EPS. International Paper’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that International Paper will post 1.91 EPS for the current year.

About International Paper

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.