Bokf Na Sells 59,995 Shares of International Paper Company $IP

Bokf Na lowered its stake in shares of International Paper Company (NYSE:IP) by 86.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,755 shares of the basic materials company’s stock after selling 59,995 shares during the quarter. Bokf Na’s holdings in International Paper were worth $384,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. McIlrath & Eck LLC grew its holdings in International Paper by 452.6% during the fourth quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after buying an additional 525 shares in the last quarter. Sound Income Strategies LLC grew its holdings in International Paper by 94.0% during the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock worth $31,000 after buying an additional 344 shares in the last quarter. Kelleher Financial Advisors bought a new stake in International Paper during the third quarter worth $36,000. Laurel Wealth Advisors LLC bought a new stake in International Paper during the fourth quarter worth $37,000. Finally, Atlantic Union Bankshares Corp bought a new stake in International Paper during the third quarter worth $49,000. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Down 0.3%

Shares of NYSE:IP opened at $33.00 on Friday. The company has a market capitalization of $17.47 billion, a PE ratio of -5.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.21 and a quick ratio of 0.94. The business has a fifty day moving average price of $36.51 and a two-hundred day moving average price of $39.74. International Paper Company has a 1 year low of $29.45 and a 1 year high of $56.13.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, April 30th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.03). The business had revenue of $5.97 billion during the quarter, compared to the consensus estimate of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The firm’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 EPS. Analysts forecast that International Paper Company will post 1.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on IP shares. Royal Bank Of Canada decreased their price target on International Paper from $48.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, May 1st. Zacks Research downgraded International Paper from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 23rd. Truist Financial reduced their price objective on International Paper from $48.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, April 15th. Citigroup reduced their price objective on International Paper from $44.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 1st. Finally, BNP Paribas Exane reduced their price objective on International Paper from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Wednesday, March 25th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $43.73.

Insider Buying and Selling at International Paper

In other news, Director Anders Gustafsson purchased 13,217 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was bought at an average price of $37.83 per share, for a total transaction of $499,999.11. Following the purchase, the director owned 26,092 shares of the company’s stock, valued at $987,060.36. The trade was a 102.66% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Scott Tozier purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 1st. The shares were purchased at an average price of $31.30 per share, with a total value of $313,000.00. Following the purchase, the director directly owned 10,025 shares in the company, valued at $313,782.50. This trade represents a 40,000.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 36,092 shares of company stock valued at $1,313,064 in the last quarter. 0.21% of the stock is owned by corporate insiders.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.