IVC Wealth Advisors LLC Has $344,000 Stock Position in International Paper (NYSE:IP)

IVC Wealth Advisors LLC lowered its position in International Paper (NYSE:IP) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,395 shares of the basic materials company’s stock after selling 785 shares during the quarter. IVC Wealth Advisors LLC’s holdings in International Paper were worth $344,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of IP. Brooklyn Investment Group acquired a new position in International Paper in the third quarter worth approximately $25,000. Legacy Investment Solutions LLC acquired a new position in shares of International Paper during the 3rd quarter worth $28,000. Ashton Thomas Securities LLC bought a new position in shares of International Paper during the 3rd quarter valued at $28,000. Versant Capital Management Inc lifted its stake in shares of International Paper by 313.3% in the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 448 shares during the last quarter. Finally, City State Bank increased its position in International Paper by 107.7% during the fourth quarter. City State Bank now owns 675 shares of the basic materials company’s stock worth $36,000 after buying an additional 350 shares during the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank of Canada boosted their price target on International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Finally, Truist Financial boosted their price objective on shares of International Paper from $61.00 to $65.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and an average target price of $51.99.

International Paper Stock Up 0.6 %

Shares of IP opened at $58.55 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. The company has a 50-day simple moving average of $56.05 and a 200-day simple moving average of $50.95. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36. The firm has a market capitalization of $20.34 billion, a P/E ratio of 50.04 and a beta of 1.03.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.20. The business had revenue of $4.69 billion for the quarter, compared to analysts’ expectations of $4.70 billion. International Paper had a return on equity of 6.49% and a net margin of 2.25%. International Paper’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.64 earnings per share. On average, equities research analysts expect that International Paper will post 1.18 earnings per share for the current year.

Insider Transactions at International Paper

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $56.19, for a total transaction of $33,714.00. Following the completion of the transaction, the director now directly owns 37,745 shares in the company, valued at $2,120,891.55. This represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders sold 1,800 shares of company stock valued at $100,848. Company insiders own 0.55% of the company’s stock.

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.