ALM First Financial Advisors LLC Invests $207,000 in International Paper (NYSE:IP)

ALM First Financial Advisors LLC acquired a new stake in International Paper (NYSE:IP) in the fourth quarter, Holdings Channel.com reports. The firm acquired 3,850 shares of the basic materials company’s stock, valued at approximately $207,000. International Paper comprises 0.0% of ALM First Financial Advisors LLC’s portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC increased its stake in International Paper by 88.4% in the 3rd quarter. FMR LLC now owns 17,839,237 shares of the basic materials company’s stock worth $871,447,000 after acquiring an additional 8,370,273 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of International Paper during the second quarter worth about $119,012,000. Point72 Asset Management L.P. increased its position in shares of International Paper by 511.1% in the third quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company’s stock worth $145,106,000 after purchasing an additional 2,484,386 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in International Paper by 125.1% in the third quarter. Diamond Hill Capital Management Inc. now owns 4,235,846 shares of the basic materials company’s stock valued at $206,921,000 after purchasing an additional 2,354,341 shares in the last quarter. Finally, Samlyn Capital LLC bought a new stake in International Paper during the second quarter valued at approximately $88,966,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Stock Performance

International Paper stock opened at $56.45 on Friday. The firm has a fifty day simple moving average of $56.06 and a two-hundred day simple moving average of $50.46. International Paper has a twelve month low of $32.70 and a twelve month high of $60.36. The company has a market capitalization of $19.61 billion, a PE ratio of 48.25 and a beta of 1.03. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last announced its quarterly earnings results 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. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the business earned $0.64 EPS. International Paper’s revenue was up 1.6% compared to the same quarter last year. Research analysts expect that International Paper will post 1.18 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the transaction, the director now owns 37,145 shares in the company, valued at $2,168,896.55. The trade was a 1.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders have 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.