Impact Partnership Wealth LLC Has $1 Million Holdings in International Paper (NYSE:IP)

Impact Partnership Wealth LLC raised its position in International Paper (NYSE:IP) by 73.2% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 18,630 shares of the basic materials company’s stock after acquiring an additional 7,871 shares during the period. Impact Partnership Wealth LLC’s holdings in International Paper were worth $1,003,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC grew 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 valued at $871,447,000 after buying an additional 8,370,273 shares during the last quarter. Point72 Asset Management L.P. grew 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 valued at $145,106,000 after purchasing an additional 2,484,386 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in shares of International Paper by 125.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 4,235,846 shares of the basic materials company’s stock worth $206,921,000 after purchasing an additional 2,354,341 shares during the period. Ceredex Value Advisors LLC bought a new position in shares of International Paper during the third quarter worth approximately $84,526,000. Finally, Artemis Investment Management LLP lifted its holdings in International Paper by 147.2% during the 4th quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company’s stock worth $108,706,000 after purchasing an additional 1,202,632 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper 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 sale, the director now owns 37,745 shares of the company’s stock, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 1,800 shares of company stock worth $100,848. Corporate insiders own 0.55% of the company’s stock.

International Paper Stock Performance

NYSE 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 market capitalization of $20.34 billion, a PE ratio of 50.04 and a beta of 1.03. International Paper has a 52-week low of $32.70 and a 52-week high of $60.36. The company has a 50-day simple moving average of $56.05 and a 200 day simple moving average of $50.95.

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