International Paper (NYSE:IP) Stake Lessened by Arkadios Wealth Advisors

Arkadios Wealth Advisors lessened its position in shares of International Paper (NYSE:IP - Free Report) by 14.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,366 shares of the basic materials company's stock after selling 4,744 shares during the quarter. Arkadios Wealth Advisors' holdings in International Paper were worth $1,527,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC raised its holdings in shares of International Paper by 88.4% in the third 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. Geode Capital Management LLC raised its stake in International Paper by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company's stock valued at $407,463,000 after purchasing an additional 99,720 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its holdings in International Paper by 125.1% in the 3rd 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. Charles Schwab Investment Management Inc. boosted its stake in shares of International Paper by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,579,679 shares of the basic materials company's stock worth $174,867,000 after purchasing an additional 9,774 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of International Paper by 19.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,295,926 shares of the basic materials company's stock worth $161,006,000 after buying an additional 537,825 shares in the last quarter. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $58.39, for a total value of $35,034.00. Following the sale, the director now owns 37,145 shares of the company's stock, valued at $2,168,896.55. This trade represents a 1.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 1,800 shares of company stock valued at $100,848. 0.55% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on IP shares. BNP Paribas lowered International Paper from a "neutral" rating to an "underperform" rating and set a $48.20 price target on the stock. in a research note on Wednesday, November 13th. Truist Financial raised 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. Finally, Royal Bank of Canada upped 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. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, International Paper currently has an average rating of "Moderate Buy" and an average target price of $51.99.

International Paper Stock Up 1.2 %

NYSE:IP traded up $0.68 during mid-day trading on Monday, reaching $56.94. The stock had a trading volume of 4,816,206 shares, compared to its average volume of 2,569,151. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11. The company has a market capitalization of $19.78 billion, a price-to-earnings ratio of 48.67 and a beta of 1.03. International Paper has a 1-year low of $32.70 and a 1-year high of $60.36. The stock's 50 day simple moving average is $56.01 and its two-hundred day simple moving average is $50.69.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.69 billion for the quarter, compared to analysts' expectations of $4.70 billion. During the same period last year, the business posted $0.64 earnings per share. The firm's revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts anticipate that International Paper will post 1.18 EPS for the current year.

International Paper Company Profile

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.