10,133 Shares in International Paper (NYSE:IP) Bought by One68 Global Capital LLC

One68 Global Capital LLC acquired a new position in International Paper (NYSE:IP) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 10,133 shares of the basic materials company’s stock, valued at approximately $545,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Barclays PLC grew its position in shares of International Paper by 4.5% in the third quarter. Barclays PLC now owns 916,599 shares of the basic materials company’s stock valued at $44,774,000 after purchasing an additional 39,404 shares in the last quarter. Bard Financial Services Inc. purchased a new stake in International Paper in the 3rd quarter worth approximately $305,000. World Investment Advisors LLC grew its position in shares of International Paper by 6.1% during the 3rd quarter. World Investment Advisors LLC now owns 9,191 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 529 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in International Paper during the third quarter valued at $614,000. Finally, Oddo BHF Asset Management Sas purchased a new position in International Paper during the third quarter worth about $895,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Wall Street Analysts Forecast Growth

IP has been the topic of several research analyst reports. Wells Fargo & Company decreased their price objective on shares of International Paper from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Citigroup assumed coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price objective on shares of International Paper in a research report on Wednesday, March 26th. Finally, Bank of America assumed coverage on International Paper in a research report on Thursday, February 13th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $54.77.

International Paper Stock Performance

International Paper stock opened at $47.59 on Wednesday. International Paper has a fifty-two week low of $34.54 and a fifty-two week high of $60.36. The stock has a market cap of $25.12 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 0.39 and a beta of 0.99. The stock’s 50 day simple moving average is $50.61 and its two-hundred day simple moving average is $53.57. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49.

International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.20). International Paper had a net margin of 2.99% and a return on equity of 4.75%. As a group, analysts expect that International Paper will post 2.77 earnings per share for the current fiscal 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.