International Paper Company (NYSE:IP – Get Free Report) CAO Holly Goughnour sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer owned 34,248 shares of the company’s stock, valued at $1,437,046.08. The trade was a 9.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
International Paper Stock Performance
Shares of International Paper stock opened at $42.30 on Thursday. The company has a 50 day moving average of $37.49 and a 200-day moving average of $37.99. The company has a market cap of $22.40 billion, a PE ratio of -6.49 and a beta of 0.94. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57. International Paper Company has a 1-year low of $29.26 and a 1-year high of $50.25.
International Paper (NYSE:IP – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.04) by $0.08. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the business earned $0.20 earnings per share. The company’s revenue was down 11.3% on a year-over-year basis. As a group, equities research analysts forecast that International Paper Company will post 1.38 earnings per share for the current fiscal year.
International Paper Announces Dividend
Institutional Investors Weigh In On International Paper
Several hedge funds have recently added to or reduced their stakes in the business. MCF Advisors LLC boosted its holdings in shares of International Paper by 36.7% in the 4th quarter. MCF Advisors LLC now owns 853 shares of the basic materials company’s stock worth $34,000 after buying an additional 229 shares during the last quarter. Rothschild Investment LLC raised its position in International Paper by 4.2% in the fourth quarter. Rothschild Investment LLC now owns 5,993 shares of the basic materials company’s stock worth $236,000 after acquiring an additional 242 shares during the period. Independent Advisor Alliance raised its position in International Paper by 3.3% in the fourth quarter. Independent Advisor Alliance now owns 7,750 shares of the basic materials company’s stock worth $305,000 after acquiring an additional 244 shares during the period. Horizon Investments LLC boosted its stake in International Paper by 3.3% in the fourth quarter. Horizon Investments LLC now owns 8,456 shares of the basic materials company’s stock valued at $333,000 after acquiring an additional 267 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of International Paper by 1.3% during the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock valued at $853,000 after acquiring an additional 298 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on IP. Loop Capital set a $61.00 target price on International Paper in a research report on Tuesday, July 28th. Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a report on Tuesday, July 14th. Royal Bank Of Canada increased their price objective on shares of International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d)” rating on shares of International Paper in a research report on Friday, July 24th. Finally, JPMorgan Chase & Co. upgraded shares of International Paper from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $51.00 to $61.00 in a report on Tuesday, July 28th. Nine analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.75.
Get Our Latest Analysis on International Paper
About International Paper
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
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