International Paper Co (NYSE:IP) Shares Bought by Fmr LLC

FMR LLC grew its position in International Paper Co (NYSE:IP) by 42.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 374,996 shares of the basic materials company’s stock after purchasing an additional 112,639 shares during the period. FMR LLC owned approximately 0.09% of International Paper worth $15,134,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bremer Trust National Association acquired a new position in International Paper during the 4th quarter worth $25,000. Baldwin Brothers Inc. MA acquired a new position in International Paper during the 4th quarter worth $26,000. CWM LLC boosted its position in International Paper by 81.2% during the 4th quarter. CWM LLC now owns 743 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 333 shares during the period. Lindbrook Capital LLC bought a new stake in shares of International Paper in the 4th quarter worth $32,000. Finally, Proficio Capital Partners LLC raised its stake in shares of International Paper by 94.6% in the 4th quarter. Proficio Capital Partners LLC now owns 798 shares of the basic materials company’s stock worth $32,000 after buying an additional 388 shares in the last quarter. Institutional investors and hedge funds own 81.58% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered International Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Royal Bank of Canada reaffirmed a “buy” rating and set a $49.00 target price on shares of International Paper in a research report on Tuesday, January 8th. Wells Fargo & Co lowered International Paper from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 9th. Deutsche Bank dropped their price target on International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, January 17th. Finally, Stephens raised International Paper from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $50.00 to $60.00 in a research report on Wednesday, January 23rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $53.00.

In other news, insider Timothy S. Nicholls sold 45,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $46.67, for a total value of $2,100,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John V. Sims sold 12,667 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $45.96, for a total value of $582,175.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 85,760 shares of company stock valued at $4,016,587. Insiders own 0.32% of the company’s stock.

Shares of IP traded down $0.68 during trading hours on Monday, hitting $47.08. 2,307,041 shares of the company were exchanged, compared to its average volume of 2,837,918. The company has a market cap of $19.18 billion, a PE ratio of 8.85, a price-to-earnings-growth ratio of 0.96 and a beta of 1.57. International Paper Co has a 52 week low of $37.55 and a 52 week high of $59.57. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.01 and a current ratio of 1.49.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.04. International Paper had a return on equity of 30.83% and a net margin of 8.63%. The company had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.86 billion. On average, research analysts predict that International Paper Co will post 5.14 earnings per share for the current year.

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About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating Kraft.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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