Amalgamated Bank lowered its stake in shares of International Paper Co (NYSE:IP) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,528 shares of the basic materials company’s stock after selling 1,295 shares during the period. Amalgamated Bank’s holdings in International Paper were worth $2,080,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. Foster & Motley Inc. increased its stake in International Paper by 1.0% during the 4th quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 248 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in International Paper by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock worth $560,000 after acquiring an additional 248 shares in the last quarter. Investors Research Corp grew its holdings in International Paper by 1.4% during the 4th quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after acquiring an additional 300 shares in the last quarter. WealthTrust Arizona LLC grew its holdings in International Paper by 40.0% during the 4th quarter. WealthTrust Arizona LLC now owns 1,050 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 300 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in International Paper by 2.0% during the 4th quarter. Macquarie Group Ltd. now owns 15,910 shares of the basic materials company’s stock worth $643,000 after acquiring an additional 310 shares in the last quarter. 81.36% of the stock is currently owned by institutional investors.
In related news, SVP W. Michael Jr. Amick sold 9,093 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $47.65, for a total transaction of $433,281.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider John V. Sims sold 12,667 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $45.96, for a total transaction of $582,175.32. The disclosure for this sale can be found here. Insiders sold a total of 85,760 shares of company stock worth $4,016,587 over the last quarter. Insiders own 0.33% of the company’s stock.
Shares of NYSE IP traded up $0.47 during midday trading on Friday, reaching $44.43. The company’s stock had a trading volume of 2,522,756 shares, compared to its average volume of 2,762,461. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.49 and a quick ratio of 1.01. International Paper Co has a one year low of $37.55 and a one year high of $59.57. The company has a market capitalization of $17.84 billion, a P/E ratio of 8.35, a PEG ratio of 1.74 and a beta of 1.57.
International Paper (NYSE:IP) last released its earnings results on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.83%. The business had revenue of $5.95 billion for the quarter, compared to the consensus estimate of $5.86 billion. On average, analysts anticipate that International Paper Co will post 5.11 earnings per share for the current year.
International Paper Company Profile
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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