Executive Wealth Management LLC Buys New Stake in International Paper Co (IP)

Executive Wealth Management LLC acquired a new stake in International Paper Co (NYSE:IP) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 820 shares of the basic materials company’s stock, valued at approximately $33,000.

Other hedge funds have also added to or reduced their stakes in the company. 10 15 Associates Inc. raised its position in shares of International Paper by 1.7% in the fourth quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock worth $536,000 after acquiring an additional 220 shares during the period. Foster & Motley Inc. raised its holdings in shares of International Paper by 1.0% during the fourth quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock worth $1,007,000 after purchasing an additional 248 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of International Paper by 1.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 248 shares during the period. Investors Research Corp raised its holdings in shares of International Paper by 1.4% during the fourth quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 300 shares during the period. Finally, WealthTrust Arizona LLC raised its holdings in shares of International Paper by 40.0% during the fourth quarter. WealthTrust Arizona LLC now owns 1,050 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 300 shares during the period. 81.36% of the stock is currently owned by institutional investors and hedge funds.

In other International Paper news, insider John V. Sims sold 12,667 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $45.96, for a total value of $582,175.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP W. Michael Jr. Amick sold 9,093 shares of the company’s stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $47.65, for a total transaction of $433,281.45. The disclosure for this sale can be found here. Insiders sold a total of 85,760 shares of company stock valued at $4,016,587 in the last quarter. 0.33% of the stock is currently owned by insiders.

Shares of International Paper stock traded up $0.47 during trading on Friday, hitting $44.43. 2,522,756 shares of the stock were exchanged, compared to its average volume of 2,762,461. The firm has a market capitalization of $17.84 billion, a P/E ratio of 8.35, a P/E/G ratio of 1.74 and a beta of 1.57. 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 Co has a 12 month low of $37.55 and a 12 month high of $59.57.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.04. The firm had revenue of $5.95 billion during the quarter, compared to analyst estimates of $5.86 billion. International Paper had a net margin of 8.63% and a return on equity of 30.83%. As a group, sell-side analysts forecast that International Paper Co will post 5.11 earnings per share for the current year.

IP has been the topic of a number of research reports. Royal Bank of Canada reissued a “buy” rating and set a $49.00 target price on shares of International Paper in a report on Tuesday, January 8th. Citigroup reissued a “buy” rating and set a $53.00 target price on shares of International Paper in a report on Friday, February 1st. UBS Group dropped their target price on shares of International Paper from $55.00 to $54.00 and set a “buy” rating on the stock in a report on Wednesday, April 10th. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Deutsche Bank lowered their price target on shares of International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. International Paper presently has an average rating of “Hold” and an average price target of $53.00.

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About International Paper

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

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