International Paper Co (IP) Shares Sold by Bach Investment Advisors Ltd

Bach Investment Advisors Ltd decreased its stake in shares of International Paper Co (NYSE:IP) by 9.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,276 shares of the basic materials company’s stock after selling 524 shares during the period. International Paper makes up 0.1% of Bach Investment Advisors Ltd’s portfolio, making the stock its 26th biggest position. Bach Investment Advisors Ltd’s holdings in International Paper were worth $244,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund boosted its position in shares of International Paper by 4,091.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 4,104,128 shares of the basic materials company’s stock valued at $102,000 after purchasing an additional 4,006,214 shares in the last quarter. Norges Bank bought a new position in shares of International Paper during the 4th quarter valued at about $158,215,000. Dimensional Fund Advisors LP boosted its position in shares of International Paper by 67.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,553 shares of the basic materials company’s stock valued at $167,264,000 after purchasing an additional 1,667,274 shares in the last quarter. Millennium Management LLC boosted its position in shares of International Paper by 202.1% during the 4th quarter. Millennium Management LLC now owns 1,379,593 shares of the basic materials company’s stock valued at $55,680,000 after purchasing an additional 922,860 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of International Paper by 23.4% during the 4th quarter. Bank of New York Mellon Corp now owns 4,591,395 shares of the basic materials company’s stock valued at $185,310,000 after purchasing an additional 870,015 shares in the last quarter. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

IP has been the subject of several research reports. Citigroup raised their price objective on shares of International Paper from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 5th. UBS Group decreased their target price on shares of International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $49.00 target price on shares of International Paper in a report on Tuesday, January 8th. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Finally, Deutsche Bank decreased their target price on shares of International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, January 17th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. International Paper currently has an average rating of “Hold” and an average price target of $53.00.

Shares of NYSE IP traded up $0.76 during mid-day trading on Friday, reaching $47.10. The company had a trading volume of 2,555,659 shares, compared to its average volume of 2,965,712. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.43 and a quick ratio of 0.96. The firm has a market capitalization of $18.61 billion, a price-to-earnings ratio of 8.85, a price-to-earnings-growth ratio of 1.81 and a beta of 1.55. International Paper Co has a 12-month low of $37.55 and a 12-month high of $59.57.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.20. The business had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.73 billion. International Paper had a net margin of 7.32% and a return on equity of 31.35%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. On average, analysts predict that International Paper Co will post 5.17 EPS for the current year.

In other news, SVP W. Michael Jr. Amick sold 9,093 shares of the stock in a transaction that occurred on Tuesday, February 26th. The shares were sold at an average price of $47.65, for a total value of $433,281.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,100,150.00. The disclosure for this sale can be found here. Insiders sold 90,760 shares of company stock valued at $4,250,837 over the last three months. 0.33% of the stock is owned by insiders.

WARNING: “International Paper Co (IP) Shares Sold by Bach Investment Advisors Ltd” was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.baseballdailydigest.com/news/2019/05/04/international-paper-co-ip-stake-lessened-by-bach-investment-advisors-ltd.html.

International Paper 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.

Recommended Story: Quiet Period

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

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.