International Paper Co (NYSE:IP) Stake Raised by Signature Wealth Management Group

Signature Wealth Management Group lifted its position in shares of International Paper Co (NYSE:IP) by 1.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,758 shares of the basic materials company’s stock after buying an additional 686 shares during the quarter. International Paper comprises 2.1% of Signature Wealth Management Group’s holdings, making the stock its 21st biggest position. Signature Wealth Management Group’s holdings in International Paper were worth $2,996,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in International Paper by 1.9% in the fourth quarter. BlackRock Inc. now owns 36,558,928 shares of the basic materials company’s stock valued at $1,475,518,000 after buying an additional 688,610 shares during the period. Vanguard Group Inc. lifted its stake in International Paper by 0.3% in the third quarter. Vanguard Group Inc. now owns 31,253,119 shares of the basic materials company’s stock valued at $1,536,091,000 after buying an additional 101,749 shares during the period. Vanguard Group Inc lifted its stake in International Paper by 0.3% in the third quarter. Vanguard Group Inc now owns 31,253,119 shares of the basic materials company’s stock valued at $1,536,091,000 after buying an additional 101,749 shares during the period. Geode Capital Management LLC lifted its stake in International Paper by 7.6% in the fourth quarter. Geode Capital Management LLC now owns 5,468,347 shares of the basic materials company’s stock valued at $220,435,000 after buying an additional 384,793 shares during the period. Finally, LSV Asset Management lifted its stake in International Paper by 3.4% in the fourth quarter. LSV Asset Management now owns 4,883,858 shares of the basic materials company’s stock valued at $197,112,000 after buying an additional 159,860 shares during the period. 81.53% of the stock is owned by institutional investors.

In related news, insider Timothy S. Nicholls sold 45,000 shares of the stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $46.67, for a total transaction of $2,100,150.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total value of $234,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 90,760 shares of company stock worth $4,250,837 in the last ninety days. Insiders own 0.33% of the company’s stock.

Several equities analysts have issued reports on IP shares. Zacks Investment Research lowered International Paper from a “hold” rating to a “sell” rating in a research note on Thursday, January 10th. Deutsche Bank lowered their target price 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. Stephens raised International Paper from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $50.00 to $60.00 in a research report on Wednesday, January 23rd. Citigroup reaffirmed a “buy” rating and set a $53.00 target price on shares of International Paper in a research report on Friday, February 1st. Finally, Royal Bank of Canada upped their target price on International Paper to $54.00 and gave the stock an “outperform” rating in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.00.

Shares of NYSE IP opened at $45.71 on Friday. International Paper Co has a one year low of $37.55 and a one year high of $59.57. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.96 and a current ratio of 1.43. The firm has a market cap of $18.91 billion, a PE ratio of 8.59, a PEG ratio of 1.82 and a beta of 1.55.

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

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

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