Fruth Investment Management cut its position in shares of International Paper Co (NYSE:IP) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,875 shares of the basic materials company’s stock after selling 300 shares during the quarter. Fruth Investment Management’s holdings in International Paper were worth $364,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the business. 10 15 Associates Inc. increased its stake in International Paper by 1.7% during 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 last quarter. Foster & Motley Inc. boosted its position in shares of International Paper by 1.0% in the fourth 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. boosted its position in shares of International Paper by 1.8% in 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 buying an additional 248 shares during the period. Fluent Financial LLC boosted its position in shares of International Paper by 0.8% in the first quarter. Fluent Financial LLC now owns 35,015 shares of the basic materials company’s stock worth $1,620,000 after buying an additional 273 shares during the period. Finally, Investors Research Corp boosted its position in shares of International Paper by 1.4% in the fourth quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after buying an additional 300 shares during the period. Institutional investors own 81.36% of the company’s stock.
Shares of IP opened at $44.91 on Wednesday. The stock has a market capitalization of $18.90 billion, a P/E ratio of 8.44, a price-to-earnings-growth ratio of 0.97 and a beta of 1.57. International Paper Co has a one year low of $37.55 and a one year high of $59.57. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 1.36.
International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.04. The firm had revenue of $5.95 billion during the quarter, compared to the consensus estimate of $5.86 billion. International Paper had a return on equity of 30.83% and a net margin of 8.63%. On average, research analysts anticipate that International Paper Co will post 5.13 EPS for the current year.
IP has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “buy” rating and issued a $49.00 target price on shares of International Paper in a research report on Tuesday, January 8th. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research report on Wednesday, December 19th. Citigroup reaffirmed a “buy” rating and issued a $53.00 target price on shares of International Paper in a research report on Friday, February 1st. UBS Group decreased their target price on International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, Deutsche Bank reduced their price target on International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. International Paper has an average rating of “Hold” and a consensus price target of $53.00.
In other news, insider Gregory T. Wanta sold 9,000 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $47.72, for a total transaction of $429,480.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $2,100,150.00. The disclosure for this sale can be found here. Insiders sold 85,760 shares of company stock valued at $4,016,587 in the last three months. 0.32% of the stock is currently owned by company insiders.
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.
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