Uncommon Cents Investing LLC Has $4.59 Million Stock Position in International Paper (NYSE:IP)

Uncommon Cents Investing LLC reduced its position in shares of International Paper (NYSE:IP) by 2.0% in the 4th quarter, HoldingsChannel reports. The firm owned 85,340 shares of the basic materials company’s stock after selling 1,785 shares during the period. International Paper accounts for about 1.4% of Uncommon Cents Investing LLC’s investment portfolio, making the stock its 15th largest holding. Uncommon Cents Investing LLC’s holdings in International Paper were worth $4,593,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in shares of International Paper by 5.7% during the third quarter. First Horizon Advisors Inc. now owns 3,282 shares of the basic materials company’s stock worth $160,000 after purchasing an additional 177 shares during the last quarter. Empirical Finance LLC lifted its position in International Paper by 1.9% during the 3rd quarter. Empirical Finance LLC now owns 12,270 shares of the basic materials company’s stock worth $599,000 after buying an additional 224 shares in the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in International Paper by 20.7% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,396 shares of the basic materials company’s stock worth $68,000 after acquiring an additional 239 shares during the last quarter. OneDigital Investment Advisors LLC increased its position in International Paper by 5.7% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,824 shares of the basic materials company’s stock valued at $284,000 after acquiring an additional 314 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of International Paper by 38.8% in the third quarter. Assetmark Inc. now owns 1,184 shares of the basic materials company’s stock worth $58,000 after acquiring an additional 331 shares during the last quarter. 81.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on IP. BNP Paribas lowered shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target for the company. in a report on Wednesday, November 13th. Royal Bank of Canada lifted their target price on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Truist Financial upped their price target on International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $51.99.

International Paper Price Performance

IP opened at $56.94 on Monday. International Paper has a 12 month low of $32.70 and a 12 month high of $60.36. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The stock has a market cap of $19.78 billion, a P/E ratio of 48.67 and a beta of 1.03. The company has a fifty day simple moving average of $56.01 and a 200 day simple moving average of $50.69.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, October 31st. The basic materials company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.20. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The company had revenue of $4.69 billion during the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter in the prior year, the company earned $0.64 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year. On average, research analysts expect that International Paper will post 1.18 EPS for the current year.

Insider Activity at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $53.50, for a total value of $32,100.00. Following the sale, the director now owns 38,345 shares of the company’s stock, valued at approximately $2,051,457.50. The trade was a 1.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,800 shares of company stock valued at $100,848. 0.55% of the stock is owned by insiders.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.