Czech National Bank Acquires 4,563 Shares of International Paper (NYSE:IP)

Czech National Bank raised its holdings in International Paper (NYSE:IP) by 6.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 75,325 shares of the basic materials company’s stock after buying an additional 4,563 shares during the quarter. Czech National Bank’s holdings in International Paper were worth $4,054,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group bought a new stake in shares of International Paper in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new stake in shares of International Paper in the 3rd quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in shares of International Paper in the 3rd quarter valued at approximately $28,000. Versant Capital Management Inc boosted its position in shares of International Paper by 313.3% during the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 448 shares in the last quarter. Finally, Eastern Bank purchased a new stake in International Paper in the third quarter worth $40,000. 81.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

International Paper Trading Up 0.4 %

International Paper stock opened at $55.64 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The business’s fifty day simple moving average is $56.12 and its two-hundred day simple moving average is $50.42. International Paper has a 12 month low of $32.70 and a 12 month high of $60.36. The company has a market capitalization of $19.33 billion, a price-to-earnings ratio of 47.56 and a beta of 1.03.

International Paper (NYSE:IP) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The business had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the previous year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, equities analysts predict that International Paper will post 1.18 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Kathryn D. Sullivan sold 600 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $53.50, for a total transaction of $32,100.00. Following the transaction, the director now directly owns 38,345 shares of the company’s stock, valued at $2,051,457.50. This represents a 1.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 1,800 shares of company stock valued at $100,848 over the last ninety days. 0.55% of the stock is currently owned by corporate 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.