Elevated Capital Advisors LLC Has $1.25 Million Stake in International Paper (NYSE:IP)

Elevated Capital Advisors LLC cut its holdings in shares of International Paper (NYSE:IP) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,294 shares of the basic materials company’s stock after selling 1,195 shares during the quarter. Elevated Capital Advisors LLC’s holdings in International Paper were worth $1,254,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IP. First Horizon Advisors Inc. boosted its stake in shares of International Paper by 5.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,282 shares of the basic materials company’s stock worth $160,000 after acquiring an additional 177 shares during the period. Empirical Finance LLC increased its holdings in shares of International Paper by 1.9% in the third quarter. Empirical Finance LLC now owns 12,270 shares of the basic materials company’s stock valued at $599,000 after purchasing an additional 224 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of International Paper by 20.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,396 shares of the basic materials company’s stock valued at $68,000 after purchasing an additional 239 shares during the period. Altrius Capital Management Inc lifted its stake in shares of International Paper by 0.3% during the 2nd quarter. Altrius Capital Management Inc now owns 112,487 shares of the basic materials company’s stock worth $4,854,000 after buying an additional 296 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its holdings in shares of International Paper by 5.7% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 5,824 shares of the basic materials company’s stock worth $284,000 after buying an additional 314 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $48.08, for a total value of $28,848.00. Following the sale, the director now owns 38,945 shares of the company’s stock, valued at $1,872,475.60. The trade was a 1.52 % 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 sold a total of 2,400 shares of company stock valued at $129,696 in the last 90 days. Corporate insiders own 0.55% of the company’s stock.

International Paper Price Performance

International Paper stock traded down $0.24 during midday trading on Monday, reaching $53.85. The company’s stock had a trading volume of 5,927,522 shares, compared to its average volume of 3,718,614. The stock has a market cap of $18.71 billion, a PE ratio of 46.03 and a beta of 1.03. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36. The business has a 50-day moving average price of $56.22 and a 200-day moving average price of $50.26.

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

Wall Street Analyst Weigh In

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

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.