180 Wealth Advisors LLC Lowers Stock Position in International Paper (NYSE:IP)

180 Wealth Advisors LLC decreased its position in International Paper (NYSE:IP) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,414 shares of the basic materials company’s stock after selling 256 shares during the period. 180 Wealth Advisors LLC’s holdings in International Paper were worth $399,000 at the end of the most recent quarter.

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

Insider Transactions at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $58.39, for a total transaction of $35,034.00. Following the sale, the director now owns 37,145 shares of the company’s stock, valued at approximately $2,168,896.55. The trade was a 1.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 1,800 shares of company stock worth $100,848 in the last quarter. Company insiders own 0.55% of the company’s stock.

International Paper Trading Up 2.6 %

IP opened at $55.30 on Wednesday. The firm has a market capitalization of $19.21 billion, a price-to-earnings ratio of 47.27 and a beta of 1.03. The company’s 50 day simple moving average is $56.12 and its two-hundred day simple moving average is $50.42. International Paper has a 1-year low of $32.70 and a 1-year high of $60.36. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.53 and a quick ratio of 1.11.

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

Wall Street Analyst Weigh In

Several research firms have issued reports on IP. BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price objective on the stock. in a report on Wednesday, November 13th. Truist Financial raised their price target on shares of International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, Royal Bank of Canada lifted 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. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, International Paper presently has a consensus 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.