Investors Buy Large Volume of Call Options on International Paper (NYSE:IP)

International Paper (NYSE:IP) was the target of some unusual options trading on Tuesday. Traders acquired 22,860 call options on the company. This is an increase of approximately 294% compared to the average daily volume of 5,809 call options.

Insider Buying and Selling at International Paper

In related news, SVP James P. Jr. Royalty sold 5,800 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $34.75, for a total transaction of $201,550.00. Following the sale, the senior vice president now owns 69,488 shares of the company’s stock, valued at approximately $2,414,708. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 9,400 shares of company stock valued at $331,402 in the last quarter. 0.55% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On International Paper

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Manchester Capital Management LLC purchased a new stake in shares of International Paper during the third quarter worth about $25,000. Jones Financial Companies Lllp grew its position in shares of International Paper by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 703 shares of the basic materials company’s stock worth $25,000 after buying an additional 475 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of International Paper during the fourth quarter valued at approximately $27,000. MCF Advisors LLC raised its holdings in International Paper by 1,094.7% in the 1st quarter. MCF Advisors LLC now owns 681 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 624 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in shares of International Paper by 2,281.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 753 shares during the period. 81.95% of the stock is currently owned by institutional investors.

International Paper Trading Up 5.2 %

Shares of IP opened at $38.84 on Wednesday. The firm has a market cap of $13.49 billion, a price-to-earnings ratio of 79.27 and a beta of 1.01. The firm has a 50 day moving average price of $36.84 and a 200-day moving average price of $35.88. International Paper has a fifty-two week low of $29.00 and a fifty-two week high of $41.30. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.22 and a current ratio of 1.68.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.06). The business had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. International Paper had a net margin of 0.93% and a return on equity of 7.45%. The business’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.53 earnings per share. As a group, equities research analysts forecast that International Paper will post 1.88 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on IP. Wells Fargo & Company decreased their target price on International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, February 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 price objective on shares of International Paper in a research report on Friday, February 2nd. Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and lifted their target price for the company from $37.00 to $42.00 in a research report on Monday, March 4th. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and increased their price target for the stock from $36.00 to $46.00 in a report on Wednesday, March 20th. Finally, Truist Financial reiterated a “buy” rating and issued a $40.00 target price on shares of International Paper in a research report on Wednesday, April 17th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $38.57.

International Paper Company Profile

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.