International Paper Company $IP Shares Sold by Banque Cantonale Vaudoise

Banque Cantonale Vaudoise cut its position in International Paper Company (NYSE:IP) by 42.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,837 shares of the basic materials company’s stock after selling 36,909 shares during the quarter. Banque Cantonale Vaudoise’s holdings in International Paper were worth $2,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in International Paper during the 2nd quarter worth about $33,000. Elevation Point Wealth Partners LLC purchased a new position in shares of International Paper in the 2nd quarter valued at about $35,000. CYBER HORNET ETFs LLC acquired a new position in shares of International Paper during the second quarter worth about $43,000. City Holding Co. purchased a new stake in shares of International Paper during the third quarter worth approximately $46,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of International Paper during the third quarter worth approximately $49,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insiders Place Their Bets

In other International Paper news, CEO Andrew K. Silvernail acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $39.98 per share, with a total value of $1,999,000.00. Following the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at approximately $1,999,000. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.35% of the company’s stock.

International Paper Stock Down 1.2%

IP stock opened at $38.62 on Thursday. International Paper Company has a one year low of $35.56 and a one year high of $56.64. The stock has a market capitalization of $20.45 billion, a PE ratio of -5.76 and a beta of 1.09. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.02 and a current ratio of 1.28. The company has a fifty day moving average of $43.30 and a 200-day moving average of $43.03.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 29th. The basic materials company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.36). The business had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $5.90 billion. International Paper had a negative net margin of 14.12% and a negative return on equity of 0.35%. The firm’s quarterly revenue was up 53.1% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, analysts expect that International Paper Company will post 2.77 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on IP. Argus decreased their price objective on shares of International Paper from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, December 22nd. Citigroup raised their price target on International Paper from $46.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, January 30th. Zacks Research cut International Paper from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of International Paper in a report on Monday, December 29th. Finally, BNP Paribas Exane raised International Paper from a “strong sell” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Monday, November 24th. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, International Paper presently has an average rating of “Hold” and a consensus price target of $48.25.

International Paper Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.