Stephens Inc. AR Buys 16,259 Shares of International Paper Co (IP)

Stephens Inc. AR boosted its stake in shares of International Paper Co (NYSE:IP) by 23.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,958 shares of the basic materials company’s stock after purchasing an additional 16,259 shares during the quarter. Stephens Inc. AR’s holdings in International Paper were worth $3,931,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of IP. Bremer Trust National Association purchased a new stake in International Paper in the fourth quarter valued at about $25,000. Baldwin Brothers Inc. MA purchased a new position in shares of International Paper in the fourth quarter worth about $26,000. CWM LLC raised its stake in shares of International Paper by 81.2% in the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 333 shares during the last quarter. Truvestments Capital LLC purchased a new position in shares of International Paper in the first quarter worth about $30,000. Finally, Lindbrook Capital LLC purchased a new position in shares of International Paper in the fourth quarter worth about $32,000. 81.53% of the stock is currently owned by institutional investors.

International Paper stock traded up $0.84 during midday trading on Tuesday, hitting $45.00. 50,072 shares of the company were exchanged, compared to its average volume of 2,935,065. The firm has a market cap of $17.59 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 1.77 and a beta of 1.55. International Paper Co has a fifty-two week low of $37.55 and a fifty-two week high of $59.57. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 1.37.



International Paper (NYSE:IP) last posted its earnings results on Thursday, April 25th. The basic materials company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.91 by $0.20. The firm had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.73 billion. International Paper had a return on equity of 31.35% and a net margin of 7.32%. International Paper’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. Equities analysts expect that International Paper Co will post 5.17 EPS for the current year.

In related news, SVP Jeanmichel Ribieras sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total transaction of $234,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider John V. Sims sold 12,667 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $45.96, for a total value of $582,175.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,760 shares of company stock worth $4,250,837. 0.33% of the stock is owned by corporate insiders.

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Bank of America cut International Paper from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. UBS Group reduced their price objective on International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Deutsche Bank reduced their price objective on International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, January 17th. Finally, Royal Bank of Canada raised their price objective on International Paper to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $53.00.

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About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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