Dimensional Fund Advisors LP Grows Position in International Paper Company $IP

Dimensional Fund Advisors LP boosted its position in shares of International Paper Company (NYSE:IP) by 3.7% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,466,933 shares of the basic materials company’s stock after acquiring an additional 160,202 shares during the quarter. Dimensional Fund Advisors LP’s holdings in International Paper were worth $207,249,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in shares of International Paper by 63,400.0% during the second quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock valued at $30,000 after buying an additional 634 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of International Paper during the 2nd quarter worth approximately $33,000. Elevation Point Wealth Partners LLC purchased a new position in International Paper during the 2nd quarter valued at $35,000. CYBER HORNET ETFs LLC bought a new position in International Paper in the 2nd quarter valued at $43,000. Finally, City Holding Co. bought a new position in International Paper in the 3rd quarter valued at $46,000. Institutional investors own 81.95% of the company’s stock.

Insider Activity at International Paper

In related news, CEO Andrew K. Silvernail acquired 50,000 shares of the stock in a transaction dated Friday, January 30th. The stock was acquired at an average cost of $39.98 per share, for a total transaction of $1,999,000.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares of the company’s stock, valued at approximately $1,999,000. This represents a ? increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

International Paper Stock Performance

IP opened at $39.50 on Friday. The company has a market cap of $20.91 billion, a P/E ratio of -5.89 and a beta of 1.09. The company has a quick ratio of 1.02, a current ratio of 1.28 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $43.36 and its 200-day moving average price is $43.22. International Paper Company has a 52-week low of $35.56 and a 52-week high of $56.64.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on IP shares. Stifel Nicolaus cut their price target on shares of International Paper from $51.80 to $50.70 and set a “buy” rating on the stock in a report on Monday, February 9th. Jefferies Financial Group boosted their price objective on shares of International Paper from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Royal Bank Of Canada decreased their target price on shares of International Paper from $55.00 to $54.00 and set an “outperform” rating for the company in a research report on Friday, January 30th. Zacks Research downgraded shares of International Paper from a “hold” rating to a “strong sell” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Paper in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.25.

International Paper Company 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.