Unison Advisors LLC Boosts Stock Position in International Paper (NYSE:IP)

Unison Advisors LLC increased its holdings in shares of International Paper (NYSE:IP) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,369 shares of the basic materials company’s stock after buying an additional 607 shares during the period. Unison Advisors LLC’s holdings in International Paper were worth $2,802,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in International Paper by 133.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 14,214,754 shares of the basic materials company’s stock worth $613,367,000 after buying an additional 8,132,332 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in International Paper by 35.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,135,702 shares of the basic materials company’s stock valued at $824,716,000 after purchasing an additional 5,492,035 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in International Paper during the 2nd quarter worth $119,012,000. Samlyn Capital LLC purchased a new stake in shares of International Paper during the second quarter worth $88,966,000. Finally, Diamond Hill Capital Management Inc. purchased a new stake in shares of International Paper during the second quarter worth $81,187,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Trading Down 0.7 %

Shares of NYSE IP traded down $0.32 during mid-day trading on Thursday, reaching $46.78. 359,384 shares of the company’s stock were exchanged, compared to its average volume of 5,282,115. The company’s 50-day moving average is $47.61 and its 200-day moving average is $43.76. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.59. The firm has a market capitalization of $16.25 billion, a price-to-earnings ratio of 96.12 and a beta of 1.04. International Paper has a 52-week low of $31.76 and a 52-week high of $50.68.

International Paper (NYSE:IP) last announced its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.14. The company had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. International Paper’s revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.59 earnings per share. Analysts expect that International Paper will post 1.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

IP has been the topic of a number of recent research reports. Truist Financial boosted their price target on shares of International Paper from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Seaport Res Ptn upgraded International Paper from a “hold” rating to a “strong-buy” rating in a report on Friday, June 28th. Wells Fargo & Company increased their price target on International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Royal Bank of Canada boosted their price objective on International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Finally, Stifel Nicolaus assumed coverage on International Paper in a report on Tuesday, July 9th. They set a “hold” rating and a $48.70 price target on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $50.21.

Insider Transactions at International Paper

In related news, Director Kathryn D. Sullivan sold 600 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $48.68, for a total transaction of $29,208.00. Following the transaction, the director now owns 39,545 shares of the company’s stock, valued at approximately $1,925,050.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Clay R. Ellis sold 9,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total value of $439,470.00. Following the sale, the senior vice president now directly owns 49,832 shares in the company, valued at approximately $2,433,296.56. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Monday, September 30th. The shares were sold at an average price of $48.68, for a total value of $29,208.00. Following the completion of the transaction, the director now owns 39,545 shares of the company’s stock, valued at approximately $1,925,050.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,440 shares of company stock worth $931,502 over the last ninety days. Company insiders own 0.55% of the company’s stock.

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.