Apexium Financial LP Invests $205,000 in International Paper (NYSE:IP)

Apexium Financial LP acquired a new stake in shares of International Paper (NYSE:IP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,811 shares of the basic materials company’s stock, valued at approximately $205,000.

Several other large investors also recently added to or reduced their stakes in IP. Brooklyn Investment Group purchased a new position in shares of International Paper during the third quarter worth approximately $25,000. Ashton Thomas Securities LLC bought a new position in International Paper in the third quarter worth approximately $28,000. Legacy Investment Solutions LLC purchased a new position in International Paper during the 3rd quarter worth $28,000. Versant Capital Management Inc raised its position in International Paper by 313.3% during the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 448 shares in the last quarter. Finally, City State Bank lifted its holdings in shares of International Paper by 107.7% in the 4th quarter. City State Bank now owns 675 shares of the basic materials company’s stock worth $36,000 after buying an additional 350 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on IP. Truist Financial raised their price target on International Paper from $61.00 to $65.00 and gave the company a “buy” rating in a research note on Monday, January 6th. BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price on the stock. in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada upped their price target on shares of International Paper from $56.00 to $64.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, International Paper has a consensus rating of “Moderate Buy” and a consensus target price of $51.99.

International Paper Trading Down 1.4 %

NYSE IP opened at $59.27 on Tuesday. The firm has a market cap of $20.59 billion, a PE ratio of 50.66 and a beta of 1.03. International Paper has a 52 week low of $32.70 and a 52 week high of $60.36. The company has a quick ratio of 1.11, a current ratio of 1.53 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average price of $56.14 and a 200 day moving average price of $51.24.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The firm had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the prior year, the business posted $0.64 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. As a group, sell-side analysts forecast that International Paper will post 1.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $56.19, for a total value of $33,714.00. Following the completion of the transaction, the director now owns 37,745 shares of the company’s stock, valued at approximately $2,120,891.55. This trade represents a 1.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders sold 1,800 shares of company stock valued at $100,848. 0.55% of the stock is currently owned by corporate insiders.

International Paper 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.