Capital Innovations LLC Purchases 4,200 Shares of International Paper Company (IP)

Capital Innovations LLC boosted its position in International Paper Company (NYSE:IP) by 94.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,626 shares of the basic materials company’s stock after acquiring an additional 4,200 shares during the period. International Paper accounts for 1.9% of Capital Innovations LLC’s portfolio, making the stock its 20th largest position. Capital Innovations LLC’s holdings in International Paper were worth $488,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vantage Financial Partners Ltd. Inc. bought a new position in International Paper in the second quarter valued at about $424,000. IHT Wealth Management LLC boosted its holdings in International Paper by 26.8% in the second quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock valued at $650,000 after acquiring an additional 277 shares during the last quarter. FNY Partners Fund LP boosted its holdings in International Paper by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 1,250 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in International Paper by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after acquiring an additional 47 shares during the last quarter. Finally, Ffcm LLC boosted its holdings in International Paper by 148.0% in the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 1,242 shares during the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

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In other news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.63% of the stock is owned by insiders.

International Paper Company (NYSE IP) traded up 0.966% during midday trading on Tuesday, hitting $57.581. The stock had a trading volume of 375,325 shares. International Paper Company has a 52 week low of $43.55 and a 52 week high of $58.95. The stock has a market capitalization of $23.78 billion, a price-to-earnings ratio of 29.244 and a beta of 1.46. The company’s 50 day moving average price is $55.75 and its 200-day moving average price is $54.42.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. Equities analysts anticipate that International Paper Company will post $3.45 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on IP shares. Zacks Investment Research upgraded International Paper from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a report on Tuesday, July 11th. Vertical Research reissued a “buy” rating on shares of International Paper in a research note on Friday, July 28th. KeyCorp reissued a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of International Paper in a research note on Friday, August 18th. Finally, Goldman Sachs Group, Inc. (The) raised International Paper from a “neutral” rating to a “buy” rating and increased their target price for the company from $60.00 to $64.00 in a research note on Thursday, July 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.27.

International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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

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