International Paper Co (IP) Shares Sold by Northern Oak Wealth Management Inc.

Northern Oak Wealth Management Inc. lowered its stake in International Paper Co (NYSE:IP) by 95.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,933 shares of the basic materials company’s stock after selling 117,360 shares during the period. Northern Oak Wealth Management Inc.’s holdings in International Paper were worth $274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. 10 15 Associates Inc. raised its holdings in shares of International Paper by 1.7% in the fourth quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock worth $536,000 after buying an additional 220 shares during the last quarter. Foster & Motley Inc. raised its holdings in shares of International Paper by 1.0% in the fourth quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock worth $1,007,000 after buying an additional 248 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of International Paper by 1.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock worth $560,000 after buying an additional 248 shares during the last quarter. Fluent Financial LLC raised its holdings in shares of International Paper by 0.8% in the first quarter. Fluent Financial LLC now owns 35,015 shares of the basic materials company’s stock worth $1,620,000 after buying an additional 273 shares during the last quarter. Finally, Investors Research Corp raised its holdings in shares of International Paper by 1.4% in the fourth quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after buying an additional 300 shares during the last quarter. 81.35% of the stock is owned by institutional investors and hedge funds.

IP has been the subject of a number of research analyst reports. Wells Fargo & Co cut shares of International Paper from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 9th. Barclays decreased their price target on shares of International Paper from $40.00 to $39.00 and set an “underweight” rating for the company in a report on Monday, April 1st. Stephens raised shares of International Paper from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $50.00 to $60.00 in a report on Wednesday, January 23rd. Bank of America cut shares of International Paper from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Finally, Citigroup reissued a “buy” rating and set a $53.00 target price on shares of International Paper in a report on Friday, February 1st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. International Paper presently has an average rating of “Hold” and an average price target of $53.00.

Shares of International Paper stock opened at $44.29 on Thursday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.49 and a quick ratio of 1.01. International Paper Co has a 1 year low of $37.55 and a 1 year high of $59.57. The firm has a market cap of $17.94 billion, a P/E ratio of 8.33, a price-to-earnings-growth ratio of 1.75 and a beta of 1.57.

International Paper (NYSE:IP) last issued its earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.90 by $0.21. International Paper had a net margin of 8.63% and a return on equity of 30.83%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.73 billion. During the same quarter last year, the company posted $0.94 earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts anticipate that International Paper Co will post 5.11 earnings per share for the current fiscal year.

In related news, insider John V. Sims sold 12,667 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $45.96, for a total transaction of $582,175.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gregory T. Wanta sold 9,000 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.72, for a total transaction of $429,480.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 85,760 shares of company stock valued at $4,016,587. 0.33% of the stock is currently owned by corporate insiders.

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International Paper Company Profile

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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