International Paper (NYSE:IP) Shares Sold by Guyasuta Investment Advisors Inc.

Guyasuta Investment Advisors Inc. decreased its position in shares of International Paper (NYSE:IP) by 9.4% during the 4th quarter, HoldingsChannel reports. The fund owned 6,767 shares of the basic materials company’s stock after selling 700 shares during the quarter. Guyasuta Investment Advisors Inc.’s holdings in International Paper were worth $245,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manchester Capital Management LLC acquired a new position in shares of International Paper during the 3rd quarter valued at about $25,000. CVA Family Office LLC acquired a new position in International Paper in the fourth quarter valued at about $27,000. Venturi Wealth Management LLC lifted its position in International Paper by 2,281.8% in the third quarter. Venturi Wealth Management LLC now owns 786 shares of the basic materials company’s stock valued at $28,000 after buying an additional 753 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in International Paper in the fourth quarter valued at about $36,000. Finally, First Command Advisory Services Inc. acquired a new position in International Paper in the third quarter valued at about $39,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Wall Street Analyst Weigh In

IP has been the topic of a number of recent analyst reports. Citigroup raised shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $43.00 target price on shares of International Paper in a research report on Friday, February 2nd. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Truist Financial reaffirmed a “buy” rating and issued a $40.00 target price on shares of International Paper in a research report on Wednesday, April 17th. Finally, Bank of America upgraded shares of International Paper from an “underperform” rating to a “buy” rating and boosted their price target for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, International Paper has a consensus rating of “Hold” and an average price target of $37.13.

Insider Buying and Selling at International Paper

In other news, SVP James P. Jr. Royalty sold 5,800 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the completion of the sale, the senior vice president now directly owns 69,488 shares of the company’s stock, valued at $2,414,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 8,800 shares of company stock worth $310,438 over the last three months. Insiders own 0.55% of the company’s stock.

International Paper Stock Up 4.5 %

Shares of NYSE:IP opened at $35.34 on Tuesday. The firm’s 50-day moving average is $36.63 and its two-hundred day moving average is $35.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.68 and a quick ratio of 1.22. International Paper has a 1 year low of $29.00 and a 1 year high of $41.28. The firm has a market capitalization of $12.27 billion, a PE ratio of 72.12 and a beta of 0.99.

International Paper (NYSE:IP) last released its earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.06). The firm had revenue of $4.62 billion for the quarter, compared to analysts’ expectations of $4.56 billion. International Paper had a return on equity of 7.45% and a net margin of 0.93%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. Analysts predict that International Paper will post 1.9 EPS for the current year.

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.