Altrius Capital Management Inc Reduces Position in International Paper (NYSE:IP)

Altrius Capital Management Inc lessened its stake in shares of International Paper (NYSE:IP) by 0.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,536 shares of the basic materials company’s stock after selling 459 shares during the quarter. Altrius Capital Management Inc’s holdings in International Paper were worth $3,671,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IP. Mizuho Markets Americas LLC purchased a new stake in shares of International Paper during the third quarter valued at approximately $144,509,000. Acadian Asset Management LLC lifted its stake in International Paper by 208.0% in the third quarter. Acadian Asset Management LLC now owns 1,610,933 shares of the basic materials company’s stock worth $57,129,000 after acquiring an additional 1,087,933 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in International Paper by 13.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 8,811,752 shares of the basic materials company’s stock worth $312,553,000 after acquiring an additional 1,011,315 shares during the period. AQR Capital Management LLC lifted its stake in International Paper by 35.6% in the third quarter. AQR Capital Management LLC now owns 2,961,232 shares of the basic materials company’s stock worth $105,035,000 after acquiring an additional 777,273 shares during the period. Finally, Atlas FRM LLC lifted its stake in International Paper by 30.0% in the third quarter. Atlas FRM LLC now owns 2,600,000 shares of the basic materials company’s stock worth $92,222,000 after acquiring an additional 600,000 shares during the period. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insider Buying and Selling

In related news, SVP James P. Jr. Royalty sold 5,800 shares of International Paper stock in a transaction dated 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 in the company, valued at approximately $2,414,708. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders sold 8,800 shares of company stock worth $310,438. 0.55% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of research analyst reports. Argus lowered International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a research report on Sunday, January 14th. Citigroup raised International Paper from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $46.00 in a research report on Wednesday, March 20th. Royal Bank of Canada reissued an “outperform” rating and set a $43.00 price objective on shares of International Paper in a research report on Friday, February 2nd. Finally, Wells Fargo & Company lowered their price objective on International Paper from $39.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, February 2nd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, International Paper has a consensus rating of “Hold” and a consensus target price of $37.13.

International Paper Stock Up 4.4 %

Shares of NYSE:IP traded up $1.49 on Monday, hitting $35.32. 8,497,650 shares of the company traded hands, compared to its average volume of 5,039,500. International Paper has a 52 week low of $29.00 and a 52 week high of $41.28. The company has a quick ratio of 1.22, a current ratio of 1.68 and a debt-to-equity ratio of 0.66. The stock has a 50 day simple moving average of $36.64 and a 200-day simple moving average of $35.81. The company has a market cap of $12.27 billion, a PE ratio of 69.04 and a beta of 0.99.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, April 25th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.06). International Paper had a net margin of 0.93% and a return on equity of 7.45%. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.56 billion. During the same quarter in the previous year, the business earned $0.53 earnings per share. International Paper’s revenue was down 8.0% compared to the same quarter last year. As a group, research analysts expect that International Paper will post 1.9 earnings per share for the current year.

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.