Burke & Herbert Bank & Trust Co. grew its position in International Paper Co (NYSE:IP) by 8.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,534 shares of the basic materials company’s stock after buying an additional 700 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in International Paper were worth $395,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in IP. Brown Advisory Inc. raised its holdings in shares of International Paper by 94.7% in the 3rd quarter. Brown Advisory Inc. now owns 17,115 shares of the basic materials company’s stock worth $841,000 after acquiring an additional 8,325 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in shares of International Paper by 65.5% in the third quarter. First Republic Investment Management Inc. now owns 24,698 shares of the basic materials company’s stock valued at $1,213,000 after purchasing an additional 9,775 shares during the period. LPL Financial LLC grew its holdings in shares of International Paper by 18.2% in the third quarter. LPL Financial LLC now owns 172,633 shares of the basic materials company’s stock valued at $8,485,000 after purchasing an additional 26,528 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of International Paper by 31.3% in the third quarter. Sunbelt Securities Inc. now owns 36,798 shares of the basic materials company’s stock valued at $1,809,000 after purchasing an additional 8,766 shares in the last quarter. Finally, Afam Capital Inc. grew its holdings in shares of International Paper by 4.8% in the third quarter. Afam Capital Inc. now owns 35,653 shares of the basic materials company’s stock valued at $1,752,000 after purchasing an additional 1,626 shares in the last quarter. Institutional investors own 81.58% of the company’s stock.

In other International Paper news, insider Timothy S. Nicholls sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $46.67, for a total value of $2,100,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP W. Michael Jr. Amick sold 9,093 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $47.65, for a total value of $433,281.45. The disclosure for this sale can be found here. Insiders sold a total of 85,760 shares of company stock worth $4,016,587 over the last ninety days. 0.32% of the stock is currently owned by corporate insiders.

Shares of NYSE:IP traded down $0.23 on Tuesday, hitting $47.13. The company’s stock had a trading volume of 1,846,348 shares, compared to its average volume of 2,880,967. International Paper Co has a 1 year low of $37.55 and a 1 year high of $59.57. The stock has a market cap of $19.01 billion, a P/E ratio of 8.86, a PEG ratio of 0.97 and a beta of 1.57. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 1.36.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.04. The firm had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.86 billion. International Paper had a return on equity of 30.83% and a net margin of 8.63%. On average, equities research analysts expect that International Paper Co will post 5.13 EPS for the current fiscal year.

IP has been the topic of several recent research reports. Barclays cut their price target on International Paper from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Zacks Investment Research downgraded shares of International Paper from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Royal Bank of Canada lowered shares of International Paper from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $54.00 to $47.00 in a research report on Friday. Stephens raised shares of International Paper from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $50.00 to $60.00 in a research note on Wednesday, January 23rd. Finally, Citigroup restated a “buy” rating and set a $53.00 target price on shares of International Paper in a research report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. International Paper has an average rating of “Hold” and an average target price of $52.91.

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International Paper Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including 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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