The International Paper Co (IP) Shares Bought by Checchi Capital Advisers LLC

The International Paper Co (IP) Shares Bought by Checchi Capital Advisers LLC

Other hedge funds also recently made changes to their positions in the company. Cantab Capital Partners LLP increased its stake in International Paper by 1,015.7% in the fourth quarter. Cantab Capital Partners LLP now owns 2,633 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,397 shares during the period. Parallel Advisors LLC purchased a new position in International Paper during the fourth quarter worth approximately $145,000. Hefty Wealth Partners boosted its position in International Paper by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock worth $160,000 after buying an additional 3,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in International Paper during the first quarter worth approximately $172,000. Finally, Blenheim Capital Management BV purchased a new position in International Paper during the fourth quarter worth approximately $191,000. Institutional investors own 82.62% of the company’s stock.

Checchi Capital Advisers LLC increased its position in shares of International Paper Co (NYSE:IP) by 0.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,670 shares of the basic materials company’s stock after buying an additional 37 shares during the period. Checchi Capital Advisers LLC’s holdings in International Paper were worth $237,000 as of its most recent filing with the SEC.

International Paper Co (IP) opened at 54.39 on Monday. International Paper Co has a 52 week low of $39.24 and a 52 week high of $58.86. The firm’s 50-day moving average is $52.79 and its 200-day moving average is $52.38. The firm has a market cap of $22.46 billion, a price-to-earnings ratio of 29.07 and a beta of 1.58.

International Paper (NYSE:IP) last issued its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. International Paper had a return on equity of 32.96% and a net margin of 4.29%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that International Paper Co will post $3.63 earnings per share for the current year. The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, May 26th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, May 24th. International Paper’s dividend payout ratio is presently 84.47%.

International Paper (NYSE:IP) last issued its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. International Paper had a return on equity of 32.96% and a net margin of 4.29%. The firm had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same period last year, the company earned $0.80 earnings per share. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that International Paper Co will post $3.63 earnings per share for the current year. IP has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, February 6th. Jefferies Group LLC reissued a “buy” rating and issued a $63.00 price objective on shares of International Paper in a research report on Wednesday, April 12th. Citigroup Inc reissued a “neutral” rating on shares of International Paper in a research report on Saturday, April 22nd. Deutsche Bank AG boosted their price objective on shares of International Paper from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Finally, Barclays PLC upped their price target on shares of International Paper from $45.00 to $48.00 and gave the stock an “underweight” rating in a research report on Monday, May 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $55.44.

In other International Paper news, insider John V. Sims sold 2,333 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $52.11, for a total value of $121,572.63. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider W. Michael Jr. Amick sold 10,351 shares of the stock in a transaction on Thursday, March 16th. The stock was sold at an average price of $51.46, for a total value of $532,662.46. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders. About International Paper

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “IP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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