Koshinski Asset Management Inc. lifted its position in International Paper Company (NYSE:IP) by 61.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,300 shares of the basic materials company’s stock after purchasing an additional 7,348 shares during the quarter. Koshinski Asset Management Inc.’s holdings in International Paper were worth $1,118,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of International Paper by 0.6% in the second quarter. Vanguard Group Inc. now owns 29,065,508 shares of the basic materials company’s stock worth $1,645,398,000 after purchasing an additional 184,066 shares during the period. Iridian Asset Management LLC CT increased its stake in International Paper by 20.4% in the third quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock valued at $365,471,000 after acquiring an additional 1,090,030 shares during the last quarter. Sound Shore Management Inc. CT increased its stake in International Paper by 7.8% in the third quarter. Sound Shore Management Inc. CT now owns 3,624,456 shares of the basic materials company’s stock valued at $205,942,000 after acquiring an additional 263,372 shares during the last quarter. Nordea Investment Management AB increased its stake in International Paper by 11.5% in the third quarter. Nordea Investment Management AB now owns 2,442,847 shares of the basic materials company’s stock valued at $138,803,000 after acquiring an additional 251,751 shares during the last quarter. Finally, Legal & General Group Plc increased its stake in International Paper by 0.4% in the third quarter. Legal & General Group Plc now owns 2,254,181 shares of the basic materials company’s stock valued at $128,083,000 after acquiring an additional 8,216 shares during the last quarter. 81.88% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts recently commented on IP shares. Royal Bank of Canada reissued a “buy” rating and issued a $65.00 target price on shares of International Paper in a research note on Monday, October 23rd. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, January 2nd. BMO Capital Markets reissued a “buy” rating and issued a $62.00 target price on shares of International Paper in a research note on Friday, November 24th. Stephens started coverage on International Paper in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 target price on the stock. Finally, ValuEngine cut International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $63.25.
International Paper Company (NYSE IP) opened at $61.49 on Thursday. International Paper Company has a 12 month low of $49.60 and a 12 month high of $62.44. The stock has a market capitalization of $25,283.59, a PE ratio of 28.34, a PEG ratio of 1.43 and a beta of 1.46. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.97 and a current ratio of 1.48.
International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same period last year, the firm earned $0.91 earnings per share. The company’s revenue for the quarter was up 12.3% compared to the same quarter last year. sell-side analysts anticipate that International Paper Company will post 3.51 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.09%. International Paper’s dividend payout ratio (DPR) is currently 87.56%.
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International Paper Company Profile
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.
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