Mission Wealth Management LP lowered its stake in International Paper Co (NYSE:IP) by 3.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,818 shares of the basic materials company’s stock after selling 1,000 shares during the quarter. Mission Wealth Management LP’s holdings in International Paper were worth $1,496,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of IP. FMR LLC raised its position in International Paper by 9.9% in the second quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock worth $20,356,000 after acquiring an additional 32,461 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in International Paper by 16.7% in the third quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock worth $3,385,000 after acquiring an additional 8,505 shares in the last quarter. Fox Run Management L.L.C. raised its position in International Paper by 22.1% in the third quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock worth $972,000 after acquiring an additional 3,100 shares in the last quarter. Sawyer & Company Inc bought a new stake in International Paper in the fourth quarter worth about $1,493,000. Finally, Parametric Portfolio Associates LLC raised its position in International Paper by 0.8% in the third quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock worth $107,301,000 after acquiring an additional 14,298 shares in the last quarter. 80.61% of the stock is owned by institutional investors and hedge funds.
Several brokerages have commented on IP. Barclays boosted their price target on shares of International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a research report on Monday, February 12th. DA Davidson boosted their price target on shares of International Paper to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. ValuEngine upgraded International Paper from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America boosted their price objective on International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Stephens initiated coverage on International Paper in a report on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $66.00.
Shares of International Paper Co (NYSE IP) opened at $58.94 on Tuesday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.62. The stock has a market capitalization of $24,337.99, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.49. International Paper Co has a twelve month low of $49.60 and a twelve month high of $66.94.
International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.08. The firm had revenue of $5.71 billion for the quarter, compared to the consensus estimate of $6.01 billion. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.67 EPS. equities analysts expect that International Paper Co will post 4.8 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be issued a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.22%. International Paper’s dividend payout ratio is 36.97%.
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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.
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