Champion International Paper (IP) Holdings Boosted by Thrivent Financial For Lutherans

Thrivent Financial For Lutherans grew its position in shares of Champion International Paper (NYSE:IP) by 401.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 140,041 shares of the basic materials company’s stock after buying an additional 112,097 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Champion International Paper were worth $8,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. American Century Companies Inc. lifted its position in shares of Champion International Paper by 1,741.9% during the third quarter. American Century Companies Inc. now owns 419,932 shares of the basic materials company’s stock worth $23,861,000 after purchasing an additional 397,133 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Champion International Paper by 5.9% during the third quarter. New York State Common Retirement Fund now owns 1,131,906 shares of the basic materials company’s stock worth $64,315,000 after purchasing an additional 63,146 shares in the last quarter. Toronto Dominion Bank lifted its holdings in Champion International Paper by 10.9% in the third quarter. Toronto Dominion Bank now owns 158,462 shares of the basic materials company’s stock valued at $9,002,000 after buying an additional 15,620 shares during the period. Advisor Group Inc. lifted its holdings in Champion International Paper by 4.6% in the third quarter. Advisor Group Inc. now owns 41,249 shares of the basic materials company’s stock valued at $2,343,000 after buying an additional 1,802 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Champion International Paper by 0.6% in the third quarter. Teacher Retirement System of Texas now owns 218,146 shares of the basic materials company’s stock valued at $12,395,000 after buying an additional 1,262 shares during the period. 82.61% of the stock is currently owned by hedge funds and other institutional investors.

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NYSE IP opened at $52.17 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 1.66. The stock has a market cap of $21,956.05, a PE ratio of 14.95, a P/E/G ratio of 1.19 and a beta of 1.51. Champion International Paper has a 52-week low of $49.60 and a 52-week high of $66.94.

Champion International Paper (NYSE:IP) last posted its earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. Champion International Paper had a net margin of 9.36% and a return on equity of 29.05%. Champion International Paper’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS. equities research analysts expect that Champion International Paper will post 4.72 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st were paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Tuesday, February 20th. Champion International Paper’s dividend payout ratio (DPR) is 54.44%.

Several equities analysts recently weighed in on IP shares. BMO Capital Markets restated a “buy” rating and issued a $70.00 price objective on shares of Champion International Paper in a report on Thursday, January 25th. Bank of America raised shares of Champion International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Tuesday, January 2nd. DA Davidson upped their target price on shares of Champion International Paper to $74.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. KeyCorp reaffirmed a “hold” rating on shares of Champion International Paper in a research note on Tuesday, January 2nd. Finally, Stephens set a $66.00 price objective on shares of Champion International Paper and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $64.46.

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Champion International Paper Company 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.

Institutional Ownership by Quarter for Champion International Paper (NYSE:IP)

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