Laurel Wealth Advisors Inc. boosted its holdings in shares of Champion International Paper (NYSE:IP) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,883 shares of the basic materials company’s stock after acquiring an additional 2,851 shares during the quarter. Laurel Wealth Advisors Inc.’s holdings in Champion International Paper were worth $514,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC bought a new position in shares of Champion International Paper in the fourth quarter valued at about $561,000. Verition Fund Management LLC raised its holdings in Champion International Paper by 157.2% during the 4th quarter. Verition Fund Management LLC now owns 8,576 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 23,576 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in Champion International Paper by 6.6% during the 4th quarter. Clark Capital Management Group Inc. now owns 246,764 shares of the basic materials company’s stock worth $14,297,000 after purchasing an additional 15,243 shares during the last quarter. LPL Financial LLC raised its holdings in Champion International Paper by 6.7% during the 4th quarter. LPL Financial LLC now owns 129,673 shares of the basic materials company’s stock worth $7,513,000 after purchasing an additional 8,101 shares during the last quarter. Finally, Millennium Management LLC raised its holdings in Champion International Paper by 14.6% during the 4th quarter. Millennium Management LLC now owns 157,074 shares of the basic materials company’s stock worth $9,101,000 after purchasing an additional 20,004 shares during the last quarter. 82.61% of the stock is currently owned by institutional investors.
IP has been the subject of several recent research reports. Zacks Investment Research raised Champion International Paper from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a report on Tuesday, February 6th. DA Davidson upped their price target on Champion International Paper to $74.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised Champion International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their price objective on Champion International Paper from $66.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $70.00 price objective on shares of Champion International Paper in a research report on Thursday, January 25th. Two investment 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’s stock. Champion International Paper has a consensus rating of “Hold” and a consensus target price of $64.46.
IP traded down $1.26 during trading hours on Friday, reaching $52.17. The company’s stock had a trading volume of 2,845,636 shares, compared to its average volume of 2,996,919. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.66. The stock has a market cap of $22,063.41, a PE ratio of 14.95, a price-to-earnings-growth 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 quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.08. The firm had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $6.01 billion. Champion International Paper had a return on equity of 29.05% and a net margin of 9.36%. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 EPS. equities analysts forecast that Champion International Paper will post 4.72 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st were issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Tuesday, February 20th. Champion International Paper’s dividend payout ratio (DPR) is currently 54.44%.
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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.
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