10 15 Associates Inc. raised its position in International Paper Co (NYSE:IP) by 23.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,370 shares of the basic materials company’s stock after purchasing an additional 1,955 shares during the period. 10 15 Associates Inc.’s holdings in International Paper were worth $554,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in IP. Schwab Charles Investment Management Inc. lifted its holdings in International Paper by 5.5% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,247,000 shares of the basic materials company’s stock valued at $130,192,000 after purchasing an additional 118,139 shares in the last quarter. Cerebellum GP LLC purchased a new position in International Paper in the 4th quarter valued at about $121,000. IFP Advisors Inc lifted its holdings in International Paper by 8.0% in the 4th quarter. IFP Advisors Inc now owns 18,455 shares of the basic materials company’s stock valued at $1,069,000 after purchasing an additional 1,364 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in International Paper in the 4th quarter valued at about $2,691,000. Finally, Tarbox Family Office Inc. lifted its holdings in International Paper by 7.6% in the 4th quarter. Tarbox Family Office Inc. now owns 12,976 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 911 shares in the last quarter. Institutional investors own 81.74% of the company’s stock.
NYSE IP opened at $54.13 on Monday. International Paper Co has a one year low of $50.00 and a one year high of $66.94. The company has a debt-to-equity ratio of 1.48, a quick ratio of 1.17 and a current ratio of 1.63. The company has a market capitalization of $22.41 billion, a P/E ratio of 15.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.52.
International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, April 26th. The basic materials company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.05. International Paper had a net margin of 11.57% and a return on equity of 28.21%. The firm had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same quarter last year, the firm posted $0.60 earnings per share. International Paper’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts predict that International Paper Co will post 4.93 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, May 25th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $1.90 annualized dividend and a yield of 3.51%. International Paper’s payout ratio is 54.44%.
Several brokerages have recently weighed in on IP. Bank of America increased their price objective on shares of International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Monday, April 9th. Barclays increased their price objective on shares of International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a report on Monday, February 12th. UBS began coverage on shares of International Paper in a report on Thursday, March 29th. They set a “buy” rating and a $63.00 price objective on the stock. Finally, Wells Fargo & Co cut their price objective on shares of International Paper from $60.00 to $53.00 and set a “market perform” rating on the stock in a report on Tuesday, March 27th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $62.85.
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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