Old Mutual Global Investors UK Ltd. reduced its stake in shares of International Paper Co (NYSE:IP) by 16.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,953 shares of the basic materials company’s stock after selling 1,347 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in International Paper were worth $402,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Nwam LLC purchased a new position in shares of International Paper during the fourth quarter worth $232,000. Cypress Capital Management LLC purchased a new position in shares of International Paper during the fourth quarter worth $319,000. Krueger & Catalano Capital Partners LLC purchased a new position in shares of International Paper during the fourth quarter worth $1,081,000. Gradient Investments LLC raised its holdings in shares of International Paper by 5.8% during the fourth quarter. Gradient Investments LLC now owns 142,084 shares of the basic materials company’s stock worth $8,232,000 after purchasing an additional 7,748 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of International Paper by 17.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 69,733 shares of the basic materials company’s stock worth $4,040,000 after purchasing an additional 10,165 shares during the last quarter. Institutional investors and hedge funds own 80.61% of the company’s stock.
Several research analysts recently issued reports on the stock. Wells Fargo & Co reissued an “outperform” rating and set a $70.00 target price (up previously from $65.00) on shares of International Paper in a report on Monday, January 8th. Bank of America raised their target price 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. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays raised their target price on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of International Paper in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. International Paper currently has an average rating of “Buy” and an average target price of $66.00.
International Paper Co (IP) opened at $58.94 on Monday. International Paper Co has a fifty-two week low of $49.60 and a fifty-two week high of $66.94. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.62 and a quick ratio of 1.17. The firm has a market cap of $24,337.99, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.49.
International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.08. International Paper had a net margin of 9.36% and a return on equity of 29.53%. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. equities research analysts expect that International Paper Co will post 4.8 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be given a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 annualized dividend and a dividend yield of 3.22%. International Paper’s dividend payout ratio (DPR) is 36.97%.
International Paper 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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