Mission Wealth Management LP Reduces Stake in International Paper Co (IP)

Mission Wealth Management LP decreased its holdings in International Paper Co (NYSE:IP) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 25,818 shares of the basic materials company’s stock after selling 1,000 shares during the period. Mission Wealth Management LP’s holdings in International Paper were worth $1,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Iridian Asset Management LLC CT grew its stake in shares of International Paper by 20.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock valued at $365,471,000 after buying an additional 1,090,030 shares in the last quarter. American Century Companies Inc. grew its stake in shares of International Paper by 1,741.9% in the 3rd quarter. American Century Companies Inc. now owns 419,932 shares of the basic materials company’s stock valued at $23,861,000 after buying an additional 397,133 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of International Paper by 132.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 628,188 shares of the basic materials company’s stock valued at $35,694,000 after buying an additional 358,100 shares in the last quarter. Bluestein R H & Co. bought a new stake in shares of International Paper in the 3rd quarter valued at approximately $20,055,000. Finally, Sound Shore Management Inc. CT grew its stake in shares of International Paper by 7.8% in the 3rd quarter. Sound Shore Management Inc. CT now owns 3,624,456 shares of the basic materials company’s stock valued at $205,942,000 after buying an additional 263,372 shares in the last quarter. Institutional investors own 80.61% of the company’s stock.

Several equities research analysts recently commented on the company. Barclays boosted their price target on International Paper from $52.00 to $55.00 and gave the company an “underweight” rating in a research note on Monday, February 12th. DA Davidson boosted their price target on International Paper to $74.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America boosted their price target on International Paper from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Stephens assumed coverage on International Paper in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price target for the company. One equities research 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’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.00.

Shares of International Paper Co (IP) opened at $58.94 on Tuesday. The stock has a market capitalization of $24,337.99, a P/E ratio of 11.47, a price-to-earnings-growth ratio of 1.29 and a beta of 1.49. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. International Paper Co has a 12-month low of $49.60 and a 12-month high of $66.94.

International Paper (NYSE:IP) last announced 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 firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The company’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.67 earnings per share. equities analysts forecast 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. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.22%. International Paper’s payout ratio is currently 36.97%.

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

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