Guggenheim Capital LLC raised its holdings in International Paper Co (NYSE:IP) by 6.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,164,029 shares of the basic materials company’s stock after purchasing an additional 71,811 shares during the quarter. Guggenheim Capital LLC owned 0.28% of International Paper worth $67,443,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in IP. Calton & Associates Inc. acquired a new stake in shares of International Paper during the 4th quarter valued at approximately $106,000. Rational Advisors LLC acquired a new stake in shares of International Paper during the 3rd quarter valued at approximately $108,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in shares of International Paper during the 4th quarter valued at approximately $112,000. Cerebellum GP LLC acquired a new stake in shares of International Paper during the 4th quarter valued at approximately $121,000. Finally, Amica Retiree Medical Trust acquired a new stake in shares of International Paper during the 3rd quarter valued at approximately $128,000. 82.52% of the stock is currently owned by institutional investors.
International Paper Co (NYSE:IP) opened at $54.98 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.17 and a current ratio of 1.62. International Paper Co has a 12-month low of $49.60 and a 12-month high of $66.94. The stock has a market capitalization of $22,810.84, a P/E ratio of 15.34, a P/E/G ratio of 1.21 and a beta of 1.47.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.05% and a net margin of 9.36%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the previous year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 14.2% compared to the same quarter last year. analysts predict that International Paper Co will post 4.82 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 annualized dividend and a dividend yield of 3.46%. International Paper’s dividend payout ratio is currently 36.97%.
A number of equities research analysts have recently issued reports on IP shares. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, January 2nd. Wells Fargo & Co reiterated an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of International Paper in a research report on Monday, January 8th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research report on Tuesday, February 6th. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $65.17.
About International Paper
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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