KCM Investment Advisors LLC grew its stake in shares of International Paper Co (NYSE:IP) by 26.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,769 shares of the basic materials company’s stock after purchasing an additional 1,401 shares during the period. KCM Investment Advisors LLC’s holdings in International Paper were worth $392,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Calton & Associates Inc. purchased a new stake in shares of International Paper in the 4th quarter worth about $106,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in shares of International Paper in the 4th quarter worth about $112,000. Cerebellum GP LLC purchased a new stake in shares of International Paper in the 4th quarter worth about $121,000. Amica Retiree Medical Trust purchased a new stake in shares of International Paper in the 3rd quarter worth about $128,000. Finally, Icon Wealth Partners LLC purchased a new stake in shares of International Paper in the 4th quarter worth about $134,000. Institutional investors own 82.52% of the company’s stock.
IP stock opened at $50.15 on Friday. International Paper Co has a one year low of $49.60 and a one year high of $66.94. The firm has a market cap of $21,229.27, a PE ratio of 9.76, a P/E/G ratio of 1.15 and a beta of 1.47. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 1.66.
International Paper (NYSE:IP) last announced its earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.08. International Paper had a net margin of 9.36% and a return on equity of 29.05%. The firm had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $6.01 billion. During the same quarter in the previous year, the company posted $0.67 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. equities analysts expect that International Paper Co will post 4.72 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st were paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Tuesday, February 20th. International Paper’s dividend payout ratio is currently 36.97%.
IP has been the topic of several recent research reports. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a research report on Tuesday, January 2nd. Wells Fargo reiterated an “outperform” rating and issued a $70.00 price objective (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 objective on the stock in a research report on Tuesday, February 6th. KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Tuesday, January 2nd. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $62.00 price objective on shares of International Paper in a research report on Friday, November 24th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. International Paper presently has an average rating of “Hold” and an average price target of $65.17.
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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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