Horan Capital Advisors LLC. Sells 2,932 Shares of International Paper Co (IP)

Horan Capital Advisors LLC. decreased its stake in International Paper Co (NYSE:IP) by 6.8% during the 4th quarter, Holdings Channel reports. The firm owned 40,108 shares of the basic materials company’s stock after selling 2,932 shares during the period. Horan Capital Advisors LLC.’s holdings in International Paper were worth $2,324,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Iridian Asset Management LLC CT raised its stake in International Paper by 20.4% during 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 acquiring an additional 1,090,030 shares in the last quarter. Sound Shore Management Inc. CT raised its stake in International Paper by 7.8% during 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 acquiring an additional 263,372 shares in the last quarter. Nordea Investment Management AB raised its stake in International Paper by 11.5% during the 3rd quarter. Nordea Investment Management AB now owns 2,442,847 shares of the basic materials company’s stock valued at $138,803,000 after acquiring an additional 251,751 shares in the last quarter. Legal & General Group Plc raised its stake in International Paper by 0.4% during the 3rd quarter. Legal & General Group Plc now owns 2,254,181 shares of the basic materials company’s stock valued at $128,083,000 after acquiring an additional 8,216 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in International Paper by 5.5% during 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 acquiring an additional 118,139 shares in the last quarter. 81.53% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have weighed in on IP. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Tuesday. DA Davidson lifted their target price 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 lifted their target price 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, BMO Capital Markets reaffirmed a “buy” rating and set a $70.00 target price on shares of International Paper in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. International Paper presently has a consensus rating of “Buy” and an average price target of $65.75.

International Paper Co (IP) opened at $59.25 on Thursday. International Paper Co has a 1 year low of $49.60 and a 1 year high of $66.94. The stock has a market capitalization of $24,598.13, a price-to-earnings ratio of 11.53, a PEG ratio of 1.31 and a beta of 1.49. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.62.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The company had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $6.01 billion. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts predict that International Paper Co will post 4.8 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s dividend payout ratio (DPR) is presently 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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