Dubuque Bank & Trust Co. Grows Position in International Paper Co (IP)

Dubuque Bank & Trust Co. increased its position in International Paper Co (NYSE:IP) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 75,470 shares of the basic materials company’s stock after acquiring an additional 4,389 shares during the quarter. Dubuque Bank & Trust Co.’s holdings in International Paper were worth $4,372,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Iridian Asset Management LLC CT grew its holdings 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 worth $365,471,000 after acquiring an additional 1,090,030 shares during the period. Sound Shore Management Inc. CT lifted its stake in 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. Nordea Investment Management AB lifted its stake in International Paper by 11.5% in 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 buying an additional 251,751 shares in the last quarter. Legal & General Group Plc lifted its stake in International Paper by 0.4% in 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 buying an additional 8,216 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in International Paper by 5.5% in 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 buying an additional 118,139 shares in the last quarter. Institutional investors and hedge funds own 81.53% of the company’s stock.

A number of equities research analysts recently issued reports on the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $70.00 target price on shares of International Paper in a research note on Thursday, January 25th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $70.00 target price (up previously from $65.00) on shares of International Paper in a research note on Monday, January 8th. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. DA Davidson upped their target price on International Paper to $74.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America upped 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.75.

International Paper Co (IP) opened at $56.05 on Friday. International Paper Co has a 52 week low of $49.60 and a 52 week high of $66.94. The firm has a market capitalization of $23,140.00, a price-to-earnings ratio of 11.10, a price-to-earnings-growth ratio of 1.30 and a beta of 1.50. 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 (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $6.01 billion. During the same quarter in the prior year, the company posted $0.67 EPS. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. sell-side analysts expect that International Paper Co will post 4.8 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s dividend payout ratio is presently 37.62%.

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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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