International Paper Co (IP) Holdings Cut by Stephens Inc. AR

Stephens Inc. AR reduced its position in shares of International Paper Co (NYSE:IP) by 17.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 53,806 shares of the basic materials company’s stock after selling 11,340 shares during the quarter. Stephens Inc. AR’s holdings in International Paper were worth $3,118,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Piedmont Investment Advisors LLC increased its stake in shares of International Paper by 0.5% in the second quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 20 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of International Paper by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 47 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of International Paper by 1.7% in the second quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 106 shares during the last quarter. Krilogy Financial LLC increased its stake in shares of International Paper by 9.3% in the second quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 210 shares during the last quarter. Finally, BTC Capital Management Inc. increased its stake in shares of International Paper by 2.2% in the fourth quarter. BTC Capital Management Inc. now owns 39,656 shares of the basic materials company’s stock worth $2,305,000 after acquiring an additional 841 shares during the last quarter. 81.53% of the stock is currently owned by institutional investors.

International Paper Co (IP) opened at $56.05 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.75. The company has a market cap 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. International Paper Co has a 1 year low of $49.60 and a 1 year high of $66.94.

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

The firm 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. This represents a $1.90 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s payout ratio is 37.62%.

A number of equities analysts have recently weighed in on the stock. Bank of America upped their price target on shares of International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of International Paper in a research note on Monday, October 23rd. ValuEngine raised shares of International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of International Paper from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a research note on Tuesday. Finally, Barclays upped their price target on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $65.75.

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International Paper Company 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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