International Paper (NYSE:IP) Holdings Reduced by LPL Financial LLC

LPL Financial LLC lowered its position in International Paper (NYSE:IP) by 6.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 701,383 shares of the basic materials company’s stock after selling 49,906 shares during the quarter. LPL Financial LLC owned about 0.20% of International Paper worth $37,748,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in International Paper by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 8,368,401 shares of the basic materials company’s stock valued at $407,463,000 after buying an additional 99,720 shares during the period. Point72 Asset Management L.P. increased its stake in shares of International Paper by 511.1% during the third quarter. Point72 Asset Management L.P. now owns 2,970,432 shares of the basic materials company’s stock valued at $145,106,000 after acquiring an additional 2,484,386 shares during the period. Artemis Investment Management LLP raised its holdings in International Paper by 147.2% during the fourth quarter. Artemis Investment Management LLP now owns 2,019,806 shares of the basic materials company’s stock worth $108,706,000 after purchasing an additional 1,202,632 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in International Paper by 2.2% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,999,719 shares of the basic materials company’s stock worth $97,686,000 after purchasing an additional 42,151 shares during the period. Finally, Hill City Capital LP boosted its stake in International Paper by 287.5% during the 3rd quarter. Hill City Capital LP now owns 1,550,000 shares of the basic materials company’s stock valued at $75,718,000 after purchasing an additional 1,150,000 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Down 2.5 %

NYSE IP opened at $53.23 on Friday. The firm’s 50 day moving average price is $54.86 and its two-hundred day moving average price is $53.67. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36. The stock has a market cap of $28.01 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 0.39 and a beta of 1.02.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. Equities analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio is currently 117.83%.

Analysts Set New Price Targets

IP has been the subject of several research analyst reports. Bank of America began coverage on International Paper in a report on Thursday, February 13th. They issued a “neutral” rating for the company. JPMorgan Chase & Co. started coverage on shares of International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price objective for the company. StockNews.com downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Friday. Citigroup started coverage on shares of International Paper in a report on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $64.00 price target on shares of International Paper in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, International Paper currently has an average rating of “Moderate Buy” and a consensus target price of $55.32.

International Paper Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.