SageView Advisory Group LLC Has $727,000 Stock Holdings in International Paper (NYSE:IP)

SageView Advisory Group LLC grew its position in International Paper (NYSE:IP) by 21.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,502 shares of the basic materials company’s stock after acquiring an additional 2,404 shares during the quarter. SageView Advisory Group LLC’s holdings in International Paper were worth $727,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of IP. Sierra Ocean LLC acquired a new position in shares of International Paper during the fourth quarter worth approximately $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper in the 4th quarter worth $26,000. Picton Mahoney Asset Management grew its stake in shares of International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after purchasing an additional 215 shares during the period. Versant Capital Management Inc grew its position in shares of International Paper by 313.3% during the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after buying an additional 448 shares during the period. Finally, Venturi Wealth Management LLC increased its stake in International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 295 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

International Paper Price Performance

Shares of International Paper stock opened at $47.61 on Tuesday. The stock has a 50 day moving average price of $52.63 and a 200-day moving average price of $53.70. International Paper has a one year low of $33.16 and a one year high of $60.36. The stock has a market cap of $25.13 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. 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 (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 expect that International Paper will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.89%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio is 117.83%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a research note on Friday, March 28th. Bank of America began coverage on International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. Citigroup initiated coverage on shares of International Paper in a report on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price objective on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 price target on shares of International Paper in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. initiated coverage on shares of International Paper in a report on Thursday, March 20th. They issued an “overweight” rating and a $59.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $55.32.

About International Paper

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.