Quantinno Capital Management LP Purchases 13,406 Shares of International Paper (NYSE:IP)

Quantinno Capital Management LP boosted its holdings in shares of International Paper (NYSE:IP) by 19.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 82,892 shares of the basic materials company’s stock after acquiring an additional 13,406 shares during the quarter. Quantinno Capital Management LP’s holdings in International Paper were worth $4,461,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IP. Sierra Ocean LLC bought a new position in shares of International Paper during the 4th quarter valued at $26,000. Centricity Wealth Management LLC acquired a new position in International Paper during the fourth quarter worth $26,000. Picton Mahoney Asset Management raised its holdings in International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock valued at $29,000 after buying an additional 215 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock worth $33,000 after buying an additional 295 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in shares of International Paper during the 4th quarter worth about $37,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other International Paper news, CAO Holly G. Goughnour sold 7,500 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $44.85, for a total transaction of $336,375.00. Following the completion of the transaction, the chief accounting officer now owns 31,525 shares in the company, valued at $1,413,896.25. This trade represents a 19.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.35% of the company’s stock.

International Paper Stock Up 1.1%

Shares of IP opened at $50.14 on Monday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The company has a 50-day simple moving average of $48.72 and a 200-day simple moving average of $53.42. International Paper has a 52 week low of $40.39 and a 52 week high of $60.36. The firm has a market capitalization of $26.47 billion, a P/E ratio of 31.94, a P/E/G ratio of 0.39 and a beta of 1.03.

International Paper (NYSE:IP) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts expect that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a $0.4625 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.85 annualized dividend and a yield of 3.69%. International Paper’s dividend payout ratio (DPR) is currently 158.12%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on IP shares. Wells Fargo & Company reissued an “underweight” rating and issued a $40.00 price objective (down from $45.00) on shares of International Paper in a research note on Friday, May 9th. StockNews.com lowered shares of International Paper from a “hold” rating to a “sell” rating in a research report on Monday, May 5th. Citigroup initiated coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a research note on Wednesday, March 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 target price for the company. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, International Paper presently has an average rating of “Hold” and an average target price of $54.21.

International Paper Company 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.