International Paper (NYSE:IP) Holdings Decreased by TCM Advisors LLC

TCM Advisors LLC cut its position in shares of International Paper (NYSE:IP) by 18.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,500 shares of the basic materials company’s stock after selling 4,700 shares during the quarter. International Paper accounts for about 0.1% of TCM Advisors LLC’s investment portfolio, making the stock its 25th largest holding. TCM Advisors LLC’s holdings in International Paper were worth $1,103,000 at the end of the most recent quarter.

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

International Paper Trading Up 1.4 %

International Paper stock opened at $46.86 on Friday. The firm has a market cap of $24.74 billion, a price-to-earnings ratio of 29.85, 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. The firm’s 50 day moving average price is $52.76 and its two-hundred day moving average price is $53.68. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS 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%. On average, research analysts predict that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.95%. International Paper’s dividend payout ratio is currently 117.83%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on IP shares. StockNews.com downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday, March 28th. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price objective on shares of International Paper in a report on Wednesday, March 26th. JPMorgan Chase & Co. began coverage on International Paper in a research note on Thursday, March 20th. They set an “overweight” rating and a $59.00 target price on the stock. Citigroup started coverage on International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price target for the company. Finally, Wells Fargo & Company cut their price objective on shares of International Paper from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. One investment 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.