Valeo Financial Advisors LLC boosted its stake in shares of International Paper Co (NYSE:IP) by 11.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,909 shares of the basic materials company’s stock after acquiring an additional 978 shares during the quarter. Valeo Financial Advisors LLC’s holdings in International Paper were worth $574,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of IP. Iridian Asset Management LLC CT grew its holdings in International Paper by 20.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company’s stock worth $365,471,000 after acquiring an additional 1,090,030 shares during the last quarter. American Century Companies Inc. grew its holdings in International Paper by 1,741.9% during the 3rd quarter. American Century Companies Inc. now owns 419,932 shares of the basic materials company’s stock worth $23,861,000 after acquiring an additional 397,133 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in International Paper by 132.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 628,188 shares of the basic materials company’s stock worth $35,694,000 after acquiring an additional 358,100 shares during the last quarter. Bluestein R H & Co. bought a new stake in International Paper during the 3rd quarter worth about $20,055,000. Finally, Sound Shore Management Inc. CT grew its holdings in International Paper by 7.8% during the 3rd quarter. Sound Shore Management Inc. CT now owns 3,624,456 shares of the basic materials company’s stock worth $205,942,000 after acquiring an additional 263,372 shares during the last quarter. 80.61% of the stock is currently owned by hedge funds and other institutional investors.
IP has been the topic of a number of research analyst reports. Credit Suisse Group increased their price objective on shares of International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Bank of America raised shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Tuesday, January 2nd. Wells Fargo & Co reissued an “outperform” rating and set a $70.00 price objective (up previously from $65.00) on shares of International Paper in a report on Monday, January 8th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of International Paper in a research note on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $66.00.
International Paper Co (NYSE IP) opened at $59.00 on Tuesday. The stock has a market cap of $24,340.00, a PE ratio of 11.67, a PEG ratio of 1.29 and a beta of 1.50. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.62 and a quick ratio of 1.17. International Paper Co has a one year low of $49.60 and a one year high of $66.94.
International Paper (NYSE:IP) last issued its earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.08. International Paper had a net margin of 9.36% and a return on equity of 29.53%. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same quarter last year, the firm earned $0.67 EPS. The company’s revenue for the quarter was up 14.2% on a year-over-year basis. sell-side analysts expect that International Paper Co will post 4.8 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.22%. The ex-dividend date is Tuesday, February 20th. International Paper’s payout ratio is 37.62%.
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International Paper 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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