Marietta Wealth Management LLC Decreases Holdings in International Paper Co (IP)

Marietta Wealth Management LLC trimmed its position in International Paper Co (NYSE:IP) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,619 shares of the basic materials company’s stock after selling 1,359 shares during the quarter. Marietta Wealth Management LLC’s holdings in International Paper were worth $267,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Foster & Motley Inc. grew its holdings in shares of International Paper by 1.0% during the 4th quarter. Foster & Motley Inc. now owns 24,959 shares of the basic materials company’s stock worth $1,007,000 after purchasing an additional 248 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of International Paper by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 13,879 shares of the basic materials company’s stock worth $560,000 after purchasing an additional 248 shares in the last quarter. Investors Research Corp grew its holdings in shares of International Paper by 1.4% during the 4th quarter. Investors Research Corp now owns 21,307 shares of the basic materials company’s stock worth $860,000 after purchasing an additional 300 shares in the last quarter. CWM LLC grew its holdings in shares of International Paper by 81.2% during the 4th quarter. CWM LLC now owns 743 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 333 shares in the last quarter. Finally, Plimoth Trust Co. LLC grew its holdings in shares of International Paper by 1.9% during the 4th quarter. Plimoth Trust Co. LLC now owns 19,255 shares of the basic materials company’s stock worth $777,000 after purchasing an additional 362 shares in the last quarter. 81.56% of the stock is currently owned by hedge funds and other institutional investors.

IP has been the topic of several analyst reports. Zacks Investment Research lowered International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, December 12th. Stephens raised International Paper from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $50.00 to $60.00 in a report on Wednesday, January 23rd. Royal Bank of Canada reissued a “buy” rating and set a $55.00 target price on shares of International Paper in a report on Tuesday, October 23rd. Wells Fargo & Co lowered International Paper from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 9th. Finally, Deutsche Bank reduced their target price on International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, January 17th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $54.58.

NYSE:IP opened at $45.89 on Monday. The stock has a market capitalization of $18.67 billion, a P/E ratio of 8.63, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 1.34. International Paper Co has a twelve month low of $37.55 and a twelve month high of $61.30.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.04. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.86 billion. International Paper had a return on equity of 30.72% and a net margin of 8.63%. Equities analysts predict that International Paper Co will post 5.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 21st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend is Wednesday, February 20th. International Paper’s dividend payout ratio (DPR) is presently 37.59%.

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International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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