MML Investors Services LLC Purchases 3,195 Shares of International Paper (NYSE:IP)

MML Investors Services LLC increased its holdings in shares of International Paper (NYSE:IP) by 6.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 51,944 shares of the basic materials company’s stock after purchasing an additional 3,195 shares during the period. MML Investors Services LLC’s holdings in International Paper were worth $2,796,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC boosted its stake in shares of International Paper by 1.8% during the 4th quarter. MetLife Investment Management LLC now owns 91,930 shares of the basic materials company’s stock worth $4,948,000 after acquiring an additional 1,626 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in International Paper by 18.7% during the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,897 shares of the basic materials company’s stock worth $856,000 after purchasing an additional 2,506 shares during the period. Capital Research Global Investors increased its holdings in shares of International Paper by 68.8% in the fourth quarter. Capital Research Global Investors now owns 29,904,546 shares of the basic materials company’s stock valued at $1,609,462,000 after purchasing an additional 12,191,361 shares during the last quarter. Capital World Investors raised its position in shares of International Paper by 24.8% in the fourth quarter. Capital World Investors now owns 2,507,971 shares of the basic materials company’s stock valued at $134,979,000 after purchasing an additional 498,058 shares during the period. Finally, Curi RMB Capital LLC lifted its stake in shares of International Paper by 60.1% during the 4th quarter. Curi RMB Capital LLC now owns 159,578 shares of the basic materials company’s stock worth $8,588,000 after buying an additional 59,879 shares during the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on IP shares. Wells Fargo & Company lowered their price target on shares of International Paper from $52.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. began coverage on International Paper in a report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target for the company. StockNews.com lowered International Paper from a “buy” rating to a “hold” rating in a report on Friday, March 28th. Bank of America initiated coverage on International Paper in a report on Thursday, February 13th. They set a “neutral” rating for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, International Paper presently has an average rating of “Moderate Buy” and an average price target of $54.77.

International Paper Stock Down 0.4 %

NYSE IP opened at $47.42 on Monday. The business has a fifty day moving average price of $50.97 and a two-hundred day moving average price of $53.62. The stock has a market capitalization of $25.03 billion, a PE ratio of 30.20, a PEG ratio of 0.39 and a beta of 0.99. International Paper has a fifty-two week low of $33.28 and a fifty-two week high of $60.36. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates 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 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.90%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio (DPR) is currently 117.83%.

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.