Honkamp Krueger Financial Services Inc. decreased its position in shares of International Paper Co (NYSE:IP) by 22.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,527 shares of the basic materials company’s stock after selling 1,033 shares during the period. Honkamp Krueger Financial Services Inc.’s holdings in International Paper were worth $204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC grew its stake in shares of International Paper by 0.5% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after purchasing an additional 20 shares during the period. BTC Capital Management Inc. grew its stake in shares of International Paper by 2.2% during the 4th quarter. BTC Capital Management Inc. now owns 39,656 shares of the basic materials company’s stock worth $2,305,000 after purchasing an additional 841 shares during the period. Lynch & Associates IN grew its stake in shares of International Paper by 2.6% during the 4th quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock worth $2,031,000 after purchasing an additional 877 shares during the period. Xact Kapitalforvaltning AB grew its stake in shares of International Paper by 1.3% during the 3rd quarter. Xact Kapitalforvaltning AB now owns 66,793 shares of the basic materials company’s stock worth $3,795,000 after purchasing an additional 884 shares during the period. Finally, Advisor Partners LLC grew its stake in International Paper by 9.4% in the 4th quarter. Advisor Partners LLC now owns 10,461 shares of the basic materials company’s stock valued at $664,000 after acquiring an additional 897 shares during the period. 80.61% of the stock is currently owned by institutional investors and hedge funds.
International Paper Co (NYSE:IP) opened at $58.00 on Wednesday. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $24,337.99, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.49. International Paper Co has a fifty-two week low of $49.60 and a fifty-two week high of $66.94.
International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.08. The company had revenue of $5.71 billion for the quarter, compared to analyst estimates of $6.01 billion. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. equities research analysts forecast 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. Shareholders of record on Wednesday, February 21st will be issued a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.28%. International Paper’s payout ratio is currently 36.97%.
A number of equities research analysts recently issued reports on IP shares. Credit Suisse Group lifted their price target on shares of International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, October 27th. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a research note 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 target on the stock in a research note on Tuesday, January 2nd. Wells Fargo & Co reissued an “outperform” rating and issued a $70.00 price target (up previously from $65.00) on shares of International Paper in a research note on Monday, January 8th. Finally, KeyCorp reissued a “hold” rating on shares of International Paper in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $66.00.
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About International Paper
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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