IQ EQ FUND MANAGEMENT IRELAND Ltd Trims Stock Position in International Paper (NYSE:IP)

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its holdings in shares of International Paper (NYSE:IP) by 12.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,748 shares of the basic materials company’s stock after selling 4,773 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in International Paper were worth $1,816,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of IP. SPC Financial Inc. boosted its stake in shares of International Paper by 1.4% during the fourth quarter. SPC Financial Inc. now owns 14,100 shares of the basic materials company’s stock valued at $759,000 after acquiring an additional 200 shares during the last quarter. AlphaMark Advisors LLC boosted its stake in shares of International Paper by 5.7% during the 4th quarter. AlphaMark Advisors LLC now owns 3,814 shares of the basic materials company’s stock worth $205,000 after purchasing an additional 204 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of International Paper by 1.7% during the fourth quarter. Inspire Advisors LLC now owns 12,358 shares of the basic materials company’s stock worth $665,000 after buying an additional 204 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of International Paper by 14.7% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,601 shares of the basic materials company’s stock valued at $86,000 after buying an additional 205 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of International Paper by 1.4% during the fourth quarter. Kestra Private Wealth Services LLC now owns 15,244 shares of the basic materials company’s stock valued at $820,000 after buying an additional 212 shares during the period. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Down 1.1 %

Shares of NYSE:IP opened at $54.82 on Friday. International Paper has a twelve month low of $33.16 and a twelve month high of $60.36. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The firm has a market cap of $28.84 billion, a P/E ratio of 34.92, a P/E/G ratio of 0.39 and a beta of 1.02. The company has a 50 day moving average of $54.93 and a 200-day moving average of $53.63.

International Paper (NYSE:IP) last issued its quarterly 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 return on equity of 4.75% and a net margin of 2.99%. As a group, analysts anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders 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 annualized dividend and a yield of 3.37%. International Paper’s payout ratio is presently 117.83%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup assumed coverage on International Paper in a research note on Wednesday, March 5th. They set a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $64.00 price target on shares of International Paper in a research note on Wednesday. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. began coverage on shares of International Paper in a research report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, International Paper currently has an average rating of “Moderate Buy” and an average target price of $55.32.

International Paper Company Profile

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.