International Paper Co (NYSE:IP) Stake Lifted by Palouse Capital Management Inc.

Palouse Capital Management Inc. lifted its holdings in International Paper Co (NYSE:IP) by 10.2% during the 1st quarter, HoldingsChannel reports. The fund owned 112,218 shares of the basic materials company’s stock after acquiring an additional 10,417 shares during the quarter. International Paper makes up approximately 2.0% of Palouse Capital Management Inc.’s portfolio, making the stock its 20th biggest position. Palouse Capital Management Inc.’s holdings in International Paper were worth $5,192,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 10 15 Associates Inc. raised its position in shares of International Paper by 1.7% during the 4th quarter. 10 15 Associates Inc. now owns 13,290 shares of the basic materials company’s stock valued at $536,000 after acquiring an additional 220 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of International Paper by 0.6% during the 1st quarter. CIBC Asset Management Inc now owns 38,044 shares of the basic materials company’s stock valued at $1,760,000 after acquiring an additional 231 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of International Paper by 17.5% during the 1st quarter. Cable Hill Partners LLC now owns 1,669 shares of the basic materials company’s stock valued at $77,000 after acquiring an additional 248 shares during the last quarter. Fluent Financial LLC raised its position in shares of International Paper by 0.8% during the 1st quarter. Fluent Financial LLC now owns 35,015 shares of the basic materials company’s stock valued at $1,620,000 after acquiring an additional 273 shares during the last quarter. Finally, WealthTrust Arizona LLC raised its position in shares of International Paper by 40.0% during the 4th quarter. WealthTrust Arizona LLC now owns 1,050 shares of the basic materials company’s stock valued at $42,000 after acquiring an additional 300 shares during the last quarter. 81.32% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts recently commented on the stock. Barclays lowered their price objective on shares of International Paper from $40.00 to $39.00 and set an “underweight” rating for the company in a research report on Monday, April 1st. Bank of America cut shares of International Paper from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Citigroup upped their price objective on shares of International Paper from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada cut shares of International Paper from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $54.00 to $47.00 in a research report on Friday, April 5th. Finally, UBS Group lowered their price objective on shares of International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $53.00.



NYSE IP traded down $0.12 on Wednesday, reaching $43.84. The company had a trading volume of 77,063 shares, compared to its average volume of 2,982,547. The firm has a market cap of $17.42 billion, a PE ratio of 8.23, a PEG ratio of 1.74 and a beta of 1.54. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 1.37. International Paper Co has a 1-year low of $37.55 and a 1-year high of $59.57.

International Paper (NYSE:IP) last announced its earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.20. The firm had revenue of $5.64 billion during the quarter, compared to analyst estimates of $5.73 billion. International Paper had a net margin of 7.32% and a return on equity of 31.35%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 EPS. Equities research analysts forecast that International Paper Co will post 5.15 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Tuesday, May 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date is Friday, May 24th. International Paper’s payout ratio is presently 37.59%.

In related news, SVP Thomas J. Plath sold 1,000 shares of the company’s stock in a transaction on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $45,170.00. Following the completion of the transaction, the senior vice president now directly owns 30,671 shares of the company’s stock, valued at approximately $1,385,409.07. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total transaction of $234,250.00. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

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International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include 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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