CCM Investment Advisers LLC Cuts Holdings in International Paper Co (IP)

CCM Investment Advisers LLC decreased its holdings in shares of International Paper Co (NYSE:IP) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 128,074 shares of the basic materials company’s stock after selling 5,576 shares during the period. CCM Investment Advisers LLC’s holdings in International Paper were worth $7,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BTC Capital Management Inc. increased its position in 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 valued at $2,305,000 after purchasing an additional 841 shares during the period. Lynch & Associates IN increased its position in International Paper by 2.6% during the 4th quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock valued at $2,031,000 after purchasing an additional 877 shares during the period. Advisor Partners LLC increased its position in International Paper by 9.4% during the 4th quarter. Advisor Partners LLC now owns 10,461 shares of the basic materials company’s stock valued at $664,000 after purchasing an additional 897 shares during the period. Tarbox Family Office Inc. increased its position in International Paper by 7.6% during the 4th quarter. Tarbox Family Office Inc. now owns 12,976 shares of the basic materials company’s stock valued at $752,000 after purchasing an additional 911 shares during the period. Finally, Pacer Advisors Inc. increased its position in International Paper by 10.4% during the 3rd quarter. Pacer Advisors Inc. now owns 9,715 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 912 shares during the period. 82.52% of the stock is currently owned by institutional investors and hedge funds.

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A number of research firms have commented on IP. BMO Capital Markets reissued a “buy” rating and set a $70.00 target price on shares of International Paper in a research report on Thursday, January 25th. Wells Fargo reissued an “outperform” rating and set a $70.00 target price (up previously from $65.00) on shares of International Paper in a research report on Monday, January 8th. DA Davidson lifted their price objective on shares of International Paper to $74.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. ValuEngine raised shares of International Paper from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, Bank of America lifted their price objective on shares of International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $65.17.

International Paper stock opened at $53.53 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.62 and a quick ratio of 1.17. International Paper Co has a 12-month low of $49.60 and a 12-month high of $66.94. The stock has a market cap of $21,976.70, a P/E ratio of 10.41, a PEG ratio of 1.19 and a beta of 1.47.

International Paper (NYSE:IP) last released its earnings results on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.08. The company had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. International Paper had a net margin of 9.36% and a return on equity of 29.05%. International Paper’s revenue for the quarter was up 14.2% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. research analysts forecast that International Paper Co will post 4.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Wednesday, February 21st were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Tuesday, February 20th. International Paper’s dividend payout ratio (DPR) is presently 36.97%.

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International Paper Profile

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

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