Xact Kapitalforvaltning AB Has $4.14 Million Stake in International Paper Co (IP)

Xact Kapitalforvaltning AB lifted its stake in shares of International Paper Co (NYSE:IP) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,366 shares of the basic materials company’s stock after acquiring an additional 4,573 shares during the quarter. Xact Kapitalforvaltning AB’s holdings in International Paper were worth $4,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Calton & Associates Inc. acquired a new stake in International Paper during the fourth quarter worth approximately $106,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in International Paper during the fourth quarter worth approximately $112,000. Cerebellum GP LLC acquired a new stake in International Paper during the fourth quarter worth approximately $121,000. Amica Retiree Medical Trust acquired a new stake in International Paper during the third quarter worth approximately $128,000. Finally, Icon Wealth Partners LLC acquired a new stake in International Paper during the fourth quarter worth approximately $134,000. Institutional investors own 82.52% of the company’s stock.

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Shares of International Paper stock opened at $50.15 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.62 and a debt-to-equity ratio of 1.66. International Paper Co has a one year low of $49.60 and a one year high of $66.94. The company has a market capitalization of $20,708.99, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 1.12 and a beta of 1.47.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.05% and a net margin of 9.36%. The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $6.01 billion. During the same quarter last year, the firm posted $0.67 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. equities research analysts expect that International Paper Co will post 4.72 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st were paid a $0.475 dividend. The ex-dividend date of this dividend was Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.79%. International Paper’s dividend payout ratio (DPR) is presently 36.97%.

Several research firms recently commented on IP. Bank of America raised their target price on International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Barclays raised their target price on International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Zacks Investment Research raised International Paper from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, February 6th. ValuEngine raised International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets cut International Paper from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $65.17.

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International Paper Company 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.

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

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