Keybank National Association OH Has $449,000 Position in International Paper Co (IP)

Share on StockTwits

Keybank National Association OH lessened its holdings in International Paper Co (NYSE:IP) by 73.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,137 shares of the basic materials company’s stock after selling 31,553 shares during the quarter. Keybank National Association OH’s holdings in International Paper were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of IP. CWM LLC increased its position in shares of International Paper by 81.2% in the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 333 shares during the period. Alpha Windward LLC increased its position in shares of International Paper by 52.8% in the fourth quarter. Alpha Windward LLC now owns 1,155 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 399 shares during the period. First Command Bank increased its position in shares of International Paper by 56.7% in the fourth quarter. First Command Bank now owns 1,185 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 429 shares during the period. First Command Financial Services Inc. increased its position in shares of International Paper by 56.7% in the fourth quarter. First Command Financial Services Inc. now owns 1,185 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 429 shares during the period. Finally, CX Institutional increased its position in shares of International Paper by 2,757.1% in the fourth quarter. CX Institutional now owns 2,000 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 1,930 shares during the period. Institutional investors own 81.56% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Royal Bank of Canada boosted their price objective on shares of International Paper to $54.00 and gave the company an “outperform” rating in a research report on Friday, February 1st. Deutsche Bank set a $55.00 price objective on shares of International Paper and gave the company a “hold” rating in a research report on Monday, October 29th. Finally, Barclays decreased their price objective on shares of International Paper from $45.00 to $44.00 and set an “underweight” rating on the stock in a research report on Monday, October 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $54.58.

NYSE:IP opened at $45.99 on Monday. International Paper Co has a one year low of $37.55 and a one year high of $61.30. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.01 and a current ratio of 1.49. The stock has a market cap of $18.63 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.72%. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.86 billion. Research analysts anticipate that International Paper Co will post 5.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 21st will be paid a $0.50 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.35%. International Paper’s dividend payout ratio is presently 37.59%.

COPYRIGHT VIOLATION NOTICE: “Keybank National Association OH Has $449,000 Position in International Paper Co (IP)” was originally posted by Ticker Report and is the property of of Ticker Report. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.tickerreport.com/banking-finance/4143037/keybank-national-association-oh-has-449000-position-in-international-paper-co-ip.html.

About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading: How to Profit and Limit Losses With Stop Orders

Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Co (NYSE:IP).

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

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Jonathan Corr Sells 12,515 Shares of Ellie Mae Inc  Stock
Jonathan Corr Sells 12,515 Shares of Ellie Mae Inc Stock
T-Mobile Us Inc  Insider Thomas Christopher Keys Sells 43,000 Shares
T-Mobile Us Inc Insider Thomas Christopher Keys Sells 43,000 Shares
Astrotech  Shares Up 6.5%
Astrotech Shares Up 6.5%
Teekay Offshore Partners  Trading 5.2% Higher
Teekay Offshore Partners Trading 5.2% Higher
Workiva  Issues Q1 2019 Earnings Guidance
Workiva Issues Q1 2019 Earnings Guidance
Autolus Therapeutics Ltd –  Receives $44.00 Consensus PT from Analysts
Autolus Therapeutics Ltd – Receives $44.00 Consensus PT from Analysts


Leave a Reply

© 2006-2019 Ticker Report