Dean Investment Associates LLC Invests $1.68 Million in International Paper Co (IP)

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Dean Investment Associates LLC purchased a new position in International Paper Co (NYSE:IP) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 36,349 shares of the basic materials company’s stock, valued at approximately $1,682,000.

Several other large investors have also bought and sold shares of IP. Legal & General Group Plc boosted its position in International Paper by 1.6% in the 3rd quarter. Legal & General Group Plc now owns 1,950,444 shares of the basic materials company’s stock valued at $95,865,000 after buying an additional 30,715 shares during the period. Morgan Stanley raised its stake in shares of International Paper by 8.7% during the 3rd quarter. Morgan Stanley now owns 3,542,394 shares of the basic materials company’s stock worth $174,109,000 after acquiring an additional 284,827 shares in the last quarter. Vanguard Group Inc raised its stake in shares of International Paper by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 31,253,119 shares of the basic materials company’s stock worth $1,536,091,000 after acquiring an additional 101,749 shares in the last quarter. SignalPoint Asset Management LLC raised its stake in shares of International Paper by 15.5% during the 4th quarter. SignalPoint Asset Management LLC now owns 5,258 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 707 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of International Paper by 16.2% during the 4th quarter. Bank of Montreal Can now owns 1,261,884 shares of the basic materials company’s stock worth $50,929,000 after acquiring an additional 175,493 shares in the last quarter. 81.91% of the stock is currently owned by hedge funds and other institutional investors.

IP has been the subject of several recent analyst reports. UBS Group reduced 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 note on Wednesday, April 10th. Citigroup restated a “buy” rating and set a $53.00 price target on shares of International Paper in a research note on Friday, February 1st. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Bank of America lowered shares of International Paper from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Finally, Royal Bank of Canada upped their price target on shares of International Paper to $54.00 and gave the company an “outperform” rating in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. International Paper has an average rating of “Hold” and an average price target of $53.00.

In other news, insider John V. Sims sold 12,667 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $45.96, for a total value of $582,175.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP W. Michael Jr. Amick sold 9,093 shares of the stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $47.65, for a total transaction of $433,281.45. The disclosure for this sale can be found here. Insiders sold 36,760 shares of company stock worth $1,724,357 in the last quarter. Company insiders own 0.33% of the company’s stock.

Shares of International Paper stock opened at $43.37 on Friday. 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 12-month low of $37.55 and a 12-month high of $59.57. The company has a market cap of $17.23 billion, a price-to-earnings ratio of 8.15, a P/E/G ratio of 1.73 and a beta of 1.55.

International Paper (NYSE:IP) last released its quarterly earnings data 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 for 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 business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. Research analysts forecast that International Paper Co will post 5.15 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be paid a $0.50 dividend. The ex-dividend date is Friday, May 24th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.61%. International Paper’s payout ratio is currently 37.59%.

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About International Paper

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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