International Paper (NYSE:IP) Holdings Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC trimmed its position in International Paper (NYSE:IP) by 18.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,856 shares of the basic materials company’s stock after selling 16,415 shares during the quarter. Corient Private Wealth LLC’s holdings in International Paper were worth $3,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group acquired a new position in International Paper during the 3rd quarter valued at approximately $25,000. Sierra Ocean LLC acquired a new position in International Paper during the 4th quarter valued at approximately $26,000. Centricity Wealth Management LLC acquired a new position in International Paper during the 4th quarter valued at approximately $26,000. Legacy Investment Solutions LLC acquired a new position in International Paper during the 3rd quarter valued at approximately $28,000. Finally, Picton Mahoney Asset Management boosted its position in International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock valued at $29,000 after purchasing an additional 215 shares during the period. 81.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Citigroup assumed coverage on International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on International Paper in a research report on Thursday. They set an “overweight” rating and a $59.00 price target for the company. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 price target on shares of International Paper in a research report on Friday, January 31st. Bank of America initiated coverage on International Paper in a research report on Thursday, February 13th. They set a “neutral” rating for the company. Finally, StockNews.com upgraded International Paper from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, International Paper presently has an average rating of “Moderate Buy” and an average price target of $55.32.

International Paper Trading Down 1.9 %

Shares of IP stock opened at $51.29 on Friday. The stock has a 50-day simple moving average of $54.96 and a 200 day simple moving average of $53.46. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36. The stock has a market capitalization of $26.99 billion, a P/E ratio of 32.67, a P/E/G ratio of 0.39 and a beta of 1.02. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, sell-side analysts expect that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.61%. The ex-dividend date was Monday, February 24th. International Paper’s dividend payout ratio is 117.83%.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.