International Paper (NYSE:IP) Stock Position Lowered by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC lowered its stake in International Paper (NYSE:IP - Free Report) by 12.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,509,210 shares of the basic materials company's stock after selling 221,111 shares during the period. International Paper accounts for about 1.6% of Ceredex Value Advisors LLC's holdings, making the stock its 9th largest holding. Ceredex Value Advisors LLC owned 0.43% of International Paper worth $81,226,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Canada Post Corp Registered Pension Plan bought a new stake in shares of International Paper in the 4th quarter worth $333,000. Tribune Investment Group LP purchased a new position in International Paper in the 4th quarter worth about $10,226,000. CreativeOne Wealth LLC lifted its stake in International Paper by 3.8% during the 4th quarter. CreativeOne Wealth LLC now owns 22,590 shares of the basic materials company's stock valued at $1,216,000 after acquiring an additional 821 shares during the period. Mariner LLC boosted its holdings in shares of International Paper by 17.0% during the 4th quarter. Mariner LLC now owns 78,128 shares of the basic materials company's stock valued at $4,205,000 after acquiring an additional 11,361 shares during the last quarter. Finally, SageView Advisory Group LLC grew its stake in shares of International Paper by 21.7% in the fourth quarter. SageView Advisory Group LLC now owns 13,502 shares of the basic materials company's stock worth $727,000 after acquiring an additional 2,404 shares during the period. 81.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on International Paper in a research note on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price target on the stock. StockNews.com cut shares of International Paper from a "buy" rating to a "hold" rating in a research note on Friday, March 28th. Wells Fargo & Company cut their target price on International Paper from $52.00 to $45.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup began coverage on shares of International Paper in a report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. Finally, Bank of America began coverage on International Paper in a report on Thursday, February 13th. They set a "neutral" rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, International Paper presently has an average rating of "Moderate Buy" and an average price target of $55.32.

International Paper Trading Up 0.0 %

International Paper stock traded up $0.02 during midday trading on Friday, reaching $46.32. The stock had a trading volume of 3,511,121 shares, compared to its average volume of 8,946,266. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The firm has a market cap of $24.45 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99. International Paper has a 52-week low of $33.16 and a 52-week high of $60.36. The company has a fifty day moving average of $51.90 and a 200 day moving average of $53.57.

International Paper (NYSE:IP - Get Free Report) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates 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, analysts anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.4625 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.99%. International Paper's 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.