Curi RMB Capital LLC Boosts Stock Position in International Paper (NYSE:IP)

Curi RMB Capital LLC grew its position in International Paper (NYSE:IP - Free Report) by 60.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 159,578 shares of the basic materials company's stock after acquiring an additional 59,879 shares during the quarter. Curi RMB Capital LLC's holdings in International Paper were worth $8,588,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sierra Ocean LLC purchased a new position in International Paper during the fourth quarter worth about $26,000. Centricity Wealth Management LLC purchased a new stake in shares of International Paper in the 4th quarter valued at $26,000. Picton Mahoney Asset Management lifted its position in shares of International Paper by 67.0% during the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock worth $29,000 after purchasing an additional 215 shares in the last quarter. Versant Capital Management Inc boosted its position in International Paper by 313.3% in the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company's stock valued at $32,000 after buying an additional 448 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company's stock valued at $33,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 81.95% of the company's stock.

International Paper Stock Performance

Shares of International Paper stock traded up $0.92 during trading hours on Thursday, hitting $47.67. 2,200,143 shares of the company were exchanged, compared to its average volume of 8,617,638. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 0.39 and a beta of 0.99. The business has a 50-day moving average of $51.34 and a 200-day moving average of $53.53. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36.

International Paper (NYSE:IP - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS 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%. As a group, analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Monday, February 24th. International Paper's dividend payout ratio is currently 117.83%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on IP. Royal Bank of Canada reissued an "outperform" rating and issued a $64.00 price objective on shares of International Paper in a research report on Wednesday, March 26th. Citigroup began coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. JPMorgan Chase & Co. started coverage on shares of International Paper in a research report on Thursday, March 20th. They set an "overweight" rating and a $59.00 price objective for the company. StockNews.com downgraded shares of International Paper from a "buy" rating to a "hold" rating in a research report on Friday, March 28th. Finally, Wells Fargo & Company reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, International Paper currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.77.

International Paper Company Profile

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.