IQ EQ FUND MANAGEMENT IRELAND Ltd Has $1.82 Million Stake in International Paper (NYSE:IP)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its stake in shares of International Paper (NYSE:IP - Free Report) by 12.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,748 shares of the basic materials company's stock after selling 4,773 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in International Paper were worth $1,816,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in shares of International Paper in the 4th quarter worth about $26,000. Centricity Wealth Management LLC bought a new position in International Paper in the fourth quarter worth about $26,000. Brooklyn Investment Group acquired a new position in International Paper in the third quarter valued at approximately $25,000. Picton Mahoney Asset Management grew its holdings 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 valued at $29,000 after purchasing an additional 215 shares during the last quarter. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of International Paper during the 3rd quarter worth approximately $28,000. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Price Performance

NYSE:IP traded down $0.30 during trading hours on Tuesday, reaching $53.05. 784,590 shares of the company's stock were exchanged, compared to its average volume of 9,554,578. 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 company has a market capitalization of $27.91 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 0.39 and a beta of 1.02. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36. The business's 50-day simple moving average is $54.79 and its two-hundred day simple moving average is $53.80.

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International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings data 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%. Sell-side analysts expect that International Paper will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a $0.4625 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.49%. International Paper's dividend payout ratio is currently 117.83%.

Analyst Ratings Changes

IP has been the subject of a number of analyst reports. StockNews.com lowered International Paper from a "buy" rating to a "hold" rating in a research report on Friday. Citigroup assumed coverage on shares of International Paper in a research report on Wednesday, March 5th. They issued a "buy" rating and a $60.00 target price for the company. JPMorgan Chase & Co. initiated coverage on International Paper in a research note on Thursday, March 20th. They issued an "overweight" rating and a $59.00 price target for the company. Bank of America began coverage on shares of International Paper in a research note on Thursday, February 13th. They set a "neutral" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, International Paper currently has an average rating of "Moderate Buy" and a consensus price target of $55.32.

International Paper 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.