Point View Wealth Management Inc. reduced its position in shares of International Paper Company (NYSE:IP) by 0.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,205 shares of the basic materials company’s stock after selling 48 shares during the period. Point View Wealth Management Inc.’s holdings in International Paper Company were worth $366,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cantab Capital Partners LLP increased its stake in shares of International Paper Company by 1,015.7% in the fourth quarter. Cantab Capital Partners LLP now owns 2,633 shares of the basic materials company’s stock valued at $140,000 after buying an additional 2,397 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of International Paper Company during the fourth quarter valued at approximately $145,000. Hefty Wealth Partners increased its stake in shares of International Paper Company by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of International Paper Company during the first quarter valued at approximately $172,000. Finally, Duncker Streett & Co. Inc. boosted its position in International Paper Company by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 3,630 shares of the basic materials company’s stock worth $184,000 after buying an additional 300 shares during the period. 84.41% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for International Paper Company (NYSE:IP)

International Paper Company (NYSE:IP) traded up 1.25% during mid-day trading on Friday, hitting $56.51. 3,984,422 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $53.39 and its 200-day moving average price is $52.83. International Paper Company has a 12 month low of $39.24 and a 12 month high of $58.86. The stock has a market cap of $23.33 billion, a PE ratio of 30.20 and a beta of 1.44.

International Paper Company (NYSE:IP) last announced its earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.04. The company had revenue of $5.51 billion during the quarter, compared to analyst estimates of $5.44 billion. International Paper Company had a net margin of 3.63% and a return on equity of 30.44%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. Equities analysts expect that International Paper Company will post $3.63 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 26th were given a dividend of $0.4625 per share. The ex-dividend date of this dividend was Wednesday, May 24th. This represents a $1.85 annualized dividend and a yield of 3.27%. International Paper Company’s dividend payout ratio (DPR) is 98.40%.

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A number of equities analysts have issued reports on the company. Royal Bank of Canada upgraded International Paper Company from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $50.00 to $56.00 in a report on Wednesday, April 19th. BidaskClub upgraded International Paper Company from a “hold” rating to a “buy” rating in a report on Friday. Bank of America Corporation restated a “neutral” rating and issued a $62.00 price objective (up previously from $61.00) on shares of International Paper Company in a report on Tuesday, February 21st. Barclays PLC lifted their price target on International Paper Company from $45.00 to $48.00 and gave the stock an “underweight” rating in a report on Monday, May 1st. Finally, Deutsche Bank AG lifted their price target on International Paper Company from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. International Paper Company presently has a consensus rating of “Hold” and an average target price of $55.44.

International Paper Company Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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