Koshinski Asset Management Inc. lifted its position in shares of International Paper Company (NYSE:IP) by 61.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 19,300 shares of the basic materials company’s stock after purchasing an additional 7,348 shares during the period. Koshinski Asset Management Inc.’s holdings in International Paper were worth $1,118,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of International Paper by 9.9% during the second quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock worth $20,356,000 after purchasing an additional 32,461 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in shares of International Paper by 16.7% during the third quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock worth $3,385,000 after purchasing an additional 8,505 shares during the period. Fox Run Management L.L.C. boosted its holdings in shares of International Paper by 22.1% during the third quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock worth $972,000 after purchasing an additional 3,100 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in shares of International Paper by 0.8% during the third quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock worth $107,301,000 after purchasing an additional 14,298 shares during the period. Finally, Mutual of America Capital Management LLC boosted its holdings in shares of International Paper by 19.3% during the third quarter. Mutual of America Capital Management LLC now owns 136,023 shares of the basic materials company’s stock worth $7,729,000 after purchasing an additional 22,029 shares during the period. Institutional investors own 81.88% of the company’s stock.

Shares of International Paper Company (IP) opened at $61.49 on Thursday. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. International Paper Company has a 1-year low of $49.60 and a 1-year high of $62.44. The company has a market cap of $25,283.59, a PE ratio of 28.34, a price-to-earnings-growth ratio of 1.43 and a beta of 1.46.

International Paper (NYSE:IP) last issued its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business posted $0.91 earnings per share. International Paper’s quarterly revenue was up 12.3% compared to the same quarter last year. equities analysts anticipate that International Paper Company will post 3.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be issued a $0.475 dividend. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 3.09%. International Paper’s dividend payout ratio (DPR) is presently 87.56%.

A number of analysts have recently weighed in on IP shares. Stephens started coverage on shares of International Paper in a report on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 target price for the company. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price for the company in a report on Tuesday, January 2nd. Zacks Investment Research lowered shares of International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $62.00 target price on shares of International Paper in a report on Friday, November 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $63.25.

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

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