Meyer Handelman Co. decreased its stake in shares of International Paper Co (NYSE:IP) by 0.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 285,188 shares of the basic materials company’s stock after selling 1,270 shares during the period. Meyer Handelman Co.’s holdings in International Paper were worth $16,524,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Piedmont Investment Advisors LLC lifted its holdings in International Paper by 0.5% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock valued at $245,000 after buying an additional 20 shares in the last quarter. Cetera Investment Advisers lifted its holdings in International Paper by 1.7% during the 2nd quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock valued at $351,000 after buying an additional 106 shares in the last quarter. BTC Capital Management Inc. raised its holdings in shares of International Paper by 2.2% in the 4th quarter. BTC Capital Management Inc. now owns 39,656 shares of the basic materials company’s stock valued at $2,305,000 after purchasing an additional 841 shares in the last quarter. Lynch & Associates IN raised its holdings in shares of International Paper by 2.6% in the 4th quarter. Lynch & Associates IN now owns 35,059 shares of the basic materials company’s stock valued at $2,031,000 after purchasing an additional 877 shares in the last quarter. Finally, Xact Kapitalforvaltning AB raised its holdings in shares of International Paper by 1.3% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 66,793 shares of the basic materials company’s stock valued at $3,795,000 after purchasing an additional 884 shares in the last quarter. Institutional investors own 81.53% of the company’s stock.

International Paper Co (IP) opened at $57.20 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.62. The company has a market cap of $23,619.48, a P/E ratio of 11.13, a P/E/G ratio of 1.25 and a beta of 1.49. International Paper Co has a 52 week low of $49.60 and a 52 week high of $66.94.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, February 1st. The basic materials company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.19 by $0.08. The firm had revenue of $5.71 billion during the quarter, compared to analyst estimates of $6.01 billion. International Paper had a net margin of 9.36% and a return on equity of 29.53%. International Paper’s revenue was up 14.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. analysts forecast that International Paper Co will post 4.8 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. The ex-dividend date is Tuesday, February 20th. This represents a $1.90 annualized dividend and a dividend yield of 3.32%. International Paper’s dividend payout ratio (DPR) is presently 36.97%.

IP has been the subject of several recent research reports. Stephens initiated coverage on shares of International Paper in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price target for the company. BMO Capital Markets restated a “buy” rating and issued a $70.00 price target on shares of International Paper in a report on Thursday, January 25th. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, January 2nd. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Finally, Credit Suisse Group boosted their price target on shares of International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $65.75.

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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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