Marietta Wealth Management LLC grew its stake in shares of International Paper Co (NYSE:IP) by 25.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,282 shares of the basic materials company’s stock after purchasing an additional 1,663 shares during the period. Marietta Wealth Management LLC’s holdings in International Paper were worth $383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bremer Trust National Association purchased a new stake in International Paper in the 4th quarter worth about $25,000. Truvestments Capital LLC purchased a new stake in International Paper in the 1st quarter worth about $30,000. Baldwin Brothers Inc. MA purchased a new stake in International Paper in the 4th quarter worth about $26,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in International Paper in the 1st quarter worth about $32,000. Finally, CWM LLC lifted its stake in International Paper by 81.2% in the 4th quarter. CWM LLC now owns 743 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 333 shares in the last quarter. 81.91% of the stock is owned by institutional investors and hedge funds.

IP opened at $42.77 on Friday. International Paper Co has a fifty-two week low of $37.55 and a fifty-two week high of $59.57. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.43 and a quick ratio of 0.96. The stock has a market cap of $16.99 billion, a PE ratio of 8.04, a PEG ratio of 1.73 and a beta of 1.55.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.20. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.73 billion. International Paper had a return on equity of 31.35% and a net margin of 7.32%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same period last year, the business earned $0.94 EPS. On average, research analysts forecast that International Paper Co will post 5.15 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Friday, May 24th. International Paper’s dividend payout ratio is 37.59%.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada raised their price target on International Paper to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 1st. Citigroup reaffirmed a “buy” rating and set a $53.00 price target on shares of International Paper in a research note on Friday, February 1st. Bank of America downgraded International Paper from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Barclays cut their price target on International Paper from $40.00 to $39.00 and set an “underweight” rating for the company in a research note on Monday, April 1st. Finally, UBS Group cut their price target on International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. International Paper presently has an average rating of “Hold” and an average price target of $53.00.

In other news, SVP Thomas J. Plath sold 1,000 shares of the stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $45.17, for a total transaction of $45,170.00. Following the transaction, the senior vice president now owns 30,671 shares of the company’s stock, valued at approximately $1,385,409.07. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gregory T. Wanta sold 9,000 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.72, for a total value of $429,480.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,760 shares of company stock worth $1,724,357. 0.33% of the stock is currently owned by insiders.

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About International Paper

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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

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