WealthTrust Arizona LLC grew its stake in shares of International Paper Co (NYSE:IP) by 40.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,050 shares of the basic materials company’s stock after buying an additional 300 shares during the period. WealthTrust Arizona LLC’s holdings in International Paper were worth $42,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Webster Bank N. A. increased its stake in International Paper by 64.6% in the 4th quarter. Webster Bank N. A. now owns 7,645 shares of the basic materials company’s stock worth $308,000 after acquiring an additional 3,000 shares during the last quarter. American Trust Investment Advisors LLC increased its position in shares of International Paper by 59.2% during the 4th quarter. American Trust Investment Advisors LLC now owns 60,850 shares of the basic materials company’s stock valued at $2,456,000 after purchasing an additional 22,635 shares during the last quarter. Commonwealth Bank of Australia increased its position in shares of International Paper by 5.5% during the 3rd quarter. Commonwealth Bank of Australia now owns 68,809 shares of the basic materials company’s stock valued at $3,375,000 after purchasing an additional 3,600 shares during the last quarter. Evermay Wealth Management LLC bought a new position in shares of International Paper during the 3rd quarter valued at approximately $211,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO increased its position in shares of International Paper by 58.6% during the 4th quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 22,680 shares of the basic materials company’s stock valued at $915,000 after purchasing an additional 8,380 shares during the last quarter. 81.56% of the stock is currently owned by institutional investors.

In related news, insider Timothy S. Nicholls sold 45,000 shares of the business’s stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $46.67, for a total transaction of $2,100,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.32% of the stock is owned by insiders.

IP has been the topic of several analyst reports. Barclays cut their target price on International Paper from $45.00 to $44.00 and set an “underweight” rating on the stock in a research report on Monday, October 29th. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a research report on Monday, October 29th. Seaport Global Securities initiated coverage on International Paper in a research report on Tuesday, October 23rd. They set a “neutral” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $55.00 target price on shares of International Paper in a research report on Tuesday, October 23rd. Finally, Deutsche Bank set a $55.00 target price on International Paper and gave the company a “hold” rating in a research report on Monday, October 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $54.58.

IP traded up $0.07 during trading hours on Tuesday, reaching $47.22. 760,895 shares of the company’s stock traded hands, compared to its average volume of 2,961,203. International Paper Co has a 52-week low of $37.55 and a 52-week high of $61.30. The company has a quick ratio of 1.01, a current ratio of 1.49 and a debt-to-equity ratio of 1.34. The stock has a market cap of $19.10 billion, a P/E ratio of 8.88, a PEG ratio of 0.95 and a beta of 1.58.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.04. International Paper had a return on equity of 30.72% and a net margin of 8.63%. The company had revenue of $5.95 billion during the quarter, compared to analysts’ expectations of $5.86 billion. Equities analysts anticipate that International Paper Co will post 5.18 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Wednesday, February 20th. International Paper’s payout ratio is currently 37.59%.

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About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including 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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