Wesbanco Bank Inc. boosted its position in International Paper Co (NYSE:IP) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 27,944 shares of the basic materials company’s stock after buying an additional 1,551 shares during the period. Wesbanco Bank Inc.’s holdings in International Paper were worth $1,128,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Baldwin Brothers Inc. MA bought a new position in shares of International Paper in the fourth quarter valued at approximately $26,000. CWM LLC lifted its holdings in shares of International Paper by 81.2% in the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 333 shares in the last quarter. Transamerica Financial Advisors Inc. lifted its holdings in shares of International Paper by 641.1% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 830 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 718 shares in the last quarter. Alpha Windward LLC lifted its holdings in shares of International Paper by 52.8% in the fourth quarter. Alpha Windward LLC now owns 1,155 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 399 shares in the last quarter. Finally, First Command Bank lifted its holdings in shares of International Paper by 56.7% in the fourth quarter. First Command Bank now owns 1,185 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 429 shares in the last quarter. Institutional investors and hedge funds own 81.56% of the company’s stock.

International Paper stock traded down $0.54 during mid-day trading on Monday, reaching $45.45. 517,031 shares of the company’s stock were exchanged, compared to its average volume of 2,528,753. The firm has a market capitalization of $18.67 billion, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 0.94 and a beta of 1.58. International Paper Co has a one year low of $37.55 and a one year high of $61.30. The company has a current ratio of 1.49, a quick ratio of 1.01 and a debt-to-equity ratio of 1.34.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 31st. The basic materials company reported $1.65 EPS for the quarter, topping 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 business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.86 billion. Analysts predict that International Paper Co will post 5.18 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Wednesday, February 20th. International Paper’s dividend payout ratio is currently 37.59%.

A number of analysts recently commented on the company. Argus dropped their price target on International Paper from $70.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, October 29th. Zacks Investment Research upgraded International Paper from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Tuesday, December 4th. Citigroup reiterated a “buy” rating and set a $53.00 price target on shares of International Paper in a report on Friday, February 1st. Barclays dropped their price target on International Paper from $45.00 to $44.00 and set an “underweight” rating on the stock in a report on Monday, October 29th. Finally, Deutsche Bank set a $55.00 price target on International Paper and gave the stock a “hold” rating in a 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 issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $54.58.

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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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