M Holdings Securities Inc. Takes Position in International Paper (NYSE:IP)

M Holdings Securities Inc. bought a new stake in International Paper (NYSE:IPGet Rating) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,734 shares of the basic materials company’s stock, valued at approximately $218,000.

A number of other large investors also recently made changes to their positions in IP. Bivin & Associates Inc. bought a new stake in shares of International Paper in the 4th quarter valued at approximately $30,000. Desjardins Global Asset Management Inc. grew its stake in shares of International Paper by 45.5% in the 1st quarter. Desjardins Global Asset Management Inc. now owns 675 shares of the basic materials company’s stock valued at $31,000 after buying an additional 211 shares in the last quarter. Mystic Asset Management Inc. bought a new stake in shares of International Paper in the 4th quarter valued at approximately $42,000. Westside Investment Management Inc. grew its stake in shares of International Paper by 112.4% in the 1st quarter. Westside Investment Management Inc. now owns 945 shares of the basic materials company’s stock valued at $43,000 after buying an additional 500 shares in the last quarter. Finally, Bank of New Hampshire bought a new stake in shares of International Paper in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 85.84% of the company’s stock.

International Paper Stock Down 11.2 %

IP opened at $35.23 on Monday. International Paper has a 1-year low of $34.75 and a 1-year high of $57.87. The company has a current ratio of 1.62, a quick ratio of 1.18 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $12.75 billion, a price-to-earnings ratio of 7.32 and a beta of 0.90. The business has a 50 day moving average of $42.26 and a 200-day moving average of $44.42.

International Paper (NYSE:IPGet Rating) last issued its earnings results on Thursday, July 28th. The basic materials company reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.13. The business had revenue of $5.39 billion during the quarter, compared to analyst estimates of $5.35 billion. International Paper had a return on equity of 17.25% and a net margin of 8.60%. International Paper’s revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 earnings per share. As a group, sell-side analysts anticipate that International Paper will post 4.54 earnings per share for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Monday, August 15th were paid a $0.4625 dividend. The ex-dividend date was Friday, August 12th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.25%. International Paper’s payout ratio is 38.46%.

Insider Activity at International Paper

In related news, major shareholder Paper Co /New/ International sold 4,614,358 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $36.25, for a total value of $167,270,477.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.42% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on IP. KeyCorp decreased their target price on International Paper from $41.00 to $37.00 and set an “underweight” rating for the company in a research report on Friday, July 1st. Citigroup cut International Paper from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $53.00 to $46.00 in a research report on Tuesday, June 21st. Wells Fargo & Company cut International Paper from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $58.00 to $47.00 in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their target price on International Paper from $48.00 to $44.00 in a research report on Tuesday, July 19th. Finally, Jefferies Financial Group cut International Paper from a “hold” rating to an “underperform” rating and decreased their target price for the stock from $40.00 to $31.00 in a research report on Friday. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, International Paper presently has an average rating of “Hold” and a consensus price target of $48.40.

About International Paper

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International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Further Reading

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

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