International Paper Co (NYSE:IP) Shares Bought by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its holdings in shares of International Paper Co (NYSE:IP) by 76.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 380,238 shares of the basic materials company’s stock after purchasing an additional 164,641 shares during the period. Royal London Asset Management Ltd. owned 0.09% of International Paper worth $15,137,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IP. CWM LLC raised its holdings in shares of International Paper by 81.2% during the fourth quarter. CWM LLC now owns 743 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 333 shares during the last quarter. Alpha Windward LLC raised its holdings in shares of International Paper by 52.8% during the fourth quarter. Alpha Windward LLC now owns 1,155 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 399 shares during the last quarter. First Command Bank raised its holdings in shares of International Paper by 56.7% during the fourth quarter. First Command Bank now owns 1,185 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 429 shares during the last quarter. First Command Financial Services Inc. raised its holdings in shares of International Paper by 56.7% during the fourth quarter. First Command Financial Services Inc. now owns 1,185 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 429 shares during the last quarter. Finally, CX Institutional raised its holdings in shares of International Paper by 2,757.1% during the fourth quarter. CX Institutional now owns 2,000 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 1,930 shares during the last quarter. Institutional investors own 81.56% of the company’s stock.

IP has been the subject of several recent research reports. Argus reduced their target price on shares of International Paper from $70.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 29th. Zacks Investment Research raised shares of International Paper from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Tuesday, December 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $55.00 price objective on shares of International Paper in a report on Tuesday, October 23rd. Finally, Citigroup reaffirmed a “buy” rating and issued a $53.00 price objective on shares of International Paper in a report on Friday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $54.58.

Shares of NYSE IP opened at $46.76 on Thursday. International Paper Co has a 52-week low of $37.55 and a 52-week high of $61.30. The stock has a market capitalization of $19.05 billion, a PE ratio of 8.79, a P/E/G ratio of 0.94 and a beta of 1.58. 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 announced its earnings results on Thursday, January 31st. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.61 by $0.04. International Paper had a net margin of 8.63% and a return on equity of 30.72%. The business had revenue of $5.95 billion for the quarter, compared to analyst estimates of $5.86 billion. Research analysts predict that International Paper Co will post 5.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Thursday, February 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $2.00 annualized dividend and a dividend yield of 4.28%. International Paper’s dividend payout ratio (DPR) is 37.59%.

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International Paper Company Profile

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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