Cornerstone Capital Management Holdings LLC. lowered its stake in International Paper Company (NYSE:IP) by 39.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,856 shares of the basic materials company’s stock after selling 48,383 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in International Paper Company were worth $3,800,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IP. RidgeWorth Capital Management LLC increased its stake in International Paper Company by 37.6% in the fourth quarter. RidgeWorth Capital Management LLC now owns 775,371 shares of the basic materials company’s stock worth $41,141,000 after buying an additional 211,925 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in International Paper Company by 16.7% in the fourth quarter. Pinnacle Associates Ltd. now owns 7,706 shares of the basic materials company’s stock worth $409,000 after buying an additional 1,104 shares during the last quarter. Ardevora Asset Management LLP acquired a new stake in International Paper Company during the fourth quarter worth $22,630,000. Capital Analysts LLC increased its stake in International Paper Company by 1.1% in the fourth quarter. Capital Analysts LLC now owns 20,065 shares of the basic materials company’s stock worth $1,065,000 after buying an additional 227 shares during the last quarter. Finally, Tredje AP fonden increased its stake in International Paper Company by 19.0% in the fourth quarter. Tredje AP fonden now owns 46,601 shares of the basic materials company’s stock worth $2,473,000 after buying an additional 7,444 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.

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

Shares of International Paper Company (NYSE IP) opened at 56.51 on Friday. International Paper Company has a 1-year low of $39.24 and a 1-year high of $58.86. The company has a market cap of $23.33 billion, a PE ratio of 30.20 and a beta of 1.44. The firm’s 50 day moving average is $53.39 and its 200-day moving average is $52.83.

International Paper Company (NYSE:IP) last released its earnings results on Thursday, April 27th. The basic materials company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. International Paper Company had a net margin of 3.63% and a return on equity of 30.44%. The company had revenue of $5.51 billion for the quarter, compared to analyst estimates of $5.44 billion. During the same quarter last year, the firm earned $0.80 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Equities analysts expect that International Paper Company will post $3.63 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 26th were issued a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a dividend yield of 3.27%. The ex-dividend date of this dividend was Wednesday, May 24th. International Paper Company’s dividend payout ratio is currently 98.40%.

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A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of International Paper Company from a “hold” rating to a “buy” rating in a research report on Friday. Deutsche Bank AG lifted their price target on shares of International Paper Company from $50.00 to $54.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Citigroup Inc. reiterated a “neutral” rating on shares of International Paper Company in a research report on Saturday, April 22nd. Jefferies Group LLC reiterated a “buy” rating and issued a $63.00 price target on shares of International Paper Company in a research report on Wednesday, April 12th. Finally, Royal Bank Of Canada upgraded shares of International Paper Company from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $50.00 to $56.00 in a research report on Wednesday, April 19th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. International Paper Company has a consensus rating of “Hold” and a consensus price target of $55.44.

International Paper Company Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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