Transamerica Financial Advisors Inc. Decreases Stake in International Paper (NYSE:IP)

Transamerica Financial Advisors Inc. cut its holdings in shares of International Paper (NYSE:IP) by 44.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,237 shares of the basic materials company’s stock after selling 974 shares during the period. Transamerica Financial Advisors Inc.’s holdings in International Paper were worth $67,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Brooklyn Investment Group purchased a new stake in shares of International Paper during the 3rd quarter valued at about $25,000. Sierra Ocean LLC bought a new position in International Paper during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC purchased a new stake in International Paper in the fourth quarter worth approximately $26,000. Legacy Investment Solutions LLC bought a new stake in International Paper in the 3rd quarter worth approximately $28,000. Finally, Picton Mahoney Asset Management raised its stake in International Paper by 67.0% during the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock valued at $29,000 after buying an additional 215 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.

International Paper Trading Down 2.5 %

International Paper stock opened at $53.23 on Monday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.49 and a quick ratio of 1.08. The stock has a market cap of $28.01 billion, a P/E ratio of 33.90, a PEG ratio of 0.39 and a beta of 1.02. The firm’s 50 day moving average price is $54.86 and its 200-day moving average price is $53.76. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. On average, equities analysts predict that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.85 annualized dividend and a dividend yield of 3.48%. International Paper’s dividend payout ratio (DPR) is 117.83%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Citigroup began coverage on International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price target on the stock. Royal Bank of Canada restated an “outperform” rating and set a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a research report on Friday. Bank of America started coverage on International Paper in a research report on Thursday, February 13th. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of International Paper in a report on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.32.

International Paper Company Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.