Landscape Capital Management L.L.C. Sells 44,365 Shares of International Paper (NYSE:IP)

Landscape Capital Management L.L.C. trimmed its position in shares of International Paper (NYSE:IP) by 80.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,677 shares of the basic materials company’s stock after selling 44,365 shares during the period. Landscape Capital Management L.L.C.’s holdings in International Paper were worth $575,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC bought a new stake in International Paper in the fourth quarter valued at about $26,000. Centricity Wealth Management LLC bought a new stake in shares of International Paper in the 4th quarter valued at approximately $26,000. Picton Mahoney Asset Management raised its holdings in shares of International Paper by 67.0% in the 4th quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company’s stock worth $29,000 after buying an additional 215 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in shares of International Paper during the 3rd quarter worth approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in shares of International Paper by 313.3% in the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Stock Performance

International Paper stock opened at $47.89 on Monday. International Paper has a 1 year low of $33.16 and a 1 year high of $60.36. The company’s 50-day moving average is $54.18 and its two-hundred day moving average is $53.85. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. The company has a market cap of $25.20 billion, a PE ratio of 30.50, a PEG ratio of 0.39 and a beta of 0.99.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (EPS) 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%. Equities analysts anticipate that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.4625 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.86%. International Paper’s dividend payout ratio is presently 117.83%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a research note on Thursday, March 20th. They set an “overweight” rating and a $59.00 price objective on the stock. StockNews.com cut International Paper from a “buy” rating to a “hold” rating in a report on Friday, March 28th. Bank of America began coverage on International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a research note on Wednesday, March 26th. Finally, Citigroup initiated coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $55.32.

About International Paper

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.