DRW Securities LLC Invests $201,000 in International Paper (NYSE:IP)

DRW Securities LLC purchased a new stake in shares of International Paper (NYSE:IP) during the 4th quarter, Holdings Channel.com reports. The fund purchased 3,736 shares of the basic materials company’s stock, valued at approximately $201,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IP. Sierra Ocean LLC purchased a new stake in International Paper in the fourth quarter worth $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper in the fourth quarter worth about $26,000. Picton Mahoney Asset Management increased its stake in 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 during the period. Versant Capital Management Inc lifted its holdings in International Paper by 313.3% during the 4th quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock valued at $32,000 after buying an additional 448 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in International Paper by 90.2% during the 4th quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock valued at $33,000 after buying an additional 295 shares in the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup began coverage on shares of International Paper in a research report on Wednesday, March 5th. They set a “buy” rating and a $60.00 target price on the stock. Wells Fargo & Company cut their price target on International Paper from $52.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Bank of America assumed coverage on shares of International Paper in a research note on Thursday, February 13th. They issued a “neutral” rating for the company. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Friday, March 28th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $64.00 price target on shares of International Paper in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $55.32.

International Paper Stock Up 1.4 %

NYSE:IP opened at $46.86 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a market capitalization of $24.74 billion, a P/E ratio of 29.85, a P/E/G ratio of 0.39 and a beta of 0.99. The company’s 50-day simple moving average is $52.76 and its 200-day simple moving average is $53.68. International Paper has a fifty-two week low of $33.16 and a fifty-two week high of $60.36.

International Paper (NYSE:IP) last announced its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 anticipate that International Paper will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid 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 yield of 3.95%. International Paper’s dividend payout ratio (DPR) is 117.83%.

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.