AE Wealth Management LLC holds $6.43 million stake in International Paper (NYSE:IP)


AE Wealth Management LLC raised its position in International Paper (NYSE:IP – Get Rating) by 28.9% during the 1st quarter, reports HoldingsChannel.com. The company held 139,344 shares of the basic materials company after buying an additional 31,236 shares during the period. AE Wealth Management LLC’s holdings in International Paper were worth $6,431,000 when it last filed with the SEC.

Other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Banque Pictet & Cie SA increased its stake in International Paper shares by 503.3% in the 4th quarter. Banque Pictet & Cie SA now owns 41,036 shares of the basic materials company valued at $1,928,000 after purchasing an additional 34,234 shares during the period. Guggenheim Capital LLC increased its stake in shares of International Paper by 8.7% in the fourth quarter. Guggenheim Capital LLC now owns 219,302 shares of the basic materials company valued at $10,303,000 after purchasing an additional 17,559 shares during the period. Renaissance Technologies LLC bought a new position in shares of International Paper in the 4th quarter, valued at approximately $97,949,000. Bivin & Associates Inc. bought a new position in shares of International Paper in the 4th quarter, valued at approximately $30,000. Finally, Norwood Financial Corp bought a new position in shares of International Paper in the 4th quarter, valued at around $47,000. 82.69% of the shares are currently held by hedge funds and other institutional investors.

International Paper stock opened at $41.83 on Friday. International Paper has a 52-week low of $40.42 and a 52-week high of $62.70. The company has a debt ratio of 0.62, a quick ratio of 1.31 and a current ratio of 1.73. The stock has a market capitalization of $15.50 billion, a P/E ratio of 9.25 and a beta of 0.90. The stock has a 50-day simple moving average of $46.21 and a 200-day simple moving average of $46.23.

International Paper (NYSE:IP – Get Rating) last released its quarterly results on Thursday, April 28. The basic materials company reported EPS of $0.76 for the quarter, beating consensus analyst estimates of $0.52 by $0.24. The company posted revenue of $5.24 billion in the quarter, compared to $4.96 billion expected by analysts. International Paper achieved a return on equity of 17.16% and a net margin of 8.14%. International Paper’s quarterly revenue increased 14.0% year over year. In the same quarter last year, the company posted earnings per share of $0.76. Research analysts expect International Paper to post earnings per share of 4.76 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15. Shareholders of record on Friday, May 27 received a dividend of $0.4625 per share. The ex-dividend date was Thursday, May 26. This represents an annualized dividend of $1.85 and a yield of 4.42%. International Paper’s dividend payout ratio (DPR) is currently 40.93%.

In other International Paper news, SVP William Thomas Hamic sold 3,630 shares of the company in a transaction that took place on Monday, May 16. The shares were sold at an average price of $47.72, for a total transaction of $173,223.60. Following the completion of the sale, the senior vice president now directly owns 22,050 shares of the company, valued at $1,052,226. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Additionally, major shareholder Paper Co /New/ International sold 4,132,000 shares of International Paper in a transaction that took place on Thursday, April 21. The shares were sold at an average price of $34.75, for a total transaction of $143,587,000.00. Following the completion of the sale, the insider now owns 4,614,358 shares of the company, valued at $160,348,940.50. The disclosure of this sale can be found here. Insiders of the company own 0.42% of the shares of the company.

Intellectual property has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised its price target on International Paper from $47.00 to $48.00 in a Monday, April 18 report. StockNews.com upgraded International Paper from a “hold” rating to a “buy” rating in a Friday, April 29 report. Finally, Citigroup downgraded International Paper from a “buy” rating to a “neutral” rating and lowered its price target for the company from $53.00 to $46.00 in a Tuesday, June 21 report. Two investment analysts have assigned the stock a sell rating, eight have issued a hold rating and three have assigned the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.40.

International Paper Company Profile (Get a rating)

International Paper Company operates as a packaging company primarily in the United States, the Middle East, Europe, Africa, the Pacific Rim, Asia and the rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboard, including linerboard, paperboard, paperboard, recycled paperboard, recycled paper and saturating kraft.

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Want to see which other hedge funds hold IP? Visit HoldingsChannel.com for the latest 13F filings and insider trading for International Paper (NYSE:IP – Get Rating).

Institutional Ownership by Quarter for International Papers (NYSE:IP)



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