Woodard & Co. Asset Management Group Inc. ADV purchased a new position in International Paper Co (NYSE:IP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,934 shares of the basic materials company’s stock, valued at approximately $689,000. International Paper makes up about 0.6% of Woodard & Co. Asset Management Group Inc. ADV’s portfolio, making the stock its 25th largest holding.
Several other large investors have also bought and sold shares of IP. Calton & Associates Inc. acquired a new position in shares of International Paper during the fourth quarter worth $106,000. Rational Advisors LLC acquired a new position in shares of International Paper during the third quarter worth $108,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in shares of International Paper during the fourth quarter worth $112,000. Cerebellum GP LLC acquired a new position in shares of International Paper during the fourth quarter worth $121,000. Finally, Amica Retiree Medical Trust acquired a new position in shares of International Paper during the third quarter worth $128,000. Institutional investors and hedge funds own 82.52% of the company’s stock.
Shares of IP stock traded down $0.18 on Wednesday, reaching $53.02. 77,151 shares of the company were exchanged, compared to its average volume of 2,788,368. International Paper Co has a 52-week low of $49.60 and a 52-week high of $66.94. The stock has a market capitalization of $21,976.70, a PE ratio of 10.35, a PEG ratio of 1.19 and a beta of 1.47. The company has a current ratio of 1.62, a quick ratio of 1.17 and a debt-to-equity ratio of 1.66.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st were issued a $0.475 dividend. The ex-dividend date was Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.58%. International Paper’s payout ratio is 36.97%.
A number of equities analysts recently commented on the stock. Bank of America boosted their target price on shares of International Paper from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Barclays boosted their target price on shares of International Paper from $52.00 to $55.00 and gave the stock an “underweight” rating in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, February 6th. ValuEngine upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets downgraded shares of International Paper from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company’s stock. International Paper presently has an average rating of “Hold” and a consensus price target of $65.17.
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International Paper 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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