G&S Capital LLC acquired a new stake in International Paper Co (NYSE:IP) in the fourth quarter, Holdings Channel reports. The firm acquired 27,539 shares of the basic materials company’s stock, valued at approximately $1,596,000. International Paper makes up about 1.2% of G&S Capital LLC’s portfolio, making the stock its 26th largest holding.
Several other large investors have also recently bought and sold shares of IP. Calton & Associates Inc. purchased a new stake in International Paper in the fourth quarter valued at approximately $106,000. Rational Advisors LLC purchased a new stake in International Paper in the third quarter valued at approximately $108,000. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in International Paper in the fourth quarter valued at approximately $112,000. Cerebellum GP LLC purchased a new stake in International Paper in the fourth quarter valued at approximately $121,000. Finally, Amica Retiree Medical Trust purchased a new stake in International Paper in the third quarter valued at approximately $128,000. 82.52% of the stock is owned by institutional investors and hedge funds.
Shares of International Paper Co (NYSE:IP) opened at $54.98 on Tuesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.17 and a current ratio of 1.62. International Paper Co has a 52 week low of $49.60 and a 52 week high of $66.94. The stock has a market cap of $22,810.84, a P/E ratio of 10.70, a price-to-earnings-growth ratio of 1.21 and a beta of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be paid a dividend of $0.475 per share. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 3.46%. International Paper’s dividend payout ratio is currently 36.97%.
A number of research firms recently issued reports on IP. BMO Capital Markets downgraded shares of International Paper from an “outperform” rating to a “market perform” rating in a report on Wednesday, March 7th. Wells Fargo & Co downgraded shares of International Paper from an “outperform” rating to a “market perform” rating and set a $60.00 target price for the company. in a report on Wednesday, March 7th. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Zacks Investment Research downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Finally, DA Davidson boosted their target price on shares of International Paper to $74.00 and gave the company a “buy” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $65.17.
TRADEMARK VIOLATION NOTICE: This article was reported by Week Herald and is the sole property of of Week Herald. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://weekherald.com/2018/03/13/gs-capital-llc-takes-position-in-international-paper-co-ip.html.
About International Paper
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.
Want to see what other hedge funds are holding IP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for International Paper Co (NYSE:IP).
Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.