Charles Schwab Investment Management Inc. Sells 16,804 Shares of International Paper (NYSE:IP)

Charles Schwab Investment Management Inc. lowered its holdings in International Paper (NYSE:IP) by 0.5% in the 4th quarter, HoldingsChannel reports. The firm owned 3,562,875 shares of the basic materials company’s stock after selling 16,804 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in International Paper were worth $191,754,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Sierra Ocean LLC purchased a new position in International Paper during the fourth quarter valued at approximately $26,000. Centricity Wealth Management LLC bought a new stake in International Paper during the 4th quarter valued at $26,000. Brooklyn Investment Group purchased a new position in shares of International Paper in the 3rd quarter valued at $25,000. Legacy Investment Solutions LLC bought a new position in shares of International Paper in the 3rd quarter worth $28,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of International Paper during the 3rd quarter worth $28,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Trading Down 1.4 %

NYSE:IP opened at $51.79 on Friday. The company has a market capitalization of $27.25 billion, a P/E ratio of 32.99, a PEG ratio of 0.39 and a beta of 1.02. The company has a current ratio of 1.49, a quick ratio of 1.08 and a debt-to-equity ratio of 0.66. International Paper has a 12 month low of $33.16 and a 12 month high of $60.36. The firm has a fifty day simple moving average of $55.53 and a 200-day simple moving average of $53.19.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a return on equity of 4.75% and a net margin of 2.99%. On average, equities research analysts anticipate that International Paper will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a $0.4625 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.57%. International Paper’s dividend payout ratio is currently 117.83%.

Wall Street Analyst Weigh In

IP has been the subject of a number of recent research reports. Citigroup began coverage on shares of International Paper in a report on Wednesday. They issued a “buy” rating and a $60.00 target price for the company. Bank of America assumed coverage on shares of International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. 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 Friday, January 31st. BNP Paribas downgraded International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 price target on the stock. in a research report on Wednesday, November 13th. Finally, Truist Financial reissued a “buy” rating and issued a $64.00 price objective (down previously from $65.00) on shares of International Paper in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, International Paper currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.86.

International Paper 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.