Arvest Bank Trust Division Invests $2.26 Million in International Paper (NYSE:IP)

Arvest Bank Trust Division purchased a new stake in shares of International Paper (NYSE:IP) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 42,004 shares of the basic materials company’s stock, valued at approximately $2,261,000.

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 position in International Paper during the 4th quarter valued at $26,000. Centricity Wealth Management LLC bought a new position in shares of International Paper during the fourth quarter valued at approximately $26,000. Picton Mahoney Asset Management raised its position in shares of 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 acquiring an additional 215 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of International Paper by 313.3% during the fourth 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 during the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in International Paper by 90.2% in the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 295 shares during the last quarter. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Stock Down 1.1 %

NYSE:IP opened at $46.36 on Thursday. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The stock’s fifty day moving average is $52.26 and its two-hundred day moving average is $53.61. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 0.39 and a beta of 0.99.

International Paper (NYSE:IP) last released its earnings results on Thursday, January 30th. The basic materials company reported ($0.02) earnings per share (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%. Research analysts anticipate that International Paper will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, February 24th were paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Monday, February 24th. International Paper’s dividend payout ratio is presently 117.83%.

Wall Street Analysts Forecast Growth

IP has been the subject of a number of recent analyst reports. Citigroup initiated coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 target price for the company. Bank of America initiated coverage on shares of International Paper in a report 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 research note on Friday, March 28th. Royal Bank of Canada restated an “outperform” rating and issued a $64.00 target price on shares of International Paper in a research report on Wednesday, March 26th. Finally, Wells Fargo & Company reduced their price objective on International Paper from $52.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $55.32.

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.