International Paper (NYSE:IP) Stock Holdings Lessened by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its stake in shares of International Paper (NYSE:IP) by 4.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,319 shares of the basic materials company’s stock after selling 5,327 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in International Paper were worth $6,745,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in International Paper during the fourth quarter valued at $26,000. Centricity Wealth Management LLC acquired a new stake in shares of International Paper during the 4th quarter valued at about $26,000. Picton Mahoney Asset Management grew its stake 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 valued at $29,000 after buying an additional 215 shares in the last quarter. Versant Capital Management Inc increased its holdings in International Paper by 313.3% in the fourth quarter. Versant Capital Management Inc now owns 591 shares of the basic materials company’s stock worth $32,000 after buying an additional 448 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in International Paper by 90.2% during the fourth quarter. Venturi Wealth Management LLC now owns 622 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 295 shares in the last quarter. 81.95% of the stock is owned by institutional investors and hedge funds.

International Paper Price Performance

NYSE IP opened at $45.83 on Monday. The stock has a market capitalization of $24.19 billion, a PE ratio of 29.19, a P/E/G ratio of 0.39 and a beta of 1.03. The stock has a 50-day simple moving average of $49.99 and a 200 day simple moving average of $53.56. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. International Paper has a twelve month low of $35.76 and a twelve month high of $60.36.

International Paper (NYSE:IP) last posted its quarterly earnings data on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.12). International Paper had a net margin of 2.99% and a return on equity of 4.75%. The business had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the prior year, the company posted $0.17 earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. Research analysts anticipate that International Paper will post 2.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Wells Fargo & Company decreased their target price on shares of International Paper from $52.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. StockNews.com cut shares of International Paper from a “buy” rating to a “hold” rating in a report on Friday, March 28th. Bank of America assumed coverage on International Paper in a report on Thursday, February 13th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. initiated coverage on International Paper in a research note on Thursday, March 20th. They set an “overweight” rating and a $59.00 price target for the company. Finally, Citigroup initiated coverage on International Paper in a research note on Wednesday, March 5th. They issued a “buy” rating and a $60.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.77.

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.