CCM Investment Advisers LLC Acquires 961 Shares of Champion International Paper (IP)

CCM Investment Advisers LLC grew its holdings in Champion International Paper (NYSE:IP) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 129,035 shares of the basic materials company’s stock after acquiring an additional 961 shares during the period. CCM Investment Advisers LLC’s holdings in Champion International Paper were worth $6,894,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IP. Calton & Associates Inc. bought a new stake in shares of Champion International Paper during the 4th quarter valued at $106,000. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Champion International Paper during the 4th quarter valued at $112,000. Wagner Wealth Management LLC bought a new stake in shares of Champion International Paper during the 4th quarter valued at $112,000. Signaturefd LLC bought a new stake in shares of Champion International Paper during the 1st quarter valued at $120,000. Finally, Cerebellum GP LLC bought a new stake in shares of Champion International Paper during the 4th quarter valued at $121,000. Institutional investors and hedge funds own 81.63% of the company’s stock.

Several analysts have recently commented on the stock. BMO Capital Markets restated a “buy” rating and set a $70.00 price objective on shares of Champion International Paper in a research report on Thursday, January 25th. DA Davidson raised their target price on shares of Champion International Paper to $74.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. ValuEngine raised shares of Champion International Paper from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their target price on shares of Champion International Paper from $66.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research raised shares of Champion 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. Champion International Paper presently has an average rating of “Hold” and a consensus target price of $62.85.

Champion International Paper opened at $55.06 on Friday, according to MarketBeat. Champion International Paper has a fifty-two week low of $54.05 and a fifty-two week high of $55.62. The firm has a market cap of $22.28 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.15 and a beta of 1.52. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.63 and a quick ratio of 1.17.

Champion International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, April 26th. The basic materials company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05. Champion International Paper had a net margin of 11.57% and a return on equity of 28.21%. The business had revenue of $5.62 billion during the quarter, compared to analysts’ expectations of $5.48 billion. During the same period last year, the company posted $0.60 EPS. The business’s revenue was up 9.5% on a year-over-year basis. research analysts predict that Champion International Paper will post 4.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, May 25th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Thursday, May 24th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.45%. Champion International Paper’s payout ratio is currently 54.44%.

Champion International Paper Company Profile

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Institutional Ownership by Quarter for Champion International Paper (NYSE:IP)

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