A number of other large investors have also recently added to or reduced their stakes in the company. Financial Architects Inc increased its stake in International Paper Company by 346.6% in the third quarter. Financial Architects Inc now owns 2,577 shares of the company’s stock worth $124,000 after buying an additional 2,000 shares during the period. NEXT Financial Group Inc increased its stake in International Paper Company by 109.0% in the third quarter. NEXT Financial Group Inc now owns 2,690 shares of the company’s stock worth $129,000 after buying an additional 1,403 shares during the period. BKS Advisors LLC purchased a new stake in International Paper Company during the third quarter worth $131,000. Patten & Patten Inc. TN purchased a new stake in International Paper Company during the third quarter worth $202,000. Finally, Vaughan David Investments Inc. IL purchased a new stake in International Paper Company during the third quarter worth $203,000. 82.62% of the stock is currently owned by institutional investors and hedge funds.
Sawtooth Solutions LLC decreased its position in International Paper Company (NYSE:IP) by 39.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,556 shares of the company’s stock after selling 8,311 shares during the period. Sawtooth Solutions LLC’s holdings in International Paper Company were worth $602,000 as of its most recent SEC filing.
International Paper Company (NYSE:IP) opened at 52.4275 on Monday. The company has a market cap of $21.56 billion, a PE ratio of 24.0714 and a beta of 1.58. International Paper Company has a 52-week low of $33.43 and a 52-week high of $58.86. The company has a 50-day moving average of $54.10 and a 200 day moving average of $49.43.
International Paper Company (NYSE:IP) last announced its earnings results on Thursday, February 2nd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.02. International Paper Company had a net margin of 4.29% and a return on equity of 32.96%. The firm had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the business posted $0.87 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts predict that International Paper Company will post $3.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.4625 per share. The ex-dividend date is Monday, February 13th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.50%. International Paper Company’s payout ratio is presently 84.47%.
A number of research analysts have commented on IP shares. TheStreet upgraded shares of International Paper Company to a “buy” rating in a research note on Thursday, December 1st. Barclays PLC cut shares of International Paper Company from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $50.00 to $45.00 in a research note on Monday, February 6th. Zacks Investment Research cut shares of International Paper Company from a “buy” rating to a “hold” rating in a research note on Wednesday, January 11th. Jefferies Group LLC upgraded shares of International Paper Company from a “hold” rating to a “buy” rating and raised their price target for the stock from $55.00 to $65.00 in a research note on Friday, January 20th. Finally, BMO Capital Markets upgraded shares of International Paper Company from a “market perform” rating to an “outperform” rating and set a $62.00 price target for the company in a research note on Wednesday, January 25th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $52.89.
In related news, insider Thomas G. Kadien sold 10,000 shares of the stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $53.33, for a total transaction of $533,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Tommy S. Joseph sold 11,700 shares of the stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $48.88, for a total transaction of $571,896.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,717 shares of company stock worth $1,802,176. Company insiders own 0.64% of the company’s stock.
International Paper Company Company Profile
International Paper Company (International Paper) 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 operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging.
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