Swiss National Bank increased its holdings in International Paper Company (NYSE:IP) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,446,018 shares of the company’s stock after buying an additional 18,500 shares during the period. Swiss National Bank owned about 350,193.26% of International Paper worth $82,163,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. purchased a new stake in shares of International Paper in the 2nd quarter worth about $424,000. IHT Wealth Management LLC boosted its position in shares of International Paper by 26.8% in the 2nd quarter. IHT Wealth Management LLC now owns 1,310 shares of the company’s stock worth $650,000 after buying an additional 277 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the company’s stock worth $107,000 after buying an additional 47 shares in the last quarter. Ffcm LLC boosted its position in shares of International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the company’s stock worth $119,000 after buying an additional 1,242 shares in the last quarter. Finally, Asset Advisors Corp lifted its holdings in International Paper by 3.6% in the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the company’s stock valued at $136,000 after purchasing an additional 84 shares in the last quarter. Institutional investors and hedge funds own 83.30% of the company’s stock.
International Paper Company (NYSE IP) opened at C$54.85 on Friday. The firm has a market cap of $22,649.10, a PE ratio of 17.92, a PEG ratio of 1.65 and a beta of 1.46. International Paper Company has a 1-year low of C$45.19 and a 1-year high of C$58.96. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31.
International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The company reported C$1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.04 by C$0.04. The business had revenue of C$5.91 billion for the quarter, compared to analyst estimates of C$5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The company’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 EPS. research analysts anticipate that International Paper Company will post 3.5 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio is 85.25%.
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IP has been the topic of a number of recent research reports. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of International Paper in a report on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price on shares of International Paper in a report on Friday, August 18th. BMO Capital Markets restated a “buy” rating on shares of International Paper in a report on Thursday, August 17th. DA Davidson upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.75 to $62.00 in a report on Monday, August 14th. Finally, Vertical Research restated a “buy” rating on shares of International Paper in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$61.73.
International Paper Company Profile
International Paper Company 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’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.
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