International Paper Company (IP) Stake Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its position in International Paper Company (NYSE:IP) by 49.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,909 shares of the basic materials company’s stock after selling 94,843 shares during the period. Advisors Asset Management Inc.’s holdings in International Paper were worth $5,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in International Paper in the first quarter worth approximately $7,338,000. Lynch & Associates IN lifted its holdings in shares of International Paper by 11.1% in the second quarter. Lynch & Associates IN now owns 32,905 shares of the basic materials company’s stock valued at $1,863,000 after purchasing an additional 3,294 shares in the last quarter. Dubuque Bank & Trust Co. lifted its holdings in shares of International Paper by 15.8% in the second quarter. Dubuque Bank & Trust Co. now owns 50,002 shares of the basic materials company’s stock valued at $2,831,000 after purchasing an additional 6,810 shares in the last quarter. Asset Advisors Corp lifted its holdings in shares of International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 84 shares in the last quarter. Finally, Murphy Capital Management Inc. increased its position in shares of International Paper by 59.0% during the second quarter. Murphy Capital Management Inc. now owns 69,994 shares of the basic materials company’s stock valued at $3,962,000 after acquiring an additional 25,960 shares during the last quarter. 82.58% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently commented on IP. ValuEngine downgraded International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of International Paper in a research report on Friday, August 18th. BMO Capital Markets reissued a “buy” rating on shares of International Paper in a research report on Thursday, August 17th. Barclays PLC reissued a “sell” rating and issued a $50.00 target price on shares of International Paper in a research report on Wednesday, August 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $61.73.

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International Paper Company (IP) traded up $0.73 during mid-day trading on Tuesday, hitting $54.88. The company’s stock had a trading volume of 171,410 shares, compared to its average volume of 2,345,100. International Paper Company has a 1 year low of $47.85 and a 1 year high of $58.96. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. The stock has a market cap of $22,360.00, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.47.

International Paper (NYSE:IP) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. research analysts forecast that International Paper Company will post 3.5 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.475 dividend. 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 a positive change from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio is presently 87.56%.

International Paper 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.

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

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