WINTON GROUP Ltd decreased its position in International Paper Company (NYSE:IP) by 42.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,775 shares of the basic materials company’s stock after selling 6,548 shares during the quarter. WINTON GROUP Ltd’s holdings in International Paper were worth $499,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. raised its position in shares of International Paper by 21.7% during the second quarter. Oppenheimer & Co. Inc. now owns 51,063 shares of the basic materials company’s stock worth $2,891,000 after purchasing an additional 9,093 shares during the period. FMR LLC raised its position in shares of International Paper by 9.9% during the second quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock worth $20,356,000 after purchasing an additional 32,461 shares during the period. Burney Co. raised its position in shares of International Paper by 4.5% during the second quarter. Burney Co. now owns 101,543 shares of the basic materials company’s stock worth $5,654,000 after purchasing an additional 4,374 shares during the period. Homrich & Berg acquired a new stake in shares of International Paper during the second quarter worth $337,000. Finally, Cipher Capital LP acquired a new stake in shares of International Paper during the second quarter worth $2,703,000. Institutional investors and hedge funds own 81.98% of the company’s stock.
International Paper Company (NYSE:IP) traded up $0.11 during trading hours on Friday, reaching $56.91. The company had a trading volume of 1,294,082 shares, compared to its average volume of 1,763,016. The firm has a market capitalization of $23,454.32, a price-to-earnings ratio of 18.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.45. International Paper Company has a 52-week low of $49.60 and a 52-week high of $58.96. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31.
International Paper (NYSE:IP) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. International Paper’s quarterly revenue was up 12.3% on a year-over-year basis. sell-side analysts anticipate that International Paper Company will post 3.51 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.475 dividend. This is a positive change from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s dividend payout ratio is presently 87.56%.
A number of equities research analysts have recently issued reports on IP shares. Credit Suisse Group boosted their target price on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. ValuEngine lowered International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Royal Bank Of Canada reissued a “buy” rating and set a $65.00 price target on shares of International Paper in a research report on Monday, October 23rd. DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and upped their price target for the company from $53.75 to $62.00 in a research report on Monday, August 14th. Finally, Deutsche Bank reissued a “hold” rating and set a $56.00 price target (up from $54.00) on shares of International Paper in a research report on Monday, October 9th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $61.73.
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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.
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