Traders Purchase High Volume of Put Options on International Paper (IP)

International Paper Co (NYSE:IP) saw unusually large options trading on Thursday. Stock traders acquired 5,475 put options on the stock. This represents an increase of 1,801% compared to the average volume of 288 put options.

Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors LLC raised its position in shares of International Paper by 0.5% during the second quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after purchasing an additional 20 shares during the period. Quadrant Capital Group LLC raised its position in shares of International Paper by 2.4% during the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 47 shares during the period. Veritable L.P. raised its position in International Paper by 0.4% in the 2nd quarter. Veritable L.P. now owns 14,704 shares of the basic materials company’s stock valued at $832,000 after buying an additional 58 shares during the last quarter. Cetera Investment Advisers raised its position in International Paper by 1.7% in the 2nd quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock valued at $351,000 after buying an additional 106 shares during the last quarter. Finally, ETRADE Capital Management LLC raised its position in International Paper by 0.4% in the 2nd quarter. ETRADE Capital Management LLC now owns 28,063 shares of the basic materials company’s stock valued at $1,589,000 after buying an additional 117 shares during the last quarter. 81.38% of the stock is currently owned by institutional investors.

Several research firms have recently weighed in on IP. BMO Capital Markets restated a “buy” rating and set a $70.00 price target on shares of International Paper in a report on Thursday, January 25th. Wells Fargo & Co restated an “outperform” rating and set a $70.00 price target (up from $65.00) on shares of International Paper in a report on Monday, January 8th. ValuEngine upgraded International Paper from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. DA Davidson upped their target price on International Paper to $74.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Bank of America upped their target price on International Paper from $66.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. International Paper presently has a consensus rating of “Buy” and a consensus target price of $66.00.

Shares of International Paper (NYSE:IP) traded up $0.35 on Wednesday, reaching $58.38. The company’s stock had a trading volume of 2,030,583 shares, compared to its average volume of 2,810,000. International Paper has a 12-month low of $49.60 and a 12-month high of $66.94. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.17 and a current ratio of 1.62. The firm has a market capitalization of $24,110.00, a price-to-earnings ratio of 11.56, a PEG ratio of 1.27 and a beta of 1.50.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, February 1st. The basic materials company reported $1.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.08. International Paper had a return on equity of 29.53% and a net margin of 9.36%. The firm had revenue of $5.71 billion for the quarter, compared to analyst estimates of $6.01 billion. During the same period in the previous year, the firm earned $0.67 earnings per share. The company’s revenue was up 14.2% compared to the same quarter last year. equities research analysts expect that International Paper will post 4.8 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date is Tuesday, February 20th. International Paper’s payout ratio is 37.62%.

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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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