Shelton Capital Management Acquires New Holdings in International Paper Company (IP)

Shelton Capital Management acquired a new position in International Paper Company (NYSE:IP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,475 shares of the basic materials company’s stock, valued at approximately $253,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IP. FNY Partners Fund LP increased its stake in shares of International Paper by 166.7% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 1,250 shares in the last quarter. Ffcm LLC increased its stake in shares of International Paper by 148.0% during the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 1,242 shares in the last quarter. Asset Advisors Corp increased its stake in shares of International Paper by 3.6% during 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. Parallel Advisors LLC increased its stake in shares of International Paper by 24.8% during the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 680 shares in the last quarter. Finally, Hefty Wealth Partners increased its stake in shares of International Paper by 1.7% during the second quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

A number of brokerages have weighed in on IP. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of International Paper in a research note on Friday, July 14th. Vertical Research reaffirmed a “buy” rating on shares of International Paper in a research note on Friday, July 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.27.

ILLEGAL ACTIVITY WARNING: “Shelton Capital Management Acquires New Holdings in International Paper Company (IP)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/shelton-capital-management-acquires-new-holdings-in-international-paper-company-ip.html.

Shares of International Paper Company (NYSE IP) opened at 57.72 on Tuesday. The company’s 50 day moving average is $56.23 and its 200 day moving average is $54.61. International Paper Company has a 12 month low of $43.55 and a 12 month high of $58.95. The company has a market cap of $23.83 billion, a P/E ratio of 29.31 and a beta of 1.46.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the business posted $0.92 EPS. International Paper’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that International Paper Company will post $3.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, Decem

A number of other institutional investors and hedge funds also recently modified their holdings of IP. FNY Partners Fund LP increased its stake in shares of International Paper by 166.7% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 1,250 shares in the last quarter. Ffcm LLC increased its stake in shares of International Paper by 148.0% during the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 1,242 shares in the last quarter. Asset Advisors Corp increased its stake in shares of International Paper by 3.6% during 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. Parallel Advisors LLC increased its stake in shares of International Paper by 24.8% during the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 680 shares in the last quarter. Finally, Hefty Wealth Partners increased its stake in shares of International Paper by 1.7% during the second quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 55 shares in the last quarter. Institutional investors and hedge funds own 83.00% of the company’s stock.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.63% of the company’s stock.

A number of brokerages have weighed in on IP. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and set a $66.00 target price (up previously from $65.00) on shares of International Paper in a research note on Friday, July 14th. Vertical Research reaffirmed a “buy” rating on shares of International Paper in a research note on Friday, July 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $60.27.

ILLEGAL ACTIVITY WARNING: “Shelton Capital Management Acquires New Holdings in International Paper Company (IP)” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/17/shelton-capital-management-acquires-new-holdings-in-international-paper-company-ip.html.

Shares of International Paper Company (NYSE IP) opened at 57.72 on Tuesday. The company’s 50 day moving average is $56.23 and its 200 day moving average is $54.61. International Paper Company has a 12 month low of $43.55 and a 12 month high of $58.95. The company has a market cap of $23.83 billion, a P/E ratio of 29.31 and a beta of 1.46.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the business posted $0.92 EPS. International Paper’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that International Paper Company will post $3.46 EPS for the current fiscal year.

The business 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 dividend of $0.475 per share. This is a positive change from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, November 14th. This represents a $1.90 dividend on an annualized basis and a yield of 3.29%. International Paper’s dividend payout ratio is presently 93.91%.

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

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