Dimensional Fund Advisors LP decreased its position in International Paper Company (NYSE:IP) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,695,253 shares of the basic materials company’s stock after selling 62,023 shares during the period. Dimensional Fund Advisors LP owned about 0.41% of International Paper worth $96,325,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in IP. Quadrant Capital Group LLC raised its position in 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 acquiring an additional 47 shares during the last quarter. Rational Advisors LLC acquired a new position in International Paper during the third quarter worth about $108,000. Ffcm LLC raised its position in International Paper by 148.0% during the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 1,242 shares during the last quarter. Amica Retiree Medical Trust acquired a new position in International Paper during the third quarter worth about $128,000. Finally, Krilogy Financial LLC raised its position in International Paper by 9.3% during the second quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 210 shares during the last quarter. Hedge funds and other institutional investors own 81.85% of the company’s stock.
International Paper Company (NYSE:IP) traded up $0.03 during trading on Friday, reaching $62.26. 2,230,000 shares of the company were exchanged, compared to its average volume of 2,120,000. International Paper Company has a 52-week low of $49.60 and a 52-week high of $62.44. The stock has a market capitalization of $25,710.00, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. 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 released its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The firm had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm earned $0.91 earnings per share. International Paper’s revenue was up 12.3% compared to the same quarter last year. analysts anticipate that International Paper Company will post 3.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 21st will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 dividend on an annualized basis and a yield of 3.05%. International Paper’s payout ratio is 87.56%.
A number of equities research analysts have recently commented on the stock. Stephens assumed coverage on shares of International Paper in a report on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 price target for the company. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a report on Tuesday, January 2nd. Zacks Investment Research downgraded shares of International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. KeyCorp reiterated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. Finally, BMO Capital Markets reiterated a “buy” rating and set a $62.00 price target on shares of International Paper in a report on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $63.25.
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About International Paper
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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