International Paper Company (IP) Holdings Trimmed by BTC Capital Management Inc.
BTC Capital Management Inc. reduced its stake in shares of International Paper Company (NYSE:IP) by 7.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,815 shares of the basic materials company’s stock after selling 3,001 shares during the quarter. BTC Capital Management Inc.’s holdings in International Paper were worth $2,206,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of IP. Quadrant Capital Group LLC grew 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 buying an additional 47 shares during the period. Ffcm LLC grew 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 buying an additional 1,242 shares during the period. Asset Advisors Corp grew its position in International Paper by 3.6% during the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after buying an additional 84 shares during the period. Krilogy Financial LLC grew 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 buying an additional 210 shares during the period. Finally, Advisory Services Network LLC grew its position in International Paper by 188.8% during the second quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock worth $143,000 after buying an additional 1,656 shares during the period. Institutional investors own 82.63% of the company’s stock.
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Shares of International Paper Company (NYSE:IP) traded down $0.08 on Monday, hitting $54.85. 1,785,400 shares of the company traded hands, compared to its average volume of 2,361,042. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $22,480.00, a P/E ratio of 17.92, a price-to-earnings-growth ratio of 1.65 and a beta of 1.47. International Paper Company has a fifty-two week low of $45.19 and a fifty-two week high of $58.96.
International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 earnings per share. equities research analysts expect that International Paper Company will post 3.5 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.475 per share. This is an increase from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.90 annualized dividend and a dividend yield of 3.46%. International Paper’s dividend payout ratio is presently 85.25%.
Several research analysts have weighed in on the stock. BidaskClub lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. DA Davidson upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the stock from $53.75 to $62.00 in a research report on Monday, August 14th. Deutsche Bank AG restated a “hold” rating and set a $56.00 target price (up from $54.00) on shares of International Paper in a research report on Monday, October 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of International Paper in a research report on Monday, August 21st. Finally, Barclays PLC reiterated a “sell” rating and issued a $50.00 price target on shares of International Paper in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. International Paper has a consensus rating of “Hold” and an average price target of $61.73.
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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