Rational Advisors LLC Takes $108,000 Position in International Paper Company (IP)
Rational Advisors LLC acquired a new stake in International Paper Company (NYSE:IP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,900 shares of the basic materials company’s stock, valued at approximately $108,000.
Other large investors have also made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new position in International Paper during the 2nd quarter worth approximately $424,000. IHT Wealth Management LLC raised its stake in International Paper by 26.8% during the 2nd quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock worth $650,000 after buying an additional 277 shares during the period. Quadrant Capital Group LLC raised its stake in shares of International Paper by 2.4% in 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 last quarter. Ffcm LLC raised its stake in shares of International Paper by 148.0% in the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Asset Advisors Corp raised its stake in shares of International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 84 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors.
Shares of International Paper Company (IP) traded up $0.56 during mid-day trading on Wednesday, hitting $54.71. The company had a trading volume of 2,018,600 shares, compared to its average volume of 2,343,649. 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 Company has a one year low of $48.33 and a one year high of $58.96. The stock has a market capitalization of $22,360.06, a P/E ratio of 17.70, a PEG ratio of 1.63 and a beta of 1.46.
International Paper (NYSE:IP) last released its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter last year, the business posted $0.91 earnings per share. The company’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts predict that International Paper Company will post 3.5 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given 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 dividend on an annualized basis and a yield of 3.47%. International Paper’s dividend payout ratio (DPR) is presently 87.56%.
Several brokerages have recently commented on IP. Stephens began coverage on International Paper in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 price objective for the company. Royal Bank Of Canada reissued a “buy” rating and issued a $65.00 price objective on shares of International Paper in a research note on Monday, October 23rd. Credit Suisse Group upped their target price on International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a report on Monday, October 30th. Finally, Barclays PLC upped their target price on International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a report on Monday, October 30th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company. International Paper presently has an average rating of “Hold” and a consensus price target of $61.73.
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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