Mastrapasqua Asset Management Inc. grew its stake in shares of International Paper Company (NYSE:IP) by 60.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,785 shares of the basic materials company’s stock after purchasing an additional 3,320 shares during the quarter. Mastrapasqua Asset Management Inc.’s holdings in International Paper were worth $499,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IP. BlackRock Inc. lifted its position in International Paper by 4.4% in the second quarter. BlackRock Inc. now owns 38,831,623 shares of the basic materials company’s stock worth $2,198,257,000 after purchasing an additional 1,648,915 shares during the period. Iridian Asset Management LLC CT lifted its position in International Paper by 42.6% in the second quarter. Iridian Asset Management LLC CT now owns 5,342,050 shares of the basic materials company’s stock worth $302,413,000 after purchasing an additional 1,596,230 shares during the period. First Eagle Investment Management LLC lifted its position in International Paper by 114.8% in the second quarter. First Eagle Investment Management LLC now owns 2,162,979 shares of the basic materials company’s stock worth $122,446,000 after purchasing an additional 1,156,003 shares during the period. Parametric Portfolio Associates LLC lifted its position in International Paper by 103.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,916,057 shares of the basic materials company’s stock worth $108,468,000 after purchasing an additional 976,180 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in International Paper by 18.0% in the second quarter. Ameriprise Financial Inc. now owns 6,335,943 shares of the basic materials company’s stock worth $359,118,000 after purchasing an additional 966,103 shares during the period. 81.98% of the stock is owned by institutional investors and hedge funds.

IP has been the subject of a number of research analyst reports. DA Davidson upgraded 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. BMO Capital Markets restated a “buy” rating on shares of International Paper in a research report on Thursday, August 17th. Jefferies Group restated a “buy” rating and issued a $66.00 target price on shares of International Paper in a research report on Friday, August 18th. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of International Paper in a research report on Monday, August 21st. Finally, Zacks Investment Research downgraded International Paper from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.73.

Shares of International Paper Company (NYSE IP) opened at $56.80 on Friday. International Paper Company has a 52-week low of $49.60 and a 52-week high of $58.96. The company has a market capitalization of $23,454.32, a price-to-earnings ratio of 18.56, a PEG ratio of 1.70 and a beta of 1.45. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.97 and a current ratio of 1.48.

International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same quarter in the prior year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 12.3% compared to the same quarter last year. sell-side analysts forecast that International Paper Company will post 3.51 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th 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 3.35%. The ex-dividend date is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio is 87.56%.

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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.

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

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