Dimensional Fund Advisors LP lowered its position in shares of International Paper Company (NYSE:IP) by 3.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and 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 0.41% of International Paper worth $96,325,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Exencial Wealth Advisors LLC grew its stake in International Paper by 0.3% during the second quarter. Exencial Wealth Advisors LLC now owns 6,312 shares of the basic materials company’s stock valued at $357,000 after acquiring an additional 16 shares in the last quarter. Piedmont Investment Advisors LLC grew its stake in International Paper by 0.5% during the second quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock valued at $245,000 after acquiring an additional 20 shares in the last quarter. Quadrant Capital Group LLC grew its stake 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 valued at $107,000 after acquiring an additional 47 shares in the last quarter. Veritable L.P. grew its stake in International Paper by 0.4% during the second quarter. Veritable L.P. now owns 14,704 shares of the basic materials company’s stock valued at $832,000 after acquiring an additional 58 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in International Paper by 1.7% during the second quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock valued at $351,000 after acquiring an additional 106 shares in the last quarter. 81.85% of the stock is owned by institutional investors.

International Paper Company (NYSE:IP) opened at $57.97 on Thursday. 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 12 month low of $49.60 and a 12 month high of $58.96. The company has a market cap of $23,850.73, a P/E ratio of 18.88, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

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

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th were paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date was Tuesday, November 14th. This is a boost from International Paper’s previous quarterly dividend of $0.46. International Paper’s payout ratio is currently 87.56%.

Several brokerages recently commented on IP. Zacks Investment Research cut shares of International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Barclays boosted their price objective on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research note on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Monday, October 30th. Finally, Credit Suisse Group boosted their price target on shares of International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. International Paper has a consensus rating of “Hold” and an average target price of $61.73.

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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.

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

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