Bank of Montreal Can lifted its holdings in International Paper Company (NYSE:IP) by 8.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,463,307 shares of the basic materials company’s stock after acquiring an additional 113,652 shares during the period. Bank of Montreal Can’s holdings in International Paper were worth $84,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Piedmont Investment Advisors LLC boosted its stake in shares of International Paper by 0.5% in the second quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 20 shares during the period. Quadrant Capital Group LLC boosted 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 acquiring an additional 47 shares during the period. Veritable L.P. boosted its stake in shares of International Paper by 0.4% in the second quarter. Veritable L.P. now owns 14,704 shares of the basic materials company’s stock worth $832,000 after acquiring an additional 58 shares during the period. Cetera Investment Advisers boosted its stake in shares of International Paper by 1.7% in the second quarter. Cetera Investment Advisers now owns 6,212 shares of the basic materials company’s stock worth $351,000 after acquiring an additional 106 shares during the period. Finally, ETRADE Capital Management LLC boosted its stake in shares of International Paper by 0.4% in the second quarter. ETRADE Capital Management LLC now owns 28,063 shares of the basic materials company’s stock worth $1,589,000 after acquiring an additional 117 shares during the period. 81.88% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the company. Stephens set a $66.00 price objective on International Paper and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $70.00 price objective (up previously from $65.00) on shares of International Paper in a research note on Monday, January 8th. KeyCorp reissued a “hold” rating on shares of International Paper in a research note on Tuesday, January 2nd. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets reissued a “buy” rating and set a $62.00 price target on shares of International Paper in a research note on Friday, November 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $63.25.

International Paper Company (IP) opened at $62.62 on Friday. International Paper Company has a one year low of $49.60 and a one year high of $62.82. The company has a market capitalization of $25,860.00, a P/E ratio of 28.86, a P/E/G ratio of 1.43 and a beta of 1.47. 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 results 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. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.91 earnings per share. equities analysts anticipate that International Paper Company will post 3.51 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 21st will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s 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.

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

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