International Paper Company (IP) Shares Bought by Trust Co. of Vermont

Trust Co. of Vermont increased its position in shares of International Paper Company (NYSE:IP) by 65.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,492 shares of the basic materials company’s stock after buying an additional 5,313 shares during the period. Trust Co. of Vermont’s holdings in International Paper were worth $763,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in IP. BlackRock Inc. increased its stake in shares of International Paper by 3,397.1% in the first quarter. BlackRock Inc. now owns 37,182,708 shares of the basic materials company’s stock worth $1,888,138,000 after buying an additional 36,119,474 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of International Paper by 29.5% in the first quarter. Wellington Management Group LLP now owns 36,352,239 shares of the basic materials company’s stock worth $1,845,965,000 after buying an additional 8,273,552 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of International Paper by 62.9% in the first quarter. Bank of New York Mellon Corp now owns 6,389,395 shares of the basic materials company’s stock worth $324,455,000 after buying an additional 2,466,074 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in shares of International Paper by 149.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,745,820 shares of the basic materials company’s stock worth $190,213,000 after buying an additional 2,243,965 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of International Paper by 64.2% in the first quarter. Ameriprise Financial Inc. now owns 5,369,840 shares of the basic materials company’s stock worth $271,771,000 after buying an additional 2,098,824 shares during the last quarter. Hedge funds and other institutional investors own 83.08% of the company’s stock.

International Paper Company (NYSE IP) opened at 54.74 on Friday. International Paper Company has a 12-month low of $43.55 and a 12-month high of $58.95. The company has a 50-day moving average price of $56.61 and a 200-day moving average price of $53.65. The firm has a market cap of $22.60 billion, a P/E ratio of 29.26 and a beta of 1.48.

International Paper (NYSE:IP) last released its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The business had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $0.92 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, analysts predict that International Paper Company will post $3.60 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date is Friday, August 11th. International Paper’s dividend payout ratio is currently 93.91%.

A number of analysts have commented on the stock. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Thursday. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of International Paper in a research note on Wednesday, April 12th. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. reaffirmed a “neutral” rating on shares of International Paper in a research note on Saturday, April 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $56.90.

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.