Quantbot Technologies LP bought a new stake in International Paper Company (NYSE:IP) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 48,647 shares of the basic materials company’s stock, valued at approximately $2,764,000.
Other large investors also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in 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 valued at $107,000 after purchasing an additional 47 shares during the period. Ffcm LLC boosted its holdings in International Paper by 148.0% in the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 1,242 shares during the period. Asset Advisors Corp boosted its holdings in International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after purchasing an additional 84 shares during the period. Krilogy Financial LLC boosted its holdings in International Paper by 9.3% in the second quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 210 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in International Paper by 188.8% in the second quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock valued at $143,000 after purchasing an additional 1,656 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.
IP has been the topic of a number of analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $65.00 price target on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price target on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets restated a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. DA Davidson upgraded International Paper from a “neutral” rating to a “buy” rating and raised their price target for the company from $53.75 to $62.00 in a research note on Monday, August 14th. Finally, Vertical Research restated a “buy” rating on shares of International Paper in a research note on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $61.73.
Shares of International Paper Company (IP) traded up $0.18 during mid-day trading on Friday, reaching $54.07. The company had a trading volume of 1,982,700 shares, compared to its average volume of 2,355,175. The firm has a market cap of $22,330.00, a PE ratio of 17.61, a PEG ratio of 1.62 and a beta of 1.47. International Paper Company has a 1 year low of $47.72 and a 1 year high of $58.96. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.
International Paper (NYSE:IP) last issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. equities research analysts predict that International Paper Company will post 3.5 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a positive change from International Paper’s previous quarterly dividend of $0.46. International Paper’s payout ratio is currently 87.56%.
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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.
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