AMP Capital Investors Ltd Has $8.95 Million Position in International Paper Company (IP)
AMP Capital Investors Ltd trimmed its position in International Paper Company (NYSE:IP) by 9.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,594 shares of the basic materials company’s stock after selling 17,384 shares during the quarter. AMP Capital Investors Ltd’s holdings in International Paper were worth $8,954,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in IP. Quadrant Capital Group LLC boosted its stake in International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 47 shares during the period. Rational Advisors LLC bought a new position in International Paper in the 3rd quarter worth approximately $108,000. Ffcm LLC boosted its stake in International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 1,242 shares during the period. Amica Retiree Medical Trust bought a new position in International Paper in the 3rd quarter worth approximately $128,000. Finally, Krilogy Financial LLC boosted its stake in International Paper by 9.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 210 shares during the period. 81.98% of the stock is owned by institutional investors.
A number of research firms have recently commented on IP. Deutsche Bank reiterated a “hold” rating and set a $56.00 target price (up from $54.00) on shares of International Paper in a research report on Monday, October 9th. Royal Bank of Canada reiterated a “buy” rating and set a $65.00 target price on shares of International Paper in a research report on Monday, October 23rd. BMO Capital Markets reiterated a “buy” rating on shares of International Paper in a research report on Thursday, August 17th. Barclays increased their target price on International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. International Paper currently has an average rating of “Hold” and an average target price of $61.73.
Shares of International Paper Company (NYSE IP) traded down $0.69 on Wednesday, reaching $56.63. The company had a trading volume of 2,582,400 shares, compared to its average volume of 2,320,917. The company has a market capitalization of $23,669.04, a P/E ratio of 18.73, a PEG ratio of 1.72 and a beta of 1.45. International Paper Company has a 12 month low of $49.60 and a 12 month high of $58.96. 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 issued its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. International Paper’s revenue was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.91 earnings per share. sell-side analysts anticipate that International Paper Company will post 3.51 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.475 dividend. The ex-dividend date is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a yield of 3.36%. International Paper’s dividend payout ratio (DPR) is currently 87.56%.
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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