Atria Investments LLC increased its stake in International Paper Company (NYSE:IP) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 46,676 shares of the basic materials company’s stock after buying an additional 320 shares during the period. Atria Investments LLC’s holdings in International Paper Company were worth $2,642,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FNY Partners Fund LP raised its position in shares of International Paper Company by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Hefty Wealth Partners raised its position in shares of International Paper Company by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in shares of International Paper Company during the first quarter valued at about $172,000. Parallel Advisors LLC raised its position in shares of International Paper Company by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after buying an additional 680 shares in the last quarter. Finally, Duncker Streett & Co. Inc. raised its position in shares of International Paper Company by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 3,630 shares of the basic materials company’s stock valued at $184,000 after buying an additional 300 shares in the last quarter. 83.10% of the stock is currently owned by institutional investors and hedge funds.

International Paper Company (NYSE IP) opened at 58.15 on Monday. The stock has a market cap of $24.01 billion, a P/E ratio of 31.08 and a beta of 1.48. International Paper Company has a 1-year low of $43.55 and a 1-year high of $58.95. The stock has a 50 day moving average of $54.19 and a 200 day moving average of $53.16.

International Paper Company (NYSE:IP) last issued its quarterly earnings data on Thursday, April 27th. The basic materials company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. International Paper Company had a net margin of 3.63% and a return on equity of 30.44%. The firm had revenue of $5.51 billion for the quarter, compared to analysts’ expectations of $5.44 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts anticipate that International Paper Company will post $3.63 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, August 11th. International Paper Company’s dividend payout ratio (DPR) is presently 98.40%.

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A number of research firms have weighed in on IP. Goldman Sachs Group, Inc. (The) raised shares of International Paper Company from a “neutral” rating to a “buy” rating and raised their price objective for the company from $60.00 to $64.00 in a research note on Thursday. Royal Bank Of Canada raised shares of International Paper Company from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from $50.00 to $56.00 in a research note on Wednesday, April 19th. BidaskClub raised shares of International Paper Company from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research raised shares of International Paper Company from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Tuesday, July 11th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price objective (up from $65.00) on shares of International Paper Company in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $56.90.

International Paper Company 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 Company (NYSE:IP)

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