Atria Investments LLC grew its stake in shares of International Paper Company (NYSE:IP) by 54.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 74,536 shares of the basic materials company’s stock after purchasing an additional 26,165 shares during the quarter. Atria Investments LLC’s holdings in International Paper were worth $4,319,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IP. Quadrant Capital Group LLC boosted its stake in shares of International Paper by 2.4% during 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. Rational Advisors LLC purchased a new stake in shares of International Paper during the third quarter valued at approximately $108,000. Amica Retiree Medical Trust purchased a new stake in International Paper in the third quarter worth $128,000. Krilogy Financial LLC lifted its stake 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 worth $140,000 after acquiring an additional 210 shares during the period. Finally, Advisory Services Network LLC lifted its stake 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 worth $143,000 after acquiring an additional 1,656 shares during the period. 81.88% of the stock is owned by hedge funds and other institutional investors.

International Paper Company (NYSE IP) opened at $61.23 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $25,280.00, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47. International Paper Company has a 52-week low of $49.60 and a 52-week high of $62.44.

International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.04 by $0.04. The business 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 company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. equities research analysts forecast that International Paper Company will post 3.51 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be given a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a yield of 3.10%. The ex-dividend date is Tuesday, February 20th. International Paper’s dividend payout ratio is currently 87.56%.

A number of brokerages recently commented on IP. Stephens set a $66.00 price target 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 target (up previously from $65.00) on shares of International Paper in a research note on Monday, January 8th. KeyCorp reaffirmed 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 reaffirmed a “buy” rating and issued a $62.00 price target on shares of International Paper in a research note on Friday, November 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $63.25.

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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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