Chevy Chase Trust Holdings Inc. raised its stake in International Paper Company (NYSE:IP) by 1.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 362,023 shares of the basic materials company’s stock after acquiring an additional 5,623 shares during the period. Chevy Chase Trust Holdings Inc. owned approximately 0.09% of International Paper worth $20,570,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mastrapasqua Asset Management Inc. increased its holdings in shares of International Paper by 60.8% in the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 8,785 shares of the basic materials company’s stock worth $499,000 after buying an additional 3,320 shares during the last quarter. CLS Investments LLC increased its holdings in shares of International Paper by 4.0% in the 3rd quarter. CLS Investments LLC now owns 30,281 shares of the basic materials company’s stock worth $1,721,000 after buying an additional 1,163 shares during the last quarter. Cohen & Steers Inc. bought a new stake in shares of International Paper in the 3rd quarter worth about $4,866,000. First Republic Investment Management Inc. increased its holdings in shares of International Paper by 10.2% in the 3rd quarter. First Republic Investment Management Inc. now owns 12,080 shares of the basic materials company’s stock worth $687,000 after buying an additional 1,117 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of International Paper by 33.5% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 295,437 shares of the basic materials company’s stock worth $16,787,000 after buying an additional 74,099 shares during the last quarter. Institutional investors own 81.98% of the company’s stock.

A number of research firms have recently weighed in on IP. Jefferies Group restated a “buy” rating and issued a $66.00 target price on shares of International Paper in a report on Friday, August 18th. BMO Capital Markets reaffirmed a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. Zacks Investment Research cut shares of International Paper from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Thursday, October 12th. Finally, Stephens assumed coverage on shares of International Paper in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.73.

International Paper Company (NYSE:IP) traded up $0.29 during trading on Monday, reaching $57.20. 444,818 shares of the company’s stock traded hands, compared to its average volume of 2,318,496. The stock has a market cap of $23,499.74, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.71 and a beta of 1.45. 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 Company has a 12 month low of $49.60 and a 12 month high of $58.96.

International Paper (NYSE:IP) last released its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. research analysts predict that International Paper Company will post 3.51 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.32%. This is a boost from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s payout ratio is 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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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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