Clear Perspective Advisors LLC Has $251,000 Stake in International Paper Company (IP)
Clear Perspective Advisors LLC held its stake in International Paper Company (NYSE:IP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,435 shares of the basic materials company’s stock at the end of the 2nd quarter. Clear Perspective Advisors LLC’s holdings in International Paper were worth $251,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. FNY Partners Fund LP increased its stake in International Paper 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 purchasing an additional 1,250 shares during the period. Ffcm LLC raised its holdings in shares of 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 buying an additional 1,242 shares during the last quarter. Asset Advisors Corp raised its holdings in shares of 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 buying an additional 84 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of International Paper 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 during the last quarter. Finally, Hefty Wealth Partners raised its holdings in shares of International Paper by 1.7% in the second quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock valued at $182,000 after buying an additional 55 shares during the last quarter. 83.07% of the stock is currently owned by institutional investors.
A number of equities analysts recently issued reports on IP shares. KeyCorp reissued a “hold” rating on shares of International Paper in a report on Thursday, July 27th. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $53.75 to $62.00 in a research report on Monday, August 14th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of International Paper in a research report on Monday, August 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $60.07.
International Paper Company (NYSE:IP) traded up 0.49% on Wednesday, reaching $57.67. The company’s stock had a trading volume of 463,586 shares. The firm has a market capitalization of $23.81 billion, a P/E ratio of 29.29 and a beta of 1.46. International Paper Company has a 52-week low of $43.55 and a 52-week high of $58.95. The firm has a 50-day moving average price of $55.35 and a 200 day moving average price of $54.24.
International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The business had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. Equities analysts anticipate that International Paper Company will post $3.45 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Tuesday, August 15th were given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, August 11th. International Paper’s dividend payout ratio is currently 93.91%.
In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of International Paper stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.63% of the stock is owned by company insiders.
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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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