GSA Capital Partners LLP purchased a new position in International Paper Company (NYSE:IP) during the third quarter, Holdings Channel reports. The fund purchased 5,350 shares of the basic materials company’s stock, valued at approximately $304,000.

Other institutional investors also recently made changes to their positions in the company. FMR LLC increased its stake in International Paper by 9.9% in the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock worth $20,356,000 after purchasing an additional 32,461 shares during the period. Oppenheimer & Co. Inc. increased its stake in International Paper by 16.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock worth $3,385,000 after purchasing an additional 8,505 shares during the period. BlackRock Inc. increased its stake in International Paper by 4.4% in the 2nd quarter. BlackRock Inc. now owns 38,831,623 shares of the basic materials company’s stock worth $2,198,257,000 after purchasing an additional 1,648,915 shares during the period. Fox Run Management L.L.C. increased its stake in International Paper by 22.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock worth $972,000 after purchasing an additional 3,100 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in International Paper by 19.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 136,023 shares of the basic materials company’s stock worth $7,729,000 after purchasing an additional 22,029 shares during the period. 81.85% of the stock is currently owned by institutional investors and hedge funds.

International Paper Company (NYSE IP) opened at $61.49 on Wednesday. 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 $62.44. The stock has a market capitalization of $25,390.00, a P/E ratio of 28.34, a PEG ratio of 1.45 and a beta of 1.47.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors 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 dividend yield of 3.09%. International Paper’s dividend payout ratio is presently 87.56%.

IP has been the topic of a number of analyst reports. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research note on Tuesday, January 2nd. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. BMO Capital Markets reissued a “buy” rating and set a $62.00 target price on shares of International Paper in a research note on Friday, November 24th. Royal Bank of Canada reissued a “buy” rating and set a $65.00 target price on shares of International Paper in a research note on Monday, October 23rd. Finally, Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a research note on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. International Paper has an average rating of “Hold” and a consensus target price of $62.75.

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International Paper 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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