International Paper Company $IP Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of International Paper Company (NYSE:IP) by 4.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 76,137 shares of the basic materials company’s stock after purchasing an additional 3,255 shares during the period. Teacher Retirement System of Texas’ holdings in International Paper were worth $3,565,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rise Advisors LLC grew its position in International Paper by 281.3% in the first quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 346 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in International Paper in the first quarter worth about $34,000. AlphaQuest LLC raised its stake in shares of International Paper by 63,400.0% in the 2nd quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock worth $30,000 after buying an additional 634 shares in the last quarter. Quintet Private Bank Europe S.A. acquired a new position in shares of International Paper in the 2nd quarter worth $37,000. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of International Paper by 50.6% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 896 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 301 shares during the period. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Insiders Place Their Bets

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the sale, the senior vice president owned 27,673 shares of the company’s stock, valued at $1,259,951.69. This represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.35% of the company’s stock.

International Paper Price Performance

Shares of IP opened at $38.66 on Friday. The firm has a market capitalization of $20.41 billion, a PE ratio of -386.60, a price-to-earnings-growth ratio of 0.54 and a beta of 1.10. The company’s fifty day moving average price is $46.78 and its 200-day moving average price is $47.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. International Paper Company has a 1-year low of $37.70 and a 1-year high of $60.36.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, October 30th. The basic materials company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.53 by ($0.96). The firm had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.76 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.International Paper’s quarterly revenue was up 56.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, equities research analysts predict that International Paper Company will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Stockholders of record on Friday, November 14th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 4.8%. International Paper’s payout ratio is -70.88%.

Wall Street Analysts Forecast Growth

IP has been the topic of a number of research reports. BNP Paribas Exane reduced their target price on shares of International Paper from $42.10 to $40.40 and set an “underperform” rating on the stock in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of International Paper in a research report on Tuesday, October 14th. Stifel Nicolaus set a $57.80 price target on shares of International Paper and gave the company a “buy” rating in a research report on Friday, October 17th. Seaport Res Ptn downgraded shares of International Paper from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group decreased their price target on shares of International Paper from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Seven investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.95.

International Paper Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.