Stephens Inc. AR Grows Holdings in International Paper Company (IP)
Stephens Inc. AR raised its position in shares of International Paper Company (NYSE:IP) by 10.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,146 shares of the basic materials company’s stock after purchasing an additional 6,362 shares during the period. Stephens Inc. AR’s holdings in International Paper were worth $3,702,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IP. Oppenheimer & Co. Inc. grew its stake in shares of International Paper by 21.7% during the second quarter. Oppenheimer & Co. Inc. now owns 51,063 shares of the basic materials company’s stock valued at $2,891,000 after buying an additional 9,093 shares during the last quarter. FMR LLC grew its stake in shares of International Paper by 9.9% during the second quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after buying an additional 32,461 shares during the last quarter. Burney Co. grew its stake in shares of International Paper by 4.5% during the second quarter. Burney Co. now owns 101,543 shares of the basic materials company’s stock valued at $5,654,000 after buying an additional 4,374 shares during the last quarter. Homrich & Berg bought a new position in shares of International Paper during the second quarter valued at about $337,000. Finally, Cipher Capital LP bought a new position in shares of International Paper during the second quarter valued at about $2,703,000. Institutional investors and hedge funds own 82.58% of the company’s stock.
International Paper Company (NYSE:IP) traded up $0.14 during mid-day trading on Monday, hitting $54.21. 1,249,600 shares of the stock traded hands, compared to its average volume of 2,350,217. International Paper Company has a 1 year low of $47.85 and a 1 year high of $58.96. The stock has a market capitalization of $22,384.84, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31.
International Paper (NYSE:IP) last released 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 net margin of 4.00% and a return on equity of 27.56%. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. During the same period last year, the business earned $0.91 earnings per share. The business’s revenue was up 12.3% on a year-over-year basis. analysts forecast that International Paper Company will post 3.5 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.475 per share. This represents a $1.90 annualized dividend and a dividend yield of 3.50%. This is a positive change from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s dividend payout ratio (DPR) is presently 87.56%.
IP has been the topic of several recent analyst reports. ValuEngine cut International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday, November 15th. Jefferies Group LLC reissued a “buy” rating and issued a $66.00 target price on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets reissued a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. Barclays PLC reaffirmed a “sell” rating and set a $50.00 price objective on shares of International Paper in a research report on Wednesday, August 2nd. Finally, KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $61.73.
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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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