Waverton Investment Management Ltd raised its stake in International Paper Company (NYSE:IP) by 1.4% during the second quarter, Holdings Channel reports. The institutional investor owned 14,770 shares of the basic materials company’s stock after buying an additional 198 shares during the period. Waverton Investment Management Ltd’s holdings in International Paper Company were worth $836,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FNY Partners Fund LP raised its position in International Paper Company 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 buying an additional 1,250 shares during the last quarter. Hefty Wealth Partners raised its position in International Paper Company by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares during the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in International Paper Company during the first quarter valued at approximately $172,000. Parallel Advisors LLC raised its position in International Paper Company 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, Duncker Streett & Co. Inc. raised its position in International Paper Company by 9.0% in the first quarter. Duncker Streett & Co. Inc. now owns 3,630 shares of the basic materials company’s stock valued at $184,000 after buying an additional 300 shares during the last quarter. Institutional investors own 83.10% of the company’s stock.

Shares of International Paper Company (IP) opened at 58.15 on Monday. International Paper Company has a 52 week low of $43.55 and a 52 week high of $58.95. The stock has a market capitalization of $24.01 billion, a price-to-earnings ratio of 31.08 and a beta of 1.48. The stock’s 50 day moving average is $54.19 and its 200-day moving average is $53.16.

International Paper Company (NYSE:IP) last released its quarterly earnings results on Thursday, April 27th. The basic materials company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $5.51 billion during the quarter, compared to analysts’ expectations of $5.44 billion. International Paper Company had a return on equity of 30.44% and a net margin of 3.63%. The company’s revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. On average, analysts anticipate that International Paper Company will post $3.63 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Friday, August 11th. International Paper Company’s dividend payout ratio is presently 98.40%.

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Several research analysts have commented on IP shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $63.00 price objective on shares of International Paper Company in a research note on Wednesday, April 12th. Barclays PLC lifted their price objective on shares of International Paper Company from $45.00 to $48.00 and gave the stock an “underweight” rating in a research note on Monday, May 1st. Citigroup Inc. reaffirmed a “neutral” rating on shares of International Paper Company in a research note on Saturday, April 22nd. Deutsche Bank AG lifted their price objective on shares of International Paper Company from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Finally, Royal Bank Of Canada raised shares of International Paper Company from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from $50.00 to $56.00 in a research note on Wednesday, April 19th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $56.90.

International Paper Company Company 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 Company (NYSE:IP)

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