Bradley Foster & Sargent Inc. CT raised its stake in International Paper (NYSE: IP – Get Rating) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,101 shares of the basic materials company stock after purchasing an additional 4,000 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in International Paper were worth $ 756,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Siemens Fonds Invest GmbH raised its holdings in International Paper by 5.3% in the 4th quarter. Siemens Fonds Invest GmbH now owns 4,287 shares of the basic materials company stock valued at $ 200,000 after acquiring an additional 215 shares in the last quarter. Home Federal Bank of Tennessee grew its position in shares of International Paper by 0.8% in the 4th quarter. Home Federal Bank of Tennessee now owns 27,821 shares of the basic materials company stock valued at $ 1,307,000 after buying an additional 220 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of International Paper by 5.8% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 4,272 shares of the basic materials company stock valued at $ 201,000 after purchasing an additional 234 shares during the period. Virtue Capital Management LLC lifted its stake in shares of International Paper by 5.7% in the 4th quarter. Virtue Capital Management LLC now owns 4,590 shares of the basic materials company stock valued at $ 216,000 after purchasing an additional 246 shares during the period. Finally, Avantax Advisory Services Inc. lifted its stake in shares of International Paper by 3.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,465 shares of the basic materials company stock valued at $ 398,000 after purchasing an additional 248 shares during the period. Hedge funds and other institutional investors own 82.69% of the company stock.
In other news, major shareholder Paper Co / New / International sold 4,132,000 shares of the company stock in a transaction on Thursday, April 21st. The stock was sold at an average price of $ 34.75, for a total transaction of $ 143,587,000.00. Following the transaction, the insider now directly owns 4,614,358 shares of the company stock, valued at $ 160,348,940.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP William Thomas Hamic sold 3,630 shares of the company stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 47.72, for a total value of $ 173,223.60. Following the transaction, the senior vice president now directly owns 22,050 shares in the company, valued at $ 1,052,226. The disclosure for this sale can be found here. Company insiders own 0.42% of the company stock.
NYSE IP opened at $ 42.35 on Monday. The business’s fifty day moving average price is $ 47.24 and its 200-day moving average price is $ 46.50. The stock has a market capitalization of $ 15.70 billion, a price-to-earnings ratio of 9.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.31. International Paper has a 1-year low of $ 40.45 and a 1-year high of $ 62.70.
International Paper (NYSE: IP – Get Rating) last issued its quarterly earnings results on Thursday, April 28th. The basic materials company reported $ 0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $ 0.52 by $ 0.24. International Paper had a return on equity of 17.16% and a net margin of 8.14%. The business had revenue of $ 5.24 billion during the quarter, compared to analyst estimates of $ 4.96 billion. During the same quarter in the prior year, the business posted $ 0.76 EPS. International Paper’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities research analysts anticipate that International Paper will post 4.76 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, May 27th were given a $ 0.4625 dividend. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $ 1.85 annualized dividend and a yield of 4.37%. International Paper’s dividend payout ratio is currently 40.93%.
A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price target on International Paper from $ 47.00 to $ 48.00 in a research note on Monday, April 18th. StockNews.com raised International Paper from a “hold” rating to a “buy” rating in a report on Friday, April 29th. Finally, Citigroup reduced their price objective on International Paper from $ 54.00 to $ 53.00 in a report on Friday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $ 56.45.
International Paper Company Profile: (Get Rating)
International Paper Company operates as a packaging company primarily in the United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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