Its stake was valued at $205,942,000 an increase of 8.2% as of the end of the quarter.
Several other large investors have also recently bought and sold shares of IP. Iridian Asset Management LLC CT now owns 5,342,050 shares of the basic materials company's stock worth $302,413,000 after acquiring an additional 1,596,230 shares during the period. FNY Partners Fund LP now owns 2,000 shares of the basic materials company's stock valued at $101,000 after purchasing an additional 1,250 shares in the last quarter. This is a boost from International Paper's previous quarterly dividend of $0.46. RPg Family Wealth Advisory, LLC grew its investment by buying 193 shares an increase of 20.7% as of 09/30/2017. Finally, Quadrant Capital Group LLC raised its position in International Paper by 2.4% during the second quarter. Institutional investors and hedge funds own 82.63% of the company's stock. Barclays PLC raised their price objective on shares of International Paper from $50.00 to $52.00 and gave the stock an "underweight" rating in a research note on Monday, October 30th. Finally, KeyCorp restated a "hold" rating on shares of International Paper in a research report on Monday, October 30th. Zacks Investment Research lowered shares of International Paper from a "hold" rating to a "sell" rating in a research note on Tuesday, September 26th. On October 24 analysts at Stephens updated its forecast on IP giving it an initial rating of "Equal Weight".
On October 23 Royal Bank Of Canada made no change to the company rating of "Buy" with a current price target of $65.00. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. Vertical Research reaffirmed a "buy" rating on shares of International Paper in a research note on Friday, July 28th. If you are reading this piece of content on another site, it was stolen and republished in violation of U.S. & worldwide trademark and copyright law. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of worldwide copyright & trademark laws.
Traders are feeling more bullish on International Paper Company of late if you pay attention to the fall in short interest.
International Paper Company (IP) stock is sinking -0.80% to $54.41. 839,646 shares of the stock traded hands, compared to its average volume of 2,361,396. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $22,480.00, a PE ratio of 17.92, a P/E/G ratio of 1.65 and a beta of 1.47. International Paper has a 1 year low of $45.94 and a 1 year high of $58.96.
Analysts expect International Paper Co (NYSE:IP) to report $1.19 EPS on February, 1.They anticipate $0.46 EPS change or 63.01 % from last quarter's $0.73 EPS. The basic materials company reported $1.08 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.04 by $0.04. "Buys DowDuPont Inc, International Paper Co ..." on October 27, 2017. The business's revenue was up 12.3% on a year-over-year basis. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/11/14/research-analysts-set-expectations-for-international-paper-companys-fy2017-earnings-ip.html.
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 given a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date is Tuesday, November 14th. Geode Cap Mngmt Ltd Liability has 0.09% invested in International Paper Co (NYSE:IP). International Paper's dividend payout ratio is now 85.25%.
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.