International Paper Co (NYSE:IP) Holdings Lifted by Ingalls & Snyder LLC

Ingalls & Snyder LLC boosted its position in shares of International Paper Co (NYSE:IP) by 1.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,129 shares of the basic materials company’s stock after buying an additional 795 shares during the quarter. Ingalls & Snyder LLC’s holdings in International Paper were worth $2,262,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cerebellum GP LLC bought a new position in International Paper during the third quarter valued at about $121,000. CNB Bank boosted its stake in International Paper by 204.0% during the third quarter. CNB Bank now owns 6,643 shares of the basic materials company’s stock valued at $278,000 after buying an additional 4,458 shares in the last quarter. Signet Financial Management LLC boosted its stake in International Paper by 1.5% during the third quarter. Signet Financial Management LLC now owns 22,960 shares of the basic materials company’s stock valued at $1,055,000 after buying an additional 333 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its stake in International Paper by 3.4% during the third quarter. Vestmark Advisory Solutions Inc. now owns 23,436 shares of the basic materials company’s stock valued at $980,000 after buying an additional 766 shares in the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of International Paper in the 3rd quarter valued at $58,000. 81.04% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on IP shares. BNP Paribas started coverage on International Paper in a research report on Monday, December 2nd. They issued an “outperform” rating and a $53.00 price target for the company. Exane BNP Paribas started coverage on International Paper in a research report on Monday, December 2nd. They issued an “outperform” rating and a $53.00 price target for the company. Goldman Sachs Group lowered International Paper from a “neutral” rating to a “sell” rating and set a $40.00 price target for the company. in a research report on Tuesday, December 10th. Royal Bank of Canada set a $43.00 price target on International Paper and gave the company a “hold” rating in a research report on Friday, November 1st. Finally, KeyCorp reiterated a “sell” rating and issued a $38.00 price target on shares of International Paper in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $45.33.

NYSE:IP opened at $44.50 on Thursday. The company has a quick ratio of 1.03, a current ratio of 1.49 and a debt-to-equity ratio of 1.37. International Paper Co has a 1-year low of $36.45 and a 1-year high of $48.24. The firm has a market capitalization of $17.42 billion, a price-to-earnings ratio of 8.36 and a beta of 1.52. The stock has a fifty day simple moving average of $45.78 and a 200 day simple moving average of $42.97.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.10. The firm had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.63 billion. International Paper had a return on equity of 26.97% and a net margin of 6.03%. The business’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.56 EPS. Equities analysts predict that International Paper Co will post 4.37 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 21st will be paid a $0.5125 dividend. This represents a $2.05 annualized dividend and a yield of 4.61%. International Paper’s dividend payout ratio is currently 38.53%.

In related news, SVP W. Michael Jr. Amick sold 8,000 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $44.83, for a total value of $358,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by corporate insiders.

International Paper Company Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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