International Paper (NYSE:IP) Holdings Decreased by Edgestream Partners L.P.

Edgestream Partners L.P. trimmed its holdings in shares of International Paper (NYSE:IP) by 22.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,459 shares of the basic materials company’s stock after selling 16,141 shares during the period. Edgestream Partners L.P.’s holdings in International Paper were worth $2,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IP. Retirement Systems of Alabama increased its stake in shares of International Paper by 0.3% in the second quarter. Retirement Systems of Alabama now owns 76,616 shares of the basic materials company’s stock worth $3,306,000 after acquiring an additional 246 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its stake in International Paper by 27.7% in the second quarter. Massmutual Trust Co. FSB ADV now owns 1,157 shares of the basic materials company’s stock valued at $50,000 after purchasing an additional 251 shares in the last quarter. Czech National Bank grew its stake in International Paper by 0.5% in the first quarter. Czech National Bank now owns 60,897 shares of the basic materials company’s stock valued at $2,376,000 after purchasing an additional 295 shares in the last quarter. Kentucky Retirement Systems increased its position in International Paper by 1.1% in the 4th quarter. Kentucky Retirement Systems now owns 27,685 shares of the basic materials company’s stock worth $1,001,000 after purchasing an additional 298 shares during the last quarter. Finally, 180 Wealth Advisors LLC raised its stake in shares of International Paper by 4.2% during the 1st quarter. 180 Wealth Advisors LLC now owns 7,845 shares of the basic materials company’s stock worth $306,000 after purchasing an additional 318 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

International Paper Trading Up 0.1 %

International Paper stock opened at $49.54 on Thursday. International Paper has a 12 month low of $31.76 and a 12 month high of $50.55. The stock has a market cap of $17.21 billion, a price-to-earnings ratio of 101.10 and a beta of 1.04. The business has a 50 day moving average price of $46.76 and a two-hundred day moving average price of $42.54. The company has a quick ratio of 1.17, a current ratio of 1.59 and a debt-to-equity ratio of 0.62.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, July 24th. The basic materials company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.14. The business had revenue of $4.73 billion for the quarter, compared to analysts’ expectations of $4.78 billion. International Paper had a net margin of 2.34% and a return on equity of 7.28%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities analysts forecast that International Paper will post 1.55 EPS for the current year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 15th were given a dividend of $0.4625 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.85 annualized dividend and a dividend yield of 3.73%. International Paper’s dividend payout ratio (DPR) is presently 377.55%.

Analysts Set New Price Targets

A number of research firms recently commented on IP. Stifel Nicolaus began coverage on International Paper in a report on Tuesday, July 9th. They issued a “hold” rating and a $48.70 price objective on the stock. Argus raised International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research report on Wednesday, August 14th. Wells Fargo & Company raised their price objective on International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, July 25th. Jefferies Financial Group upgraded shares of International Paper from a “hold” rating to a “buy” rating and upped their price target for the company from $38.00 to $57.00 in a report on Thursday, May 23rd. Finally, Royal Bank of Canada boosted their price objective on International Paper from $52.00 to $56.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.21.

Insider Activity at International Paper

In other International Paper news, SVP Clay R. Ellis sold 9,000 shares of the stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total transaction of $439,470.00. Following the completion of the transaction, the senior vice president now directly owns 49,832 shares in the company, valued at $2,433,296.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other International Paper news, SVP Clay R. Ellis sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $48.83, for a total value of $439,470.00. Following the transaction, the senior vice president now directly owns 49,832 shares in the company, valued at $2,433,296.56. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kathryn D. Sullivan sold 600 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $42.77, for a total transaction of $25,662.00. Following the sale, the director now directly owns 42,802 shares of the company’s stock, valued at approximately $1,830,641.54. The disclosure for this sale can be found here. Insiders have sold a total of 19,440 shares of company stock valued at $927,956 in the last 90 days. 0.55% of the stock is owned by corporate insiders.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.