Vontobel Holding Ltd. Increases Stock Position in International Paper (NYSE:IP)

Vontobel Holding Ltd. grew its position in shares of International Paper (NYSE:IP) by 90.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,969 shares of the basic materials company’s stock after purchasing an additional 5,207 shares during the period. Vontobel Holding Ltd.’s holdings in International Paper were worth $536,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Kapitalo Investimentos Ltda bought a new stake in International Paper in the 3rd quarter worth approximately $312,000. Creative Planning grew its holdings in shares of International Paper by 6.6% in the third quarter. Creative Planning now owns 72,925 shares of the basic materials company’s stock valued at $3,562,000 after purchasing an additional 4,500 shares in the last quarter. Wesbanco Bank Inc. raised its stake in International Paper by 11.7% during the third quarter. Wesbanco Bank Inc. now owns 20,352 shares of the basic materials company’s stock valued at $994,000 after purchasing an additional 2,134 shares in the last quarter. ORG Wealth Partners LLC bought a new position in International Paper during the third quarter valued at $88,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of International Paper by 677.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 1,555 shares of the basic materials company’s stock worth $76,000 after buying an additional 1,355 shares in the last quarter. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $48.08, for a total value of $28,848.00. Following the transaction, the director now directly owns 38,945 shares in the company, valued at approximately $1,872,475.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $48.08, for a total value of $28,848.00. Following the transaction, the director now owns 38,945 shares of the company’s stock, valued at $1,872,475.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Holly G. Goughnour sold 5,000 shares of the stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $47.22, for a total transaction of $236,100.00. Following the sale, the vice president now directly owns 16,788 shares of the company’s stock, valued at $792,729.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,440 shares of company stock worth $934,142 over the last 90 days. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Wells Fargo & Company increased their price target on shares of International Paper from $43.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, July 25th. Royal Bank of Canada increased their price target on International Paper from $52.00 to $56.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Argus upgraded shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus assumed coverage on shares of International Paper in a report on Tuesday, July 9th. They issued a “hold” rating and a $48.70 target price for the company. Finally, Seaport Res Ptn raised shares of International Paper from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 28th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.46.

International Paper Stock Performance

International Paper stock opened at $46.95 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.17 and a current ratio of 1.59. The company has a market capitalization of $16.31 billion, a PE ratio of 95.82 and a beta of 1.04. The company has a 50 day moving average price of $47.99 and a 200-day moving average price of $44.25. International Paper has a fifty-two week low of $31.76 and a fifty-two week high of $50.68.

International Paper (NYSE:IP) last issued 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. International Paper had a return on equity of 7.28% and a net margin of 2.34%. The business had revenue of $4.73 billion during the quarter, compared to analyst estimates of $4.78 billion. During the same period in the previous year, the company posted $0.59 EPS. International Paper’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts forecast that International Paper will post 1.55 earnings per share for the current year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date is Friday, November 15th. International Paper’s dividend payout ratio (DPR) is 377.55%.

International Paper Company Profile

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.