The International Paper Company (IP) Position Increased by D.A. Davidson & CO., Report finds

The International Paper Company (IP) Position Increased by D.A. Davidson & CO., Report finds

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its stake in International Paper Company by 54.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,900,759 shares of the company’s stock valued at $91,198,000 after buying an additional 669,364 shares in the last quarter. Morgan Stanley increased its stake in International Paper Company by 29.6% in the third quarter. Morgan Stanley now owns 3,909,381 shares of the company’s stock valued at $187,572,000 after buying an additional 893,407 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in International Paper Company by 7.0% in the third quarter. Nikko Asset Management Americas Inc. now owns 656,319 shares of the company’s stock valued at $31,490,000 after buying an additional 42,900 shares in the last quarter. South Texas Money Management Ltd. increased its stake in International Paper Company by 2.2% in the second quarter. South Texas Money Management Ltd. now owns 648,412 shares of the company’s stock valued at $27,480,000 after buying an additional 13,919 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in International Paper Company by 6.8% in the third quarter. Bank of Montreal Can now owns 1,765,307 shares of the company’s stock worth $84,698,000 after buying an additional 112,298 shares in the last quarter. Institutional investors and hedge funds own 82.62% of the company’s stock.

D.A. Davidson & CO. increased its stake in International Paper Company (NYSE:IP) by 1.2% during the third quarter, Holdings Channel reports. The institutional investor owned 555,559 shares of the company’s stock after buying an additional 6,762 shares during the period. D.A. Davidson & CO.’s holdings in International Paper Company were worth $26,653,000 at the end of the most recent reporting period.

Shares of International Paper Company (NYSE:IP) traded up 0.4137% on Monday, hitting $52.6444. 476,189 shares of the stock traded hands. International Paper Company has a 52 week low of $33.43 and a 52 week high of $58.86. The firm has a market cap of $21.65 billion, a P/E ratio of 24.1710 and a beta of 1.58. The stock has a 50-day moving average price of $54.10 and a 200 day moving average price of $49.43.

International Paper Company (NYSE:IP) last announced its earnings results on Thursday, February 2nd. The company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.02. International Paper Company had a net margin of 4.29% and a return on equity of 32.96%. The business earned $5.38 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that International Paper Company will post $3.65 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.4625 per share. The ex-dividend date of this dividend is Monday, February 13th. This represents a $1.85 dividend on an annualized basis and a yield of 3.50%. International Paper Company’s dividend payout ratio is currently 84.47%.

A number of analysts recently issued reports on the company. Jefferies Group LLC raised International Paper Company from a “hold” rating to a “buy” rating and lifted their target price for the company from $55.00 to $65.00 in a research report on Friday, January 20th. Zacks Investment Research downgraded International Paper Company from a “buy” rating to a “hold” rating in a research report on Monday, October 31st. TheStreet raised International Paper Company to a “buy” rating in a research report on Thursday, December 1st. BMO Capital Markets raised International Paper Company from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 31st. Finally, Barclays PLC downgraded International Paper Company from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $50.00 to $45.00 in a research report on Monday, February 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $52.89.

In other news, CFO Carol L. Roberts sold 8,113 shares of the stock in a transaction on Friday, December 9th. The shares were sold at an average price of $53.59, for a total value of $434,775.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tommy S. Joseph sold 11,700 shares of the stock in a transaction on Wednesday, November 30th. The stock was sold at an average price of $48.88, for a total transaction of $571,896.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,717 shares of company stock valued at $1,802,176. 0.64% of the stock is owned by corporate insiders.

International Paper Company Company Profile

International Paper Company (International Paper) 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 operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging.

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