Advisor Group Inc. Has $2.34 Million Position in International Paper Company (IP)

Advisor Group Inc. increased its stake in International Paper Company (NYSE:IP) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,249 shares of the basic materials company’s stock after purchasing an additional 1,802 shares during the quarter. Advisor Group Inc.’s holdings in International Paper were worth $2,343,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its stake in International Paper by 21.7% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 51,063 shares of the basic materials company’s stock worth $2,891,000 after purchasing an additional 9,093 shares in the last quarter. FMR LLC grew its stake in International Paper by 9.9% during the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after acquiring an additional 32,461 shares in the last quarter. Burney Co. grew its stake in International Paper by 4.5% during the 2nd quarter. Burney Co. now owns 101,543 shares of the basic materials company’s stock valued at $5,654,000 after acquiring an additional 4,374 shares in the last quarter. Homrich & Berg purchased a new position in International Paper during the 2nd quarter valued at about $337,000. Finally, Cipher Capital LP purchased a new position in International Paper during the 2nd quarter valued at about $2,703,000. 82.63% of the stock is currently owned by hedge funds and other institutional investors.

Shares of International Paper Company (IP) traded up $0.20 during trading on Thursday, hitting $54.09. The stock had a trading volume of 103,599 shares, compared to its average volume of 2,356,860. The firm has a market cap of $22,434.39, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.63 and a beta of 1.46. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. International Paper Company has a fifty-two week low of $47.72 and a fifty-two week high of $58.96.

International Paper (NYSE:IP) last announced its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.04. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.85 billion. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. equities research analysts predict that International Paper Company will post 3.5 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be issued a $0.475 dividend. This is a positive change from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 3.51%. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s payout ratio is 87.56%.

Several equities analysts have weighed in on the company. ValuEngine cut International Paper from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. DA Davidson raised International Paper from a “neutral” rating to a “buy” rating and lifted their target price for the company from $53.75 to $62.00 in a research note on Monday, August 14th. Barclays PLC reaffirmed a “sell” rating and set a $50.00 target price on shares of International Paper in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG reaffirmed a “hold” rating and set a $56.00 target price (up previously from $54.00) on shares of International Paper in a research note on Monday, October 9th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $61.73.

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International Paper Profile

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.

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

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