Toronto Dominion Bank Raises Stake in International Paper Company (IP)

Toronto Dominion Bank grew its holdings in International Paper Company (NYSE:IP) by 10.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,462 shares of the basic materials company’s stock after acquiring an additional 15,620 shares during the period. Toronto Dominion Bank’s holdings in International Paper were worth $9,002,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC grew its holdings in International Paper by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 47 shares in the last quarter. Ffcm LLC grew its holdings in International Paper by 148.0% during the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 1,242 shares in the last quarter. Asset Advisors Corp grew its holdings in International Paper by 3.6% during the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 84 shares in the last quarter. Krilogy Financial LLC grew its holdings in International Paper by 9.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 210 shares in the last quarter. Finally, Advisory Services Network LLC grew its holdings in International Paper by 188.8% during the 2nd quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 1,656 shares in the last quarter. 82.63% of the stock is owned by institutional investors and hedge funds.

WARNING: This report was first posted by Markets Daily and is the property of of Markets Daily. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.themarketsdaily.com/2017/11/16/toronto-dominion-bank-raises-stake-in-international-paper-company-ip.html.

Shares of International Paper Company (IP) opened at $53.89 on Thursday. The firm has a market cap of $22,434.39, a PE ratio of 17.75, a P/E/G ratio of 1.63 and a beta of 1.46. International Paper Company has a 52-week low of $47.72 and a 52-week high of $58.96. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.475 dividend. The ex-dividend date is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 3.53%. International Paper’s dividend payout ratio (DPR) is currently 87.56%.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays PLC raised their price objective on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a report on Monday, October 30th. Vertical Research reissued a “buy” rating on shares of International Paper in a report on Friday, July 28th. Finally, Credit Suisse Group raised their price objective on shares of International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $61.73.

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.

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

Receive News & Ratings for International Paper Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper Company and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply