Ossiam Has $1.46 Million Stock Holdings in International Paper Company $IP

Ossiam lifted its stake in shares of International Paper Company (NYSE:IP) by 1,491.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,150 shares of the basic materials company’s stock after acquiring an additional 29,193 shares during the quarter. Ossiam’s holdings in International Paper were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Rise Advisors LLC increased its position in International Paper by 281.3% during the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 346 shares during the period. AlphaQuest LLC increased its position in shares of International Paper by 63,400.0% during the second quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock worth $30,000 after buying an additional 634 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in International Paper during the second quarter worth $33,000. Zions Bancorporation National Association UT acquired a new position in International Paper in the first quarter valued at $34,000. Finally, Elevation Point Wealth Partners LLC bought a new stake in International Paper during the second quarter valued at $35,000. 81.95% of the stock is currently owned by institutional investors.

Insider Activity

In other news, SVP Joseph R. Saab sold 9,000 shares of International Paper stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total transaction of $409,770.00. Following the completion of the transaction, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IP shares. Wall Street Zen lowered International Paper from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Zacks Research downgraded International Paper from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of International Paper in a research note on Monday. Royal Bank Of Canada reduced their price objective on shares of International Paper from $61.00 to $57.00 and set an “outperform” rating for the company in a research report on Friday, October 31st. Finally, BNP Paribas upgraded shares of International Paper from a “strong sell” rating to an “outperform” rating and set a $44.00 target price on the stock in a research report on Monday, November 24th. Nine research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $50.44.

International Paper Trading Up 4.0%

Shares of International Paper stock opened at $39.08 on Thursday. The stock has a market capitalization of $20.64 billion, a PE ratio of -14.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.09. International Paper Company has a 52 week low of $35.56 and a 52 week high of $60.15. The stock has a 50 day moving average price of $41.56 and a two-hundred day moving average price of $45.97. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.04 and a current ratio of 1.31.

International Paper (NYSE:IP) last issued its earnings results on Thursday, October 30th. The basic materials company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.96). International Paper had a negative return on equity of 0.16% and a negative net margin of 5.45%.The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same period in the previous year, the company earned $0.33 earnings per share. International Paper’s revenue for the quarter was up 56.4% compared to the same quarter last year. As a group, equities analysts anticipate that International Paper Company will post 2.77 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Shareholders of record on Friday, November 14th will be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.7%. International Paper’s dividend payout ratio (DPR) is -70.88%.

International Paper 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.