International Paper Co. (NYSE:IP)’s share price dropped 2.6% during trading on Monday . The stock traded as low as $46.08 and last traded at $46.21, with a volume of 1,975,512 shares traded. The stock had previously closed at $47.46.

IP has been the subject of several analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of International Paper in a research report on Monday, June 20th. Deutsche Bank AG lifted their price objective on International Paper from $40.00 to $42.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Jefferies Group reiterated a “hold” rating on shares of International Paper in a research report on Monday. Barclays PLC cut their price objective on International Paper from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, May 2nd. Finally, Royal Bank Of Canada downgraded International Paper from an “outperform” rating to a “sector perform” rating and set a $46.00 price objective for the company. in a research report on Monday, April 25th. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $45.64.

The company has a 50 day moving average price of $45.19 and a 200 day moving average price of $41.44. The company has a market capitalization of $19.15 billion and a price-to-earnings ratio of 25.22.

International Paper (NYSE:IP) last released its earnings results on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.32 billion. During the same quarter in the previous year, the company earned $0.97 earnings per share. The firm’s revenue for the quarter was down 6.9% on a year-over-year basis. Equities analysts anticipate that International Paper Co. will post $3.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Monday, August 15th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, August 11th.

In other news, SVP Glenn R. Landau sold 10,000 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $43.28, for a total value of $432,800.00. Following the completion of the transaction, the senior vice president now directly owns 91,554 shares in the company, valued at approximately $3,962,457.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol L. Roberts sold 12,256 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $46.20, for a total value of $566,227.20. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of International Paper by 131.3% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 256,500 shares of the company’s stock worth $9,670,000 after buying an additional 145,600 shares during the last quarter. Utah Retirement Systems boosted its position in shares of International Paper by 0.3% in the fourth quarter. Utah Retirement Systems now owns 75,465 shares of the company’s stock worth $2,846,000 after buying an additional 200 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of International Paper by 14.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,020,542 shares of the company’s stock worth $189,289,000 after buying an additional 621,585 shares during the last quarter. Stephens Inc. AR boosted its position in shares of International Paper by 12.8% in the fourth quarter. Stephens Inc. AR now owns 30,455 shares of the company’s stock worth $1,148,000 after buying an additional 3,460 shares during the last quarter. Finally, Trexquant Investment LP boosted its position in shares of International Paper by 1.3% in the fourth quarter. Trexquant Investment LP now owns 47,800 shares of the company’s stock worth $1,802,000 after buying an additional 600 shares during the last quarter.

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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