Alps Advisors Inc. decreased its position in International Paper Company (NYSE:IP) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 854,847 shares of the basic materials company’s stock after selling 81,788 shares during the period. Alps Advisors Inc.’s holdings in International Paper were worth $48,393,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IP. Macquarie Group Ltd. boosted its stake in shares of International Paper by 1,220.4% in the fourth quarter. Macquarie Group Ltd. now owns 136,003 shares of the basic materials company’s stock worth $7,216,000 after buying an additional 125,703 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of International Paper during the first quarter worth $548,000. Capital Investment Advisors LLC boosted its stake in shares of International Paper by 21.4% in the first quarter. Capital Investment Advisors LLC now owns 55,301 shares of the basic materials company’s stock worth $2,808,000 after buying an additional 9,755 shares in the last quarter. DnB Asset Management AS boosted its stake in shares of International Paper by 19.0% in the first quarter. DnB Asset Management AS now owns 43,197 shares of the basic materials company’s stock worth $2,194,000 after buying an additional 6,900 shares in the last quarter. Finally, Bollard Group LLC boosted its stake in shares of International Paper by 0.9% in the first quarter. Bollard Group LLC now owns 9,861 shares of the basic materials company’s stock worth $501,000 after buying an additional 88 shares in the last quarter. Hedge funds and other institutional investors own 83.68% of the company’s stock.

International Paper Company (NYSE IP) opened at 53.43 on Wednesday. International Paper Company has a one year low of $43.55 and a one year high of $58.95. The stock has a 50 day moving average of $55.82 and a 200-day moving average of $53.57. The stock has a market cap of $22.06 billion, a P/E ratio of 27.14 and a beta of 1.46.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. Analysts anticipate that International Paper Company will post $3.47 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.46%. The ex-dividend date is Friday, August 11th. International Paper’s payout ratio is currently 93.91%.

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A number of analysts recently weighed in on IP shares. Royal Bank Of Canada upgraded shares of International Paper from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $50.00 to $56.00 in a research note on Wednesday, April 19th. Citigroup Inc. restated a “neutral” rating on shares of International Paper in a research note on Saturday, April 22nd. Deutsche Bank AG raised their target price on shares of International Paper from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Tuesday, April 25th. Jefferies Group LLC restated a “buy” rating and issued a $65.00 target price (up previously from $63.00) on shares of International Paper in a research note on Saturday, April 29th. Finally, Barclays PLC raised their target price on shares of International Paper from $45.00 to $48.00 and gave the stock an “underweight” rating in a research note on Monday, May 1st. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $58.14.

In related news, insider Gregory T. Wanta sold 1,044 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total value of $57,649.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.

About International Paper

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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