SSI Investment Management Inc. reduced its holdings in International Paper Company (NYSE:IP) by 1.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,852 shares of the basic materials company’s stock after selling 48 shares during the period. SSI Investment Management Inc.’s holdings in International Paper were worth $219,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of International Paper in the 2nd quarter worth about $424,000. FNY Partners Fund LP lifted its holdings in shares of International Paper by 166.7% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock worth $101,000 after acquiring an additional 1,250 shares during the last quarter. Ffcm LLC lifted its holdings in shares of International Paper by 148.0% in 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 during the last quarter. Asset Advisors Corp lifted its holdings in shares of International Paper by 3.6% in 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 during the last quarter. Finally, Hefty Wealth Partners lifted its holdings in shares of International Paper by 1.7% in the 2nd quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock worth $182,000 after acquiring an additional 55 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

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IP has been the subject of several analyst reports. BidaskClub upgraded shares of International Paper from a “hold” rating to a “buy” rating in a report on Friday, June 16th. KeyCorp restated a “hold” rating on shares of International Paper in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Goldman Sachs Group, Inc. (The) upgraded shares of International Paper from a “neutral” rating to a “buy” rating and raised their target price for the stock from $60.00 to $64.00 in a report on Thursday, July 13th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $66.00 target price (up previously from $65.00) on shares of International Paper in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. International Paper presently has an average rating of “Hold” and a consensus price target of $60.07.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.

Shares of International Paper Company (NYSE:IP) traded down 0.48% during midday trading on Friday, reaching $55.99. 887,117 shares of the company were exchanged. The firm has a market capitalization of $23.12 billion, a P/E ratio of 28.44 and a beta of 1.46. International Paper Company has a 52 week low of $43.55 and a 52 week high of $58.95. The firm has a 50-day moving average of $54.38 and a 200 day moving average of $53.76.

International Paper (NYSE:IP) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $5.77 billion during the quarter, compared to analyst estimates of $5.72 billion. International Paper had a net margin of 3.73% and a return on equity of 27.09%. International Paper’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.92 earnings per share. On average, equities research analysts expect that International Paper Company will post $3.46 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.29%. The ex-dividend date is Friday, August 11th. International Paper’s dividend payout ratio (DPR) is presently 93.91%.

International Paper Company 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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