Fort Washington Investment Advisors Inc. OH grew its holdings in International Paper Company (NYSE:IP) by 116.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,250 shares of the basic materials company’s stock after purchasing an additional 9,800 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in International Paper were worth $1,033,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Buckingham Capital Management Inc. raised its holdings in shares of International Paper by 1.8% in the 2nd quarter. Buckingham Capital Management Inc. now owns 33,062 shares of the basic materials company’s stock valued at $1,872,000 after purchasing an additional 599 shares in the last quarter. TIAA CREF Investment Management LLC raised its holdings in shares of International Paper by 5.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 2,475,439 shares of the basic materials company’s stock valued at $140,135,000 after purchasing an additional 124,137 shares in the last quarter. Teachers Advisors LLC raised its holdings in shares of International Paper by 29.7% in the 2nd quarter. Teachers Advisors LLC now owns 1,688,450 shares of the basic materials company’s stock valued at $95,583,000 after purchasing an additional 386,744 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of International Paper by 3.5% in the 2nd quarter. Raymond James Trust N.A. now owns 13,020 shares of the basic materials company’s stock valued at $737,000 after purchasing an additional 435 shares in the last quarter. Finally, Stephens Inc. AR raised its holdings in shares of International Paper by 43.0% in the 2nd quarter. Stephens Inc. AR now owns 58,784 shares of the basic materials company’s stock valued at $3,328,000 after purchasing an additional 17,663 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

In other news, insider Gregory T. Wanta sold 1,044 shares of the firm’s stock in a transaction that occurred on 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 SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Fort Washington Investment Advisors Inc. OH Acquires 9,800 Shares of International Paper Company (IP)” was originally reported by Daily Political and is owned by of Daily Political. If you are viewing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/09/17/fort-washington-investment-advisors-inc-oh-acquires-9800-shares-of-international-paper-company-ip.html.

Shares of International Paper Company (IP) opened at 56.23 on Friday. The firm’s 50-day moving average is $54.34 and its 200 day moving average is $53.78. International Paper Company has a 52-week low of $43.55 and a 52-week high of $58.95. The stock has a market cap of $23.22 billion, a P/E ratio of 28.56 and a beta of 1.46.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The company had revenue of $5.77 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts forecast that International Paper Company will post $3.46 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were issued a dividend of $0.4625 per share. The ex-dividend date was Friday, August 11th. This represents a $1.85 dividend on an annualized basis and a yield of 3.29%. International Paper’s payout ratio is currently 93.91%.

A number of research analysts have recently issued reports on IP shares. Zacks Investment Research raised shares of International Paper from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, July 11th. DA Davidson raised shares of International Paper from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.75 to $62.00 in a research report on Monday, August 14th. BidaskClub downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) raised shares of International Paper from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $60.00 to $64.00 in a research report on Thursday, July 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $60.07.

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.