Trustmark National Bank Trust Department held its position in International Paper Company (NYSE:IP) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,645 shares of the basic materials company’s stock at the close of the 2nd quarter. Trustmark National Bank Trust Department’s holdings in International Paper were worth $999,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Exencial Wealth Advisors LLC raised its stake in International Paper by 0.3% in the second quarter. Exencial Wealth Advisors LLC now owns 6,312 shares of the basic materials company’s stock valued at $357,000 after buying an additional 16 shares during the last quarter. Wilbanks Smith & Thomas Asset Management LLC raised its stake in International Paper by 0.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,426 shares of the basic materials company’s stock valued at $326,000 after buying an additional 20 shares during the last quarter. Vaughan David Investments Inc. IL raised its stake in International Paper by 0.5% in the first quarter. Vaughan David Investments Inc. IL now owns 4,248 shares of the basic materials company’s stock valued at $216,000 after buying an additional 21 shares during the last quarter. Mechanics Bank Trust Department raised its stake in International Paper by 0.6% in the second quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company’s stock valued at $253,000 after buying an additional 26 shares during the last quarter. Finally, Moloney Securities Asset Management LLC raised its stake in International Paper by 0.9% in the second quarter. Moloney Securities Asset Management LLC now owns 4,989 shares of the basic materials company’s stock valued at $282,000 after buying an additional 44 shares during the last quarter. Institutional investors own 83.07% of the company’s stock.

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International Paper Company (NYSE:IP) traded up 0.09% during mid-day trading on Tuesday, reaching $57.10. The company had a trading volume of 597,563 shares. The company has a market capitalization of $23.58 billion, a price-to-earnings ratio of 29.00 and a beta of 1.46. International Paper Company has a 12 month low of $43.55 and a 12 month high of $58.95. The firm’s 50 day moving average price is $54.41 and its 200-day moving average price is $53.81.

International Paper (NYSE:IP) last posted its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.77 billion during the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.92 EPS. Equities research analysts anticipate that International Paper Company will post $3.46 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.24%. The ex-dividend date was Friday, August 11th. International Paper’s dividend payout ratio is presently 93.91%.

A number of research firms have commented on IP. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 price target on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and issued a $66.00 price objective on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets restated a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. DA Davidson upgraded International Paper from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $53.75 to $62.00 in a research note on Monday, August 14th. Finally, Barclays PLC restated a “sell” rating and issued a $50.00 price objective on shares of International Paper in a research note on Wednesday, August 2nd. Two investment 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 a consensus target price of $60.07.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total transaction of $57,649.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is owned by corporate insiders.

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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