UBS Asset Management Americas Inc. boosted its position in International Paper Company (NYSE:IP) by 4.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,163,276 shares of the basic materials company’s stock after purchasing an additional 54,728 shares during the quarter. UBS Asset Management Americas Inc. owned approximately 0.28% of International Paper worth $65,853,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in IP. FNY Partners Fund LP increased its holdings in shares of International Paper by 166.7% during the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after acquiring an additional 1,250 shares in the last quarter. Ffcm LLC increased its holdings in shares of International Paper by 148.0% during the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 1,242 shares in the last quarter. Asset Advisors Corp increased its holdings in shares of International Paper by 3.6% during the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after acquiring an additional 84 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of International Paper by 24.8% during the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 680 shares in the last quarter. Finally, Hefty Wealth Partners increased its holdings in shares of International Paper by 1.7% during the second quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock valued at $182,000 after acquiring an additional 55 shares in the last quarter. Institutional investors and hedge funds own 83.07% of the company’s stock.

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Several equities analysts have recently issued reports on the stock. Royal Bank Of Canada restated a “buy” rating and set a $65.00 price objective on shares of International Paper in a report on Monday, August 21st. Jefferies Group LLC restated a “buy” rating and set a $66.00 price objective on shares of International Paper in a report on Friday, August 18th. BMO Capital Markets restated a “buy” rating on shares of International Paper in a report on Thursday, August 17th. DA Davidson upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the company from $53.75 to $62.00 in a report on Monday, August 14th. Finally, Barclays PLC restated a “sell” rating and set a $50.00 price objective on shares of International Paper in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. International Paper presently has a consensus rating of “Hold” and an average price target of $60.07.

International Paper Company (NYSE IP) opened at 56.05 on Friday. The firm has a market cap of $23.14 billion, a P/E ratio of 28.47 and a beta of 1.46. International Paper Company has a one year low of $43.55 and a one year high of $58.95. The company has a 50-day moving average of $54.48 and a 200 day moving average of $53.84.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.92 earnings per share. Equities research analysts expect that International Paper Company will post $3.46 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.30%. The ex-dividend date was Friday, August 11th. International Paper’s dividend payout ratio (DPR) is 93.91%.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of International Paper 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.63% 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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