Mraz Amerine & Associates Inc. Sells 1,151 Shares of International Paper Company (IP)
Mraz Amerine & Associates Inc. lowered its stake in shares of International Paper Company (NYSE:IP) by 7.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,647 shares of the company’s stock after selling 1,151 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in International Paper were worth $832,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its position in shares of International Paper by 2.4% during the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the company’s stock worth $107,000 after acquiring an additional 47 shares during the period. Ffcm LLC increased its position in shares of International Paper by 148.0% during the second quarter. Ffcm LLC now owns 2,081 shares of the company’s stock worth $119,000 after acquiring an additional 1,242 shares during the period. Asset Advisors Corp increased its position in shares of International Paper by 3.6% during the second quarter. Asset Advisors Corp now owns 2,398 shares of the company’s stock worth $136,000 after acquiring an additional 84 shares during the period. Krilogy Financial LLC increased its position in shares of International Paper by 9.3% during the second quarter. Krilogy Financial LLC now owns 2,476 shares of the company’s stock worth $140,000 after acquiring an additional 210 shares during the period. Finally, Advisory Services Network LLC increased its position in shares of International Paper by 188.8% during the second quarter. Advisory Services Network LLC now owns 2,533 shares of the company’s stock worth $143,000 after acquiring an additional 1,656 shares during the period. 83.30% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have recently weighed in on IP. Barclays PLC upped their price objective on International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a research report on Monday, October 30th. Credit Suisse Group upped their price objective on International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Stephens began coverage on International Paper in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $60.00 price objective on the stock. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $65.00 price objective on shares of International Paper in a research report on Monday, October 23rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the stock. International Paper currently has an average rating of “Hold” and a consensus price target of C$61.73.
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International Paper Company (IP) traded down C$0.09 during midday trading on Friday, reaching C$54.85. 1,790,000 shares of the company’s stock traded hands, compared to its average volume of 1,695,832. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31. International Paper Company has a one year low of C$45.19 and a one year high of C$58.96. The firm has a market capitalization of $22,649.10, a P/E ratio of 17.92, a PEG ratio of 1.65 and a beta of 1.46.
International Paper (NYSE:IP) last released its quarterly earnings data on Wednesday, October 25th. The company reported C$1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.04 by C$0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The company had revenue of C$5.91 billion during the quarter, compared to the consensus estimate of C$5.85 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. International Paper’s revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts anticipate that International Paper Company will post 3.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be paid a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio is currently 85.25%.
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.
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