Ameriprise Financial Inc. cut its stake in International Paper Company (NYSE:IP) by 10.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,651,623 shares of the basic materials company’s stock after selling 684,320 shares during the period. Ameriprise Financial Inc. owned approximately 1.37% of International Paper worth $321,280,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IP. Quadrant Capital Group LLC increased its holdings in International Paper by 2.4% in the second quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares in the last quarter. Ffcm LLC increased its holdings in International Paper by 148.0% in the second quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after buying an additional 1,242 shares in the last quarter. Krilogy Financial LLC increased its holdings in International Paper by 9.3% in the second quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after buying an additional 210 shares in the last quarter. Advisory Services Network LLC increased its holdings in International Paper by 188.8% in the second quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock valued at $143,000 after buying an additional 1,656 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in International Paper by 6.3% in the second quarter. Parallel Advisors LLC now owns 3,632 shares of the basic materials company’s stock valued at $200,000 after buying an additional 215 shares in the last quarter. 82.58% of the stock is owned by institutional investors.

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A number of research analysts have issued reports on IP shares. KeyCorp reaffirmed a “hold” rating on shares of International Paper in a report on Thursday, July 27th. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. DA Davidson raised shares of International Paper from a “neutral” rating to a “buy” rating and increased their target price for the company from $53.75 to $62.00 in a report on Monday, August 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 target price on shares of International Paper in a report on Monday, August 21st. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 target price on shares of International Paper in a report on Friday, August 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $61.73.

Shares of International Paper Company (NYSE IP) opened at $54.75 on Thursday. The company has a market cap of $22,591.30, a P/E ratio of 17.88, a price-to-earnings-growth ratio of 1.64 and a beta of 1.46. 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 12 month low of $48.49 and a 12 month high of $58.96.

International Paper (NYSE:IP) last released its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.04 by $0.04. The firm had revenue of $5.91 billion during the quarter, compared to analysts’ expectations of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. International Paper’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS. equities analysts anticipate that International Paper Company will post 3.5 earnings per share for the current fiscal year.

The company also recently announced 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 is a boost from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, November 14th. International Paper’s payout ratio is presently 87.56%.

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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