Nomura Asset Management Co. Ltd. lifted its position in International Paper Company (NYSE:IP) by 4.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,909 shares of the basic materials company’s stock after purchasing an additional 2,600 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in International Paper were worth $3,234,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IP. BlackRock Inc. increased its stake in International Paper by 4.4% in the second quarter. BlackRock Inc. now owns 38,831,623 shares of the basic materials company’s stock valued at $2,198,257,000 after acquiring an additional 1,648,915 shares during the last quarter. Iridian Asset Management LLC CT increased its stake in International Paper by 42.6% in the second quarter. Iridian Asset Management LLC CT now owns 5,342,050 shares of the basic materials company’s stock valued at $302,413,000 after acquiring an additional 1,596,230 shares during the last quarter. First Eagle Investment Management LLC increased its stake in International Paper by 114.8% in the second quarter. First Eagle Investment Management LLC now owns 2,162,979 shares of the basic materials company’s stock valued at $122,446,000 after acquiring an additional 1,156,003 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in International Paper by 103.9% in the second quarter. Parametric Portfolio Associates LLC now owns 1,916,057 shares of the basic materials company’s stock valued at $108,468,000 after acquiring an additional 976,180 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in International Paper by 18.0% in the second quarter. Ameriprise Financial Inc. now owns 6,335,943 shares of the basic materials company’s stock valued at $359,118,000 after acquiring an additional 966,103 shares during the last quarter. 81.98% of the stock is currently owned by institutional investors and hedge funds.

Several research firms have issued reports on IP. BMO Capital Markets restated a “buy” rating and set a $62.00 price target on shares of International Paper in a research report on Friday, November 24th. ValuEngine lowered shares of International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Barclays upped their price target on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a research report on Monday, October 30th. KeyCorp restated a “hold” rating on shares of International Paper in a research report on Monday, October 30th. Finally, Credit Suisse Group upped their price target on shares of International Paper from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $61.73.

International Paper Company (IP) traded up $0.29 during trading on Monday, hitting $57.20. 444,818 shares of the stock were exchanged, compared to its average volume of 2,318,496. The company has a current ratio of 1.48, a quick ratio of 0.97 and a debt-to-equity ratio of 2.31. The stock has a market capitalization of $23,499.74, a price-to-earnings ratio of 18.60, a P/E/G ratio of 1.71 and a beta of 1.45. International Paper Company has a one year low of $49.60 and a one year high of $58.96.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates 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 prior year, the business posted $0.91 earnings per share. sell-side analysts anticipate that International Paper Company will post 3.51 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.475 dividend. This is an increase from International Paper’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Tuesday, November 14th. International Paper’s dividend payout ratio is presently 87.56%.

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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.

Institutional Ownership by Quarter for International Paper (NYSE:IP)

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