International Paper Company $IP Shares Acquired by TD Private Client Wealth LLC

TD Private Client Wealth LLC increased its holdings in International Paper Company (NYSE:IP) by 40.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,871 shares of the basic materials company’s stock after buying an additional 1,121 shares during the period. TD Private Client Wealth LLC’s holdings in International Paper were worth $181,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IP. Vanguard Group Inc. boosted its position in shares of International Paper by 52.0% in the 1st quarter. Vanguard Group Inc. now owns 62,623,540 shares of the basic materials company’s stock worth $3,340,966,000 after buying an additional 21,428,455 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of International Paper by 8.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 51,798,017 shares of the basic materials company’s stock worth $2,763,426,000 after buying an additional 4,201,422 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in International Paper by 19.4% in the 1st quarter. Bank of New York Mellon Corp now owns 17,145,485 shares of the basic materials company’s stock valued at $914,712,000 after purchasing an additional 2,782,042 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in International Paper by 230.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,965,192 shares of the basic materials company’s stock valued at $211,543,000 after purchasing an additional 2,763,634 shares in the last quarter. Finally, Nuveen LLC purchased a new position in International Paper in the 1st quarter valued at about $132,900,000. 81.95% of the stock is currently owned by hedge funds and other institutional investors.

International Paper Price Performance

IP opened at $45.32 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52. International Paper Company has a 52-week low of $43.27 and a 52-week high of $60.36. The company has a 50 day moving average of $48.41 and a two-hundred day moving average of $48.51. The company has a market cap of $23.93 billion, a P/E ratio of -453.20, a P/E/G ratio of 0.51 and a beta of 1.05.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.18). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same quarter in the prior year, the firm earned $0.55 earnings per share. International Paper’s quarterly revenue was up 42.9% compared to the same quarter last year. On average, analysts expect that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.1%. The ex-dividend date was Friday, August 15th. International Paper’s payout ratio is currently -1,850.00%.

Insider Transactions at International Paper

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the completion of the sale, the senior vice president owned 27,673 shares of the company’s stock, valued at $1,259,951.69. This trade represents a 24.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on IP shares. Wall Street Zen upgraded shares of International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 27th. JPMorgan Chase & Co. lowered shares of International Paper from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $54.00 in a report on Tuesday, August 5th. UBS Group started coverage on shares of International Paper in a report on Wednesday, June 4th. They issued a “buy” rating and a $60.00 target price on the stock. Zacks Research lowered shares of International Paper from a “hold” rating to a “strong sell” rating in a report on Monday, August 18th. Finally, Jefferies Financial Group reduced their target price on shares of International Paper from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, International Paper currently has an average rating of “Hold” and an average target price of $56.02.

International Paper Profile

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.