Shares of International Paper Co. (NYSE:IP) have received an average recommendation of “Hold” from the seventeen analysts that are covering the stock. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $47.62.
A number of equities research analysts recently issued reports on IP shares. Wells Fargo & Co. reissued a “buy” rating on shares of International Paper in a report on Monday, June 20th. Vetr cut shares of International Paper from a “strong-buy” rating to a “buy” rating and set a $46.81 price target on the stock. in a research report on Monday, June 20th. Zacks Investment Research raised shares of International Paper from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, July 5th. Credit Suisse Group AG reissued a “hold” rating and set a $47.00 price target on shares of International Paper in a research report on Monday, August 1st. Finally, Deutsche Bank AG raised their target price on shares of International Paper from $40.00 to $42.00 and gave the company a “hold” rating in a report on Wednesday, August 10th.
In related news, CFO Carol L. Roberts sold 12,256 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $46.20, for a total transaction of $566,227.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider William P. Hoel sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $48.12, for a total value of $962,400.00. The disclosure for this sale can be found here. 0.64% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in International Paper by 4.7% in the second quarter. Vanguard Group Inc. now owns 26,798,338 shares of the company’s stock valued at $1,135,714,000 after buying an additional 1,199,693 shares in the last quarter. Wellington Management Group LLP boosted its position in International Paper by 2.7% in the first quarter. Wellington Management Group LLP now owns 26,110,129 shares of the company’s stock valued at $1,071,560,000 after buying an additional 685,795 shares during the last quarter. BlackRock Fund Advisors boosted its position in International Paper by 4.9% in the second quarter. BlackRock Fund Advisors now owns 10,802,229 shares of the company’s stock valued at $457,798,000 after buying an additional 501,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in International Paper by 6.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,817,657 shares of the company’s stock valued at $246,509,000 after buying an additional 364,618 shares during the last quarter. Finally, BlackRock Group LTD boosted its position in International Paper by 0.6% in the second quarter. BlackRock Group LTD now owns 5,647,106 shares of the company’s stock valued at $239,325,000 after buying an additional 34,844 shares during the last quarter. 81.72% of the stock is currently owned by institutional investors and hedge funds.
Shares of International Paper (NYSE:IP) traded up 1.88% during midday trading on Friday, reaching $46.68. 1,573,947 shares of the company were exchanged. The firm has a 50-day moving average of $47.96 and a 200 day moving average of $44.33. International Paper has a 52 week low of $32.50 and a 52 week high of $49.90. The firm has a market capitalization of $19.19 billion, a P/E ratio of 25.29 and a beta of 1.55.
International Paper (NYSE:IP) last issued its earnings results on Thursday, July 28th. The company reported $0.92 EPS for the quarter, beating the Zacks’ consensus estimate of $0.84 by $0.08. The business earned $5.30 billion during the quarter, compared to analysts’ expectations of $5.32 billion. International Paper had a net margin of 3.58% and a return on equity of 35.41%. The company’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 earnings per share. On average, equities research analysts expect that International Paper will post $3.49 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Tuesday, November 15th will be given a $0.4625 dividend. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.04%. This is a positive change from International Paper’s previous quarterly dividend of $0.44. The ex-dividend date is Thursday, November 10th. International Paper’s dividend payout ratio is presently 94.12%.
About International Paper
International Paper Company (International Paper) 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 operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging.
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