American Trust Investment Advisors LLC Sells 11,565 Shares of International Paper Company (NYSE:IP)

American Trust Investment Advisors LLC decreased its position in shares of International Paper Company (NYSE:IP) by 25.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,305 shares of the basic materials company’s stock after selling 11,565 shares during the period. International Paper comprises about 1.7% of American Trust Investment Advisors LLC’s portfolio, making the stock its 25th largest position. American Trust Investment Advisors LLC’s holdings in International Paper were worth $1,942,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in International Paper by 3,397.1% in the first quarter. BlackRock Inc. now owns 37,182,708 shares of the basic materials company’s stock valued at $1,888,138,000 after buying an additional 36,119,474 shares during the last quarter. Wellington Management Group LLP raised its stake in International Paper by 29.5% in the first quarter. Wellington Management Group LLP now owns 36,352,239 shares of the basic materials company’s stock valued at $1,845,965,000 after buying an additional 8,273,552 shares during the last quarter. Vanguard Group Inc. raised its stake in International Paper by 2.5% in the first quarter. Vanguard Group Inc. now owns 28,881,442 shares of the basic materials company’s stock valued at $1,466,599,000 after buying an additional 694,637 shares during the last quarter. Bank of New York Mellon Corp raised its stake in International Paper by 62.9% in the first quarter. Bank of New York Mellon Corp now owns 6,389,395 shares of the basic materials company’s stock valued at $324,455,000 after buying an additional 2,466,074 shares during the last quarter. Finally, Clearbridge Investments LLC raised its stake in International Paper by 3.8% in the first quarter. Clearbridge Investments LLC now owns 6,372,069 shares of the basic materials company’s stock valued at $323,574,000 after buying an additional 230,750 shares during the last quarter. 83.68% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Paper Company (IP) traded up 0.65% during mid-day trading on Friday, reaching $54.29. 2,141,772 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $55.67 and its 200-day moving average price is $53.56. The company has a market capitalization of $22.42 billion, a PE ratio of 27.57 and a beta of 1.46. International Paper Company has a one year low of $43.55 and a one year high of $58.95.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The business had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the business posted $0.92 EPS. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts expect that International Paper Company will post $3.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Friday, August 11th. International Paper’s payout ratio is 93.91%.

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IP has been the topic of several analyst reports. KeyCorp reiterated a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 target price (up previously from $63.00) on shares of International Paper in a research note on Saturday, April 29th. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, DA Davidson upgraded shares of International Paper from a “neutral” rating to a “buy” rating and upped their target price for the stock from $53.75 to $62.00 in a research note on Monday, August 14th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $58.14.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of International Paper stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.64% of the company’s stock.

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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