AT Bancorp Has $307,000 Position in International Paper Company (NYSE:IP)

AT Bancorp continued to hold its position in International Paper Company (NYSE:IP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,423 shares of the basic materials company’s stock at the end of the second quarter. AT Bancorp’s holdings in International Paper were worth $307,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP boosted its stake in shares of International Paper by 166.7% in the first quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock worth $101,000 after buying an additional 1,250 shares during the last quarter. Asset Advisors Corp boosted its stake in shares of International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after buying an additional 84 shares during the last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in International Paper during the first quarter worth about $172,000. Parallel Advisors LLC boosted its stake in International Paper by 24.8% in the first quarter. Parallel Advisors LLC now owns 3,417 shares of the basic materials company’s stock worth $182,000 after buying an additional 680 shares in the last quarter. Finally, Hefty Wealth Partners boosted its stake in International Paper by 1.7% in the second quarter. Hefty Wealth Partners now owns 3,223 shares of the basic materials company’s stock worth $182,000 after buying an additional 55 shares in the last quarter. 83.68% of the stock is owned by institutional investors.

International Paper Company (IP) opened at 54.29 on Friday. The firm has a market capitalization of $22.42 billion, a P/E ratio of 27.57 and a beta of 1.46. The company has a 50-day moving average price of $55.67 and a 200-day moving average price of $53.56. International Paper Company has a one year low of $43.55 and a one year high of $58.95.

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

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

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IP has been the topic of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and set 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 International Paper from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Finally, DA Davidson upgraded International Paper from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $53.75 to $62.00 in a report on Monday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $58.14.

In related news, insider Gregory T. Wanta sold 1,044 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total transaction of $57,649.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.64% of the stock is owned by corporate insiders.

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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