International Paper Company (IP) Position Increased by Security National Bank of SO Dak

Security National Bank of SO Dak boosted its stake in International Paper Company (NYSE:IP) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,107 shares of the basic materials company’s stock after buying an additional 205 shares during the quarter. Security National Bank of SO Dak’s holdings in International Paper were worth $685,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in International Paper in the 2nd quarter valued at $424,000. IHT Wealth Management LLC boosted its stake in International Paper by 26.8% in the 2nd quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock valued at $650,000 after buying an additional 277 shares in the last quarter. FNY Partners Fund LP boosted its stake in International Paper by 166.7% in the 1st quarter. FNY Partners Fund LP now owns 2,000 shares of the basic materials company’s stock valued at $101,000 after buying an additional 1,250 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in International Paper by 2.4% in the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock valued at $107,000 after buying an additional 47 shares in the last quarter. Finally, Ffcm LLC boosted its stake in International Paper by 148.0% in the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock valued at $119,000 after buying an additional 1,242 shares in the last quarter. 83.07% of the stock is currently owned by institutional investors and hedge funds.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.63% of the company’s stock.

Several brokerages recently commented on IP. Deutsche Bank AG reaffirmed a “hold” rating and issued a $56.00 price target (up previously from $54.00) on shares of International Paper in a research note on Monday. Zacks Investment Research raised International Paper from a “sell” rating to a “hold” rating in a research note on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $65.00 price target on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $66.00 price target on shares of International Paper in a research note on Friday, August 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $60.27.

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Shares of International Paper Company (IP) traded up 1.02% during trading on Tuesday, reaching $57.61. The company’s stock had a trading volume of 384,312 shares. The company has a market cap of $23.79 billion, a PE ratio of 29.26 and a beta of 1.46. International Paper Company has a 52-week low of $43.55 and a 52-week high of $58.95. The firm’s 50-day moving average is $55.74 and its 200 day moving average is $54.42.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.01. The firm had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, equities research analysts predict that International Paper Company will post $3.45 EPS for the current fiscal year.

International Paper 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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