Gratus Capital LLC Acquires 5,401 Shares of International Paper Company (IP)

Gratus Capital LLC grew its holdings in shares of International Paper Company (NYSE:IP) by 3.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 155,173 shares of the basic materials company’s stock after purchasing an additional 5,401 shares during the quarter. International Paper comprises about 1.2% of Gratus Capital LLC’s investment portfolio, making the stock its 15th biggest position. Gratus Capital LLC’s holdings in International Paper were worth $8,817,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Exencial Wealth Advisors LLC raised its holdings in shares of International Paper by 0.3% during the 2nd quarter. Exencial Wealth Advisors LLC now owns 6,312 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 16 shares in the last quarter. Piedmont Investment Advisors LLC raised its holdings in International Paper by 0.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 4,335 shares of the basic materials company’s stock worth $245,000 after acquiring an additional 20 shares during the period. Mechanics Bank Trust Department raised its holdings in International Paper by 0.6% in the 2nd quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company’s stock worth $253,000 after acquiring an additional 26 shares during the period. Moloney Securities Asset Management LLC raised its holdings in International Paper by 0.9% in the 2nd quarter. Moloney Securities Asset Management LLC now owns 4,989 shares of the basic materials company’s stock worth $282,000 after acquiring an additional 44 shares during the period. Finally, Quadrant Capital Group LLC raised its holdings 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 worth $107,000 after acquiring an additional 47 shares during the period. Institutional investors and hedge funds own 82.58% of the company’s stock.

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Shares of International Paper Company (NYSE:IP) traded up $0.04 on Thursday, reaching $54.75. 1,085,700 shares of the company traded hands, compared to its average volume of 2,338,083. The company has a market cap of $22,591.30, a P/E ratio of 17.88, a PEG ratio of 1.64 and a beta of 1.46. International Paper Company has a 12-month low of $48.49 and a 12-month high of $58.96. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31.

International Paper (NYSE:IP) last posted its quarterly earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.04. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. International Paper had a net margin of 5.92% and a return on equity of 33.50%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period last year, the business posted $0.91 EPS. equities research analysts forecast that International Paper Company will post 3.5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.475 dividend. This represents a $1.90 annualized dividend and a yield of 3.47%. This is a positive change from International Paper’s previous quarterly dividend of $0.46. The ex-dividend date is Tuesday, November 14th. International Paper’s dividend payout ratio (DPR) is currently 87.56%.

Several brokerages recently commented on IP. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price on shares of International Paper in a report on Friday, August 18th. BMO Capital Markets reiterated a “buy” rating on shares of International Paper in a report on Thursday, August 17th. Barclays PLC reiterated a “sell” rating and issued a $50.00 target price on shares of International Paper in a report on Wednesday, August 2nd. Finally, KeyCorp reiterated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $61.73.

About International Paper

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.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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