Stifel Financial Corp lifted its holdings in International Paper Company (NYSE:IP) by 1.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,762,351 shares of the basic materials company’s stock after purchasing an additional 33,067 shares during the quarter. Stifel Financial Corp owned about 0.43% of International Paper worth $100,149,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of IP. Quadrant Capital Group LLC lifted 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 acquiring an additional 47 shares in the last quarter. Rational Advisors LLC bought a new stake in International Paper in the 3rd quarter valued at approximately $108,000. Ffcm LLC lifted 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 acquiring an additional 1,242 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in International Paper in the 3rd quarter valued at approximately $128,000. Finally, Krilogy Financial LLC lifted its stake in International Paper by 9.3% in the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 81.98% of the company’s stock.
IP has been the topic of several research reports. Zacks Investment Research upgraded International Paper from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. KeyCorp restated a “hold” rating on shares of International Paper in a research note on Thursday, October 12th. BMO Capital Markets restated a “buy” rating and issued a $62.00 target price on shares of International Paper in a research note on Friday, November 24th. DA Davidson upgraded International Paper from a “neutral” rating to a “buy” rating and boosted their target price for the company from $53.75 to $62.00 in a research note on Monday, August 14th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $65.00 target price on shares of International Paper in a research note on Monday, August 21st. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. International Paper has an average rating of “Hold” and an average price target of $61.73.
International Paper (NYSE:IP) last announced its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.04. International Paper had a return on equity of 27.56% and a net margin of 4.00%. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the business posted $0.91 EPS. The business’s revenue was up 12.3% compared to the same quarter last year. research analysts forecast that International Paper Company will post 3.5 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.475 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio is currently 87.56%.
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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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