Investors Buy International Paper (IP) on Weakness

Investors purchased shares of International Paper Company (NYSE:IP) on weakness during trading hours on Tuesday. $45.95 million flowed into the stock on the tick-up and $18.20 million flowed out of the stock on the tick-down, for a money net flow of $27.75 million into the stock. Of all equities tracked, International Paper had the 22nd highest net in-flow for the day. International Paper traded down ($0.64) for the day and closed at $61.49

Several research firms have issued reports on IP. Zacks Investment Research lowered shares of International Paper from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Wells Fargo & Co reaffirmed an “outperform” rating and set a $70.00 price objective (up from $65.00) on shares of International Paper in a report on Monday. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Barclays lifted their price target on shares of International Paper from $50.00 to $52.00 and gave the company an “underweight” rating in a report on Monday, October 30th. Finally, KeyCorp reissued a “hold” rating on shares of International Paper in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company. International Paper currently has a consensus rating of “Hold” and an average price target of $62.75.

The company has a market capitalization of $25,440.00, a P/E ratio of 28.40, a price-to-earnings-growth ratio of 1.45 and a beta of 1.47. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.

International Paper (NYSE:IP) last announced its earnings results on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.04. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The company had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.85 billion. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. research analysts predict that International Paper Company will post 3.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be paid a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Tuesday, February 20th. International Paper’s dividend payout ratio is presently 87.56%.

Several hedge funds and other institutional investors have recently made changes to their positions in IP. Quadrant Capital Group LLC grew its position in shares of International Paper by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after buying an additional 47 shares during the period. Rational Advisors LLC acquired a new stake in shares of International Paper during the 3rd quarter worth approximately $108,000. Amica Retiree Medical Trust acquired a new stake in shares of International Paper during the 3rd quarter worth approximately $128,000. Krilogy Financial LLC grew its position in shares of International Paper by 9.3% during the 2nd quarter. Krilogy Financial LLC now owns 2,476 shares of the basic materials company’s stock worth $140,000 after buying an additional 210 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of International Paper by 188.8% during the 2nd quarter. Advisory Services Network LLC now owns 2,533 shares of the basic materials company’s stock worth $143,000 after buying an additional 1,656 shares during the period. 81.85% of the stock is owned by institutional investors.

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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.

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