International Paper Company (IP) Shares Sold by Foster & Motley Inc.

Foster & Motley Inc. lowered its stake in shares of International Paper Company (NYSE:IP) by 12.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,818 shares of the basic materials company’s stock after selling 12,001 shares during the period. Foster & Motley Inc.’s holdings in International Paper were worth $4,575,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Raymond James Trust N.A. boosted its stake in International Paper by 12.0% in the first quarter. Raymond James Trust N.A. now owns 12,585 shares of the basic materials company’s stock valued at $639,000 after buying an additional 1,344 shares during the period. Weaver C. Barksdale & Associates Inc. boosted its stake in International Paper by 35.5% in the first quarter. Weaver C. Barksdale & Associates Inc. now owns 28,075 shares of the basic materials company’s stock valued at $1,426,000 after buying an additional 7,348 shares during the period. CHURCHILL MANAGEMENT Corp boosted its stake in International Paper by 22.2% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 194,380 shares of the basic materials company’s stock valued at $9,871,000 after buying an additional 35,344 shares during the period. Hefty Wealth Partners boosted its stake in International Paper by 4,425.7% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company’s stock valued at $160,000 after buying an additional 3,098 shares during the period. Finally, Trust Co boosted its stake in International Paper by 3.0% in the fourth quarter. Trust Co now owns 6,432 shares of the basic materials company’s stock valued at $341,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 83.68% of the company’s stock.

International Paper Company (NYSE:IP) traded up 0.65% during midday trading on Friday, reaching $54.29. 2,141,772 shares of the company traded hands. The stock 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 issued its quarterly earnings results on Thursday, July 27th. The basic materials company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. The company had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.72 billion. International Paper had a net margin of 3.73% and a return on equity of 27.09%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 earnings per share. Analysts forecast that International Paper Company will post $3.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be paid 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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A number of equities analysts recently commented on IP shares. Citigroup Inc. reiterated a “neutral” rating on shares of International Paper in a research report on Saturday, April 22nd. Deutsche Bank AG lifted their target price on shares of International Paper from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Jefferies Group LLC reiterated a “buy” rating and issued a $65.00 target price (up previously from $63.00) on shares of International Paper in a research report on Saturday, April 29th. Barclays PLC lifted their target price on shares of International Paper from $45.00 to $48.00 and gave the stock an “underweight” rating in a research report on Monday, May 1st. Finally, BidaskClub upgraded shares of International Paper from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $58.14.

In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $55.22, for a total transaction of $57,649.68. The sale 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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