Nomura Asset Management Co. Ltd. raised its stake in shares of International Paper Co (NYSE:IP) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,568 shares of the basic materials company’s stock after purchasing an additional 2,833 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in International Paper were worth $3,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently made changes to their positions in the company. FTB Advisors Inc. increased its position in International Paper by 6.0% during the first quarter. FTB Advisors Inc. now owns 58,132 shares of the basic materials company’s stock worth $3,098,000 after buying an additional 3,307 shares in the last quarter. Daiwa Securities Group Inc. increased its position in International Paper by 9.0% during the first quarter. Daiwa Securities Group Inc. now owns 15,133 shares of the basic materials company’s stock worth $809,000 after buying an additional 1,246 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in International Paper by 31.8% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 60,967 shares of the basic materials company’s stock worth $3,180,000 after buying an additional 14,703 shares in the last quarter. Dupont Capital Management Corp purchased a new position in International Paper during the first quarter worth $196,000. Finally, Wedge Capital Management L L P NC grew its position in shares of International Paper by 4.2% in the first quarter. Wedge Capital Management L L P NC now owns 149,895 shares of the basic materials company’s stock valued at $8,009,000 after purchasing an additional 6,099 shares during the period. Institutional investors and hedge funds own 81.89% of the company’s stock.

A number of brokerages have recently commented on IP. Zacks Investment Research downgraded International Paper from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Stephens reaffirmed a “hold” rating and issued a $57.00 price objective on shares of International Paper in a research report on Thursday, July 5th. ValuEngine downgraded International Paper from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Deutsche Bank began coverage on International Paper in a research report on Monday, June 18th. They issued a “hold” rating and a $64.00 price objective for the company. Finally, BMO Capital Markets lowered their price objective on International Paper from $70.00 to $66.00 and set an “outperform” rating for the company in a research report on Friday, July 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $64.50.

In other International Paper news, SVP Sharon R. Ryan sold 15,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $52.87, for a total transaction of $793,050.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider W. Michael Jr. Amick sold 10,930 shares of the business’s stock in a transaction dated Monday, June 18th. The stock was sold at an average price of $55.86, for a total value of $610,549.80. Following the transaction, the insider now owns 29,844 shares in the company, valued at approximately $1,667,085.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,930 shares of company stock worth $2,652,980. 0.32% of the stock is currently owned by insiders.

IP stock opened at $51.61 on Friday. International Paper Co has a 12-month low of $50.00 and a 12-month high of $66.94. The company has a quick ratio of 1.13, a current ratio of 1.57 and a debt-to-equity ratio of 1.57. The stock has a market cap of $21.31 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.05 and a beta of 1.50.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, July 26th. The basic materials company reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.10. The firm had revenue of $5.83 billion during the quarter, compared to the consensus estimate of $5.80 billion. International Paper had a return on equity of 29.24% and a net margin of 12.95%. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. research analysts anticipate that International Paper Co will post 5.23 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Wednesday, August 15th will be paid a dividend of $0.475 per share. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date of this dividend is Tuesday, August 14th. International Paper’s dividend payout ratio is presently 54.44%.

About International Paper

International Paper Company operates as a paper and packaging company primarily in North America, Europe, Latin America, North Africa, India, and Russia. It operates through three segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment manufactures containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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

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