Commerzbank Aktiengesellschaft FI Increases Position in International Paper Co (NYSE:IP)

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Commerzbank Aktiengesellschaft FI raised its position in International Paper Co (NYSE:IP) by 41.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,598 shares of the basic materials company’s stock after purchasing an additional 15,983 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in International Paper were worth $2,283,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Carroll Financial Associates Inc. grew its stake in shares of International Paper by 17.0% in the second quarter. Carroll Financial Associates Inc. now owns 1,671 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 243 shares in the last quarter. Columbus Macro LLC grew its stake in shares of International Paper by 2.4% in the second quarter. Columbus Macro LLC now owns 10,706 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 255 shares in the last quarter. Vivaldi Capital Management LLC grew its stake in shares of International Paper by 5.8% in the second quarter. Vivaldi Capital Management LLC now owns 4,741 shares of the basic materials company’s stock worth $205,000 after acquiring an additional 262 shares in the last quarter. Homrich & Berg grew its stake in shares of International Paper by 5.3% in the second quarter. Homrich & Berg now owns 5,391 shares of the basic materials company’s stock worth $234,000 after acquiring an additional 271 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. grew its stake in shares of International Paper by 1.3% in the second quarter. Vestmark Advisory Solutions Inc. now owns 22,670 shares of the basic materials company’s stock worth $982,000 after acquiring an additional 288 shares in the last quarter. 81.66% of the stock is currently owned by institutional investors.

Shares of IP stock opened at $42.26 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.38. The firm has a fifty day moving average price of $40.54 and a 200 day moving average price of $42.76. The company has a market cap of $16.45 billion, a P/E ratio of 7.94, a PEG ratio of 1.88 and a beta of 1.53. International Paper Co has a 12 month low of $36.45 and a 12 month high of $48.24.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 25th. The basic materials company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.14. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.77 billion. International Paper had a net margin of 6.88% and a return on equity of 30.14%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.19 earnings per share. On average, equities analysts forecast that International Paper Co will post 4.45 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.5125 per share. The ex-dividend date is Thursday, November 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 4.85%. This is an increase from International Paper’s previous quarterly dividend of $0.50. International Paper’s payout ratio is presently 37.59%.

Several equities analysts have commented on IP shares. Wells Fargo & Co dropped their price target on shares of International Paper from $43.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday, October 8th. KeyCorp restated a “sell” rating and issued a $38.00 price target on shares of International Paper in a research note on Thursday, July 25th. Citigroup dropped their price target on shares of International Paper from $45.00 to $43.00 and set a “neutral” rating for the company in a research note on Thursday. UBS Group set a $50.00 price target on shares of International Paper and gave the stock a “buy” rating in a research note on Monday, June 24th. Finally, Stephens set a $50.00 price target on shares of International Paper and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $45.20.

In related news, SVP Timothy S. Nicholls sold 45,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $42.44, for a total transaction of $1,909,800.00. Following the completion of the transaction, the senior vice president now owns 60,490 shares in the company, valued at $2,567,195.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Sharon R. Ryan sold 22,507 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $44.97, for a total transaction of $1,012,139.79. Following the transaction, the senior vice president now owns 61,554 shares of the company’s stock, valued at approximately $2,768,083.38. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

International Paper Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include 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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