Town & Country Bank & Trust CO dba First Bankers Trust CO lessened its stake in International Paper Co (NYSE:IP) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,965 shares of the basic materials company’s stock after selling 950 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO’s holdings in International Paper were worth $432,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IP. Norges Bank bought a new stake in shares of International Paper in the fourth quarter valued at about $158,215,000. Ronna Sue Cohen lifted its stake in International Paper by 4,416.5% during the first quarter. Ronna Sue Cohen now owns 3,646,825 shares of the basic materials company’s stock worth $3,647,000 after purchasing an additional 3,566,080 shares during the period. BlackRock Inc. lifted its stake in International Paper by 4.9% during the first quarter. BlackRock Inc. now owns 38,343,898 shares of the basic materials company’s stock worth $1,774,172,000 after purchasing an additional 1,784,970 shares during the period. Dimensional Fund Advisors LP lifted its stake in International Paper by 67.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,553 shares of the basic materials company’s stock worth $167,264,000 after purchasing an additional 1,667,274 shares during the period. Finally, Geode Capital Management LLC lifted its stake in International Paper by 7.6% during the fourth quarter. Geode Capital Management LLC now owns 5,468,347 shares of the basic materials company’s stock worth $220,435,000 after purchasing an additional 384,793 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.

NYSE:IP opened at $45.30 on Friday. International Paper Co has a 1 year low of $37.55 and a 1 year high of $54.95. The firm has a 50 day moving average price of $43.40. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $18.00 billion, a PE ratio of 8.52, a P/E/G ratio of 1.89 and a beta of 1.49.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 25th. The basic materials company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.14. International Paper had a net margin of 6.88% and a return on equity of 30.14%. The company had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.77 billion. During the same quarter in the previous year, the company posted $1.19 earnings per share. International Paper’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, analysts anticipate that International Paper Co will post 4.86 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date is Wednesday, August 14th. International Paper’s dividend payout ratio (DPR) is currently 37.59%.

A number of research analysts have commented on IP shares. Barclays restated a “sell” rating on shares of easyJet in a research note on Monday, April 1st. Royal Bank of Canada upgraded shares of Snap from a “sector perform” rating to an “outperform” rating and raised their price target for the stock from $10.00 to $17.00 in a research note on Friday, April 5th. KeyCorp cut shares of Masco from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Bank of America cut shares of Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Finally, Citigroup raised their price target on shares of Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.82.

In related news, SVP Thomas J. Plath sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $45.17, for a total value of $45,170.00. Following the completion of the sale, the senior vice president now owns 30,671 shares of the company’s stock, valued at $1,385,409.07. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The shares were sold at an average price of $46.85, for a total transaction of $234,250.00. The disclosure for this sale can be found here. Insiders sold 28,507 shares of company stock valued at $1,291,560 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

International Paper Company 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.

Featured Story: Discover Your Risk Tolerance

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

Receive News & Ratings for International Paper Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Paper and related companies with MarketBeat.com's FREE daily email newsletter.