Huntington National Bank lessened its position in shares of International Paper Co (NYSE:IP) by 1.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 33,313 shares of the basic materials company’s stock after selling 330 shares during the period. Huntington National Bank’s holdings in International Paper were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of IP. Norges Bank bought a new stake in International Paper during the 4th quarter worth approximately $158,215,000. Ronna Sue Cohen grew its stake in International Paper by 4,416.5% in the 1st quarter. Ronna Sue Cohen now owns 3,646,825 shares of the basic materials company’s stock worth $3,647,000 after buying an additional 3,566,080 shares in the last quarter. BlackRock Inc. grew its stake in International Paper by 4.9% in the 1st quarter. BlackRock Inc. now owns 38,343,898 shares of the basic materials company’s stock worth $1,774,172,000 after buying an additional 1,784,970 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in International Paper by 67.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,144,553 shares of the basic materials company’s stock worth $167,264,000 after buying an additional 1,667,274 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in International Paper by 7.6% in the 4th quarter. Geode Capital Management LLC now owns 5,468,347 shares of the basic materials company’s stock worth $220,435,000 after buying an additional 384,793 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

NYSE IP traded down $0.32 during trading on Monday, hitting $44.98. The company had a trading volume of 587,863 shares, compared to its average volume of 3,029,377. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.34. International Paper Co has a one year low of $37.55 and a one year high of $54.95. The firm has a market capitalization of $18.00 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. The stock has a fifty day simple moving average of $43.40.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 25th. The basic materials company reported $1.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.14. International Paper had a net margin of 6.88% and a return on equity of 30.14%. The business had revenue of $5.67 billion during the quarter, compared to analyst estimates of $5.77 billion. During the same period in the prior year, the business earned $1.19 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. As a group, equities research analysts expect that International Paper Co will post 4.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.50 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $2.00 annualized dividend and a yield of 4.45%. International Paper’s dividend payout ratio (DPR) is presently 37.59%.

A number of research firms have commented on IP. Royal Bank of Canada raised shares of Snap from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from $10.00 to $17.00 in a research note on Friday, April 5th. UBS Group reaffirmed a “sell” rating on shares of in a research note on Monday, June 24th. KeyCorp cut shares of Masco from an “overweight” rating to a “sector weight” rating in a research note on Thursday. Citigroup upped their price objective on shares of Silgan from $34.00 to $36.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Bank of America cut shares of Propetro from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 16th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.82.

In related news, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $46.85, for a total value of $234,250.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Sharon R. Ryan sold 22,507 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president now owns 61,554 shares of the company’s stock, valued at $2,768,083.38. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,507 shares of company stock valued at $1,291,560. 0.33% of the stock is owned by company 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.

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

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