WINTON GROUP Ltd lifted its holdings in International Paper Co (NYSE:IP) by 81.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,503 shares of the basic materials company’s stock after buying an additional 7,863 shares during the period. WINTON GROUP Ltd’s holdings in International Paper were worth $758,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Advisory Alpha LLC acquired a new stake in shares of International Paper in the first quarter worth $25,000. Bremer Bank National Association acquired a new stake in shares of International Paper in the first quarter worth $28,000. Truvestments Capital LLC acquired a new stake in shares of International Paper in the first quarter worth $30,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new stake in shares of International Paper in the first quarter worth $32,000. Finally, Pinnacle Bank acquired a new stake in shares of International Paper in the fourth quarter worth $36,000. 81.22% of the stock is owned by institutional investors and hedge funds.

In other International Paper news, SVP Sharon R. Ryan sold 22,507 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $44.97, for a total value of $1,012,139.79. Following the completion of the sale, the senior vice president now owns 61,554 shares of the company’s stock, valued at $2,768,083.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the business’s stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total value 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 ninety days. Insiders own 0.33% of the company’s stock.

IP has been the subject of several recent analyst reports. Stephens set a $120.00 target price on Electronic Arts and gave the stock a “buy” rating in a research report on Monday, June 24th. Royal Bank of Canada raised Snap from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from $10.00 to $17.00 in a research report on Friday, April 5th. Barclays reissued a “sell” rating on shares of easyJet in a research report on Monday, April 1st. Citigroup lifted their price objective on Silgan from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Bank of America cut Propetro from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 16th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $47.82.

IP traded down $0.35 during trading on Monday, reaching $44.95. 55,195 shares of the stock traded hands, compared to its average volume of 3,029,377. The stock has a market cap of $18.00 billion, a PE ratio of 8.46, a price-to-earnings-growth ratio of 1.91 and a beta of 1.49. International Paper Co has a fifty-two week low of $37.55 and a fifty-two week high of $54.95. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.02 and a current ratio of 1.46. The firm’s 50-day moving average price is $43.40.

International Paper (NYSE:IP) last released its quarterly earnings data 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. The firm had revenue of $5.67 billion during the quarter, compared to analysts’ expectations of $5.77 billion. International Paper had a return on equity of 30.14% and a net margin of 6.88%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. On average, equities research analysts expect that International Paper Co will post 4.75 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.45%. International Paper’s dividend payout ratio is currently 37.59%.

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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