Ffcm LLC Buys 1,242 Shares of International Paper Company (IP)

Ffcm LLC increased its stake in International Paper Company (NYSE:IP) by 148.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,081 shares of the basic materials company’s stock after buying an additional 1,242 shares during the quarter. Ffcm LLC’s holdings in International Paper were worth $119,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of International Paper by 0.3% in the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 6,426 shares of the basic materials company’s stock valued at $326,000 after buying an additional 20 shares in the last quarter. Vaughan David Investments Inc. IL grew its stake in shares of International Paper by 0.5% in the first quarter. Vaughan David Investments Inc. IL now owns 4,248 shares of the basic materials company’s stock valued at $216,000 after buying an additional 21 shares in the last quarter. Mechanics Bank Trust Department grew its stake in shares of International Paper by 0.6% in the second quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company’s stock valued at $253,000 after buying an additional 26 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in shares of International Paper by 0.8% in the first quarter. Checchi Capital Advisers LLC now owns 4,670 shares of the basic materials company’s stock valued at $237,000 after buying an additional 37 shares in the last quarter. Finally, Moloney Securities Asset Management LLC grew its stake in shares of International Paper by 0.9% in the second quarter. Moloney Securities Asset Management LLC now owns 4,989 shares of the basic materials company’s stock valued at $282,000 after buying an additional 44 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Shares of International Paper Company (IP) opened at 54.69 on Friday. International Paper Company has a 52-week low of $43.55 and a 52-week high of $58.95. The firm has a market capitalization of $22.58 billion, a PE ratio of 27.78 and a beta of 1.46. The company has a 50-day moving average price of $54.50 and a 200 day moving average price of $53.64.

International Paper (NYSE:IP) last announced its earnings results on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The business had revenue of $5.77 billion for the quarter, compared to the consensus estimate of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. International Paper’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. Analysts expect that International Paper Company will post $3.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend is Friday, August 11th. International Paper’s payout ratio is currently 93.91%.

A number of research firms have recently issued reports on IP. Royal Bank Of Canada reiterated a “buy” rating and issued a $65.00 target price on shares of International Paper in a research note on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $66.00 target price on shares of International Paper in a research note on Friday, August 18th. BMO Capital Markets restated a “buy” rating on shares of International Paper in a research note on Thursday, August 17th. DA Davidson upgraded International Paper from a “neutral” rating to a “buy” rating and raised their price objective for the company from $53.75 to $62.00 in a research note on Monday, August 14th. Finally, Barclays PLC restated a “sell” rating and set a $50.00 price objective on shares of International Paper in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. International Paper currently has a consensus rating of “Hold” and a consensus price target of $60.07.

In other news, insider Gregory T. Wanta sold 1,044 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.63% of the stock is owned by insiders.

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International Paper Company Profile

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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

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