Quantitative Systematic Strategies LLC Takes Position in International Paper (NYSE:IP)

Quantitative Systematic Strategies LLC bought a new stake in International Paper (NYSE:IP) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,609 shares of the basic materials company’s stock, valued at approximately $1,325,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group increased its stake in International Paper by 15.9% in the first quarter. Schroder Investment Management Group now owns 849,303 shares of the basic materials company’s stock valued at $45,922,000 after acquiring an additional 116,395 shares during the period. CWM Advisors LLC increased its stake in International Paper by 14.0% in the second quarter. CWM Advisors LLC now owns 28,203 shares of the basic materials company’s stock valued at $1,729,000 after acquiring an additional 3,473 shares during the period. National Pension Service increased its stake in International Paper by 6.5% in the first quarter. National Pension Service now owns 621,123 shares of the basic materials company’s stock valued at $33,584,000 after acquiring an additional 38,083 shares during the period. New York State Common Retirement Fund increased its stake in International Paper by 10.2% in the second quarter. New York State Common Retirement Fund now owns 423,046 shares of the basic materials company’s stock valued at $25,937,000 after acquiring an additional 39,046 shares during the period. Finally, Duality Advisers LP increased its stake in International Paper by 18.7% in the first quarter. Duality Advisers LP now owns 46,327 shares of the basic materials company’s stock valued at $2,505,000 after acquiring an additional 7,289 shares during the period. 81.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE IP traded down $1.59 during trading hours on Monday, hitting $55.01. The company’s stock had a trading volume of 67,640 shares, compared to its average volume of 2,669,855. The stock has a fifty day moving average of $58.90 and a 200 day moving average of $58.91. International Paper has a twelve month low of $38.38 and a twelve month high of $65.27. The firm has a market capitalization of $21.50 billion, a P/E ratio of 19.65 and a beta of 1.05. The company has a quick ratio of 1.20, a current ratio of 1.42 and a debt-to-equity ratio of 0.85.

International Paper (NYSE:IP) last posted its earnings results on Thursday, July 29th. The basic materials company reported $1.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.01. The company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $5.60 billion. International Paper had a net margin of 5.33% and a return on equity of 16.67%. On average, analysts predict that International Paper will post 4.87 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15th. Shareholders of record on Monday, August 16th were issued a $0.5125 dividend. The ex-dividend date was Friday, August 13th. This represents a $2.05 annualized dividend and a yield of 3.73%. International Paper’s dividend payout ratio (DPR) is presently 73.21%.

In other International Paper news, SVP Jeanmichel Ribieras sold 4,417 shares of the stock in a transaction on Tuesday, September 14th. The shares were sold at an average price of $57.75, for a total value of $255,081.75. Following the sale, the senior vice president now directly owns 61,333 shares in the company, valued at $3,541,980.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders acquired 128 shares of company stock worth $7,473. Company insiders own 0.42% of the company’s stock.

A number of analysts recently weighed in on the stock. Zacks Investment Research cut shares of International Paper from a “strong-buy” rating to a “hold” rating and set a $63.00 target price on the stock. in a research note on Monday, July 19th. Stephens raised shares of International Paper from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $58.00 to $80.00 in a research note on Monday, June 28th. Wells Fargo & Company upped their price objective on shares of International Paper from $66.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, June 7th. Jefferies Financial Group upped their price objective on shares of International Paper from $78.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, June 4th. Finally, Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research note on Friday, June 11th. Three analysts have rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, International Paper presently has an average rating of “Hold” and a consensus target price of $64.45.

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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