International Paper (NYSE:IP) Shares Sold by Caption Management LLC

Caption Management LLC lessened its stake in shares of International Paper (NYSE:IPGet Rating) by 77.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,000 shares of the basic materials company’s stock after selling 34,200 shares during the period. Caption Management LLC’s holdings in International Paper were worth $418,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in International Paper by 12.1% during the 1st quarter. BlackRock Inc. now owns 35,263,405 shares of the basic materials company’s stock worth $1,627,407,000 after purchasing an additional 3,811,743 shares during the last quarter. Pictet Asset Management SA raised its holdings in International Paper by 35.7% in the 2nd quarter. Pictet Asset Management SA now owns 5,057,703 shares of the basic materials company’s stock valued at $211,564,000 after acquiring an additional 1,329,598 shares during the last quarter. Cowa LLC lifted its stake in International Paper by 13,649.1% in the 1st quarter. Cowa LLC now owns 1,002,172 shares of the basic materials company’s stock worth $463,000 after purchasing an additional 994,883 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of International Paper by 117.6% during the 1st quarter. First Trust Advisors LP now owns 1,591,552 shares of the basic materials company’s stock worth $73,450,000 after purchasing an additional 860,180 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of International Paper by 15.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,160,141 shares of the basic materials company’s stock valued at $191,991,000 after purchasing an additional 557,451 shares in the last quarter. Institutional investors and hedge funds own 85.84% of the company’s stock.

Analysts Set New Price Targets

IP has been the topic of a number of recent research reports. StockNews.com assumed coverage on International Paper in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. Bank of America dropped their price objective on shares of International Paper from $46.00 to $37.00 in a report on Thursday, October 13th. Jefferies Financial Group downgraded shares of International Paper from a “hold” rating to an “underperform” rating and reduced their target price for the stock from $40.00 to $31.00 in a research note on Friday, September 16th. KeyCorp decreased their target price on shares of International Paper from $37.00 to $27.00 and set an “underweight” rating on the stock in a report on Friday, September 30th. Finally, Royal Bank of Canada reduced their price target on shares of International Paper from $38.00 to $36.00 and set a “sector perform” rating on the stock in a research report on Friday, October 28th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, International Paper presently has an average rating of “Hold” and a consensus target price of $34.44.

Insider Transactions at International Paper

In other news, major shareholder Paper Co /New/ International sold 4,614,358 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.25, for a total transaction of $167,270,477.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Paper Co /New/ International sold 4,614,358 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $36.25, for a total transaction of $167,270,477.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Thomas J. Plath sold 2,000 shares of the stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $36.00, for a total transaction of $72,000.00. Following the sale, the senior vice president now directly owns 49,953 shares in the company, valued at approximately $1,798,308. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,623,858 shares of company stock valued at $167,594,928. 0.42% of the stock is currently owned by corporate insiders.

International Paper Trading Up 0.1 %

Shares of IP stock opened at $36.17 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.38 and a quick ratio of 0.97. The firm has a market cap of $12.86 billion, a PE ratio of 6.89 and a beta of 1.01. The company has a 50-day moving average of $34.31 and a two-hundred day moving average of $39.53. International Paper has a 1-year low of $30.69 and a 1-year high of $50.23.

International Paper (NYSE:IPGet Rating) last announced its earnings results on Thursday, October 27th. The basic materials company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.21). The company had revenue of $5.40 billion for the quarter, compared to analysts’ expectations of $5.32 billion. International Paper had a return on equity of 15.47% and a net margin of 9.14%. On average, analysts predict that International Paper will post 3.7 EPS for the current year.

International Paper Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.4625 per share. The ex-dividend date is Monday, November 14th. This represents a $1.85 annualized dividend and a dividend yield of 5.11%. International Paper’s dividend payout ratio is presently 35.24%.

International Paper Company Profile

(Get Rating)

International Paper Company operates as a packaging company primarily in United States, the Middle East, Europe, Africa, Pacific Rim, Asia, and rest of the Americas. It operates through two segments: Industrial Packaging and Global Cellulose Fibers. The Industrial Packaging segment manufactures containerboards, including 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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