International Paper Company $IP Position Lessened by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lowered its position in International Paper Company (NYSE:IP) by 18.1% during the second quarter, HoldingsChannel.com reports. The firm owned 7,061 shares of the basic materials company’s stock after selling 1,556 shares during the quarter. Coldstream Capital Management Inc.’s holdings in International Paper were worth $331,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IP. Charles Schwab Investment Management Inc. increased its holdings in International Paper by 0.8% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,016,340 shares of the basic materials company’s stock worth $234,915,000 after buying an additional 42,069 shares during the last quarter. Covalis Capital LLP acquired a new stake in International Paper in the second quarter valued at approximately $2,908,000. Tableaux LLC bought a new stake in International Paper in the second quarter worth approximately $2,342,000. Rhumbline Advisers increased its stake in shares of International Paper by 1.1% during the 2nd quarter. Rhumbline Advisers now owns 954,248 shares of the basic materials company’s stock worth $44,687,000 after purchasing an additional 10,043 shares during the last quarter. Finally, Mufg Securities Americas Inc. raised its holdings in shares of International Paper by 25.4% during the 2nd quarter. Mufg Securities Americas Inc. now owns 11,699 shares of the basic materials company’s stock valued at $548,000 after purchasing an additional 2,366 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group decreased their price objective on shares of International Paper from $60.00 to $55.00 and set a “buy” rating for the company in a report on Monday, October 6th. JPMorgan Chase & Co. decreased their price target on International Paper from $54.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Royal Bank Of Canada lowered their price objective on International Paper from $61.00 to $57.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of International Paper in a report on Monday. Finally, Jefferies Financial Group lowered their price target on International Paper from $61.00 to $59.00 and set a “buy” rating on the stock in a report on Friday, September 26th. Nine analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.62.

International Paper Price Performance

NYSE IP opened at $39.48 on Friday. The stock has a 50-day simple moving average of $42.73 and a 200 day simple moving average of $46.58. International Paper Company has a twelve month low of $35.56 and a twelve month high of $60.15. The stock has a market capitalization of $20.85 billion, a PE ratio of -394.80, a P/E/G ratio of 0.54 and a beta of 1.12. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.33.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, October 30th. The basic materials company reported ($0.43) EPS for the quarter, missing the consensus estimate of $0.53 by ($0.96). International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.76 billion. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was up 56.4% on a year-over-year basis. Research analysts anticipate that International Paper Company will post 2.77 EPS for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.7%. International Paper’s payout ratio is currently -70.88%.

Insiders Place Their Bets

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the sale, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. This trade represents a 24.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.35% of the stock is currently owned by company insiders.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.