65,100 Shares of International Paper Company $IP Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund purchased a new position in International Paper Company (NYSE:IP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 65,100 shares of the basic materials company’s stock, valued at approximately $2,159,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Salomon & Ludwin LLC acquired a new stake in shares of International Paper in the third quarter worth approximately $25,000. Aberdeen Wealth Management LLC acquired a new position in International Paper during the second quarter worth approximately $27,000. Essential Investment Partners LLC purchased a new position in International Paper during the third quarter worth approximately $27,000. Ascentis Independent Advisors purchased a new position in International Paper during the first quarter worth approximately $28,000. Finally, Delta Asset Management LLC TN purchased a new position in International Paper during the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

International Paper Trading Up 0.9%

Shares of International Paper stock traded up $0.30 during trading hours on Friday, hitting $34.54. The company’s stock had a trading volume of 4,488,303 shares, compared to its average volume of 5,793,916. The business has a fifty day moving average of $34.38 and a 200 day moving average of $37.24. International Paper Company has a 1-year low of $29.26 and a 1-year high of $50.25. The company has a quick ratio of 0.77, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $18.29 billion, a PE ratio of -5.27, a P/E/G ratio of 5.42 and a beta of 0.97.

International Paper (NYSE:IP) last posted its earnings results on Wednesday, October 28th. The basic materials company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.08. International Paper had a negative net margin of 14.32% and a positive return on equity of 1.77%. The business had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the business posted ($0.43) EPS. The business’s quarterly revenue was down .4% on a year-over-year basis. As a group, equities analysts forecast that International Paper Company will post 1.13 EPS for the current year.

International Paper Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.4625 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.4%. International Paper’s dividend payout ratio (DPR) is -28.20%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IP. Royal Bank Of Canada upped their price objective on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Citigroup reduced their target price on International Paper from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 30th. Wall Street Zen raised International Paper from a “sell” rating to a “hold” rating in a research report on Saturday. Loop Capital set a $61.00 price target on International Paper in a research note on Tuesday, July 28th. Finally, Seaport Research Partners restated a “buy” rating and issued a $46.00 price objective on shares of International Paper in a report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, International Paper presently has an average rating of “Moderate Buy” and an average price target of $45.44.

International Paper Profile

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.