DekaBank Deutsche Girozentrale Has $3.56 Million Holdings in International Paper Company (IP)

DekaBank Deutsche Girozentrale reduced its position in shares of International Paper Company (NYSE:IP) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 63,805 shares of the basic materials company’s stock after selling 2,507 shares during the period. DekaBank Deutsche Girozentrale’s holdings in International Paper were worth $3,558,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. acquired a new stake in shares of International Paper during the 2nd quarter worth about $424,000. IHT Wealth Management LLC boosted its stake in shares of International Paper by 26.8% during the 2nd quarter. IHT Wealth Management LLC now owns 1,310 shares of the basic materials company’s stock worth $650,000 after purchasing an additional 277 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of International Paper by 2.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,043 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 47 shares during the last quarter. Ffcm LLC boosted its stake in shares of International Paper by 148.0% during the 2nd quarter. Ffcm LLC now owns 2,081 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 1,242 shares during the last quarter. Finally, Asset Advisors Corp boosted its stake in shares of International Paper by 3.6% during the 2nd quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock worth $136,000 after purchasing an additional 84 shares during the last quarter. 82.58% of the stock is currently owned by institutional investors.

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International Paper Company (IP) opened at $54.15 on Tuesday. The company has a market cap of $22,360.00, a P/E ratio of 17.72, a P/E/G ratio of 1.63 and a beta of 1.47. International Paper Company has a 1-year low of $47.85 and a 1-year high of $58.96. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97.

International Paper (NYSE:IP) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.04. The company had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.85 billion. International Paper had a net margin of 4.00% and a return on equity of 27.56%. The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. equities analysts expect that International Paper Company will post 3.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.475 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.51%. This is a positive change from International Paper’s previous quarterly dividend of $0.46. International Paper’s dividend payout ratio (DPR) is currently 87.56%.

IP has been the topic of several research analyst reports. Zacks Investment Research cut shares of International Paper from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. ValuEngine cut shares of International Paper from a “buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Barclays PLC raised their target price on shares of International Paper from $50.00 to $52.00 and gave the stock an “underweight” rating in a research report on Monday, October 30th. Vertical Research reissued a “buy” rating on shares of International Paper in a research report on Friday, July 28th. Finally, Credit Suisse Group raised their target price on shares of International Paper from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $61.73.

International Paper 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.

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

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