Ronna Sue Cohen Purchases 71 Shares of International Paper Company (IP)

Paterniano Del Favero
Agosto 12, 2017

Riverhead Capital Management has an ownership of 1,465 stocks of the basic materials firms shares valued at $117,000 after scooping up an extra 665 shares through out the previous quarter, Bruderman Asset Management bought a fresh position in Neenah Paper through out the Fiscal Q2 worth at about $127,000. Atria Investments LLC's holdings in International Paper were worth $2,642,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. now owns 47,224 shares of the basic materials company's stock worth $3,528,000 after buying an additional 6,406 shares during the last quarter. Bank of New York Mellon Corp raised its position in International Paper by 13.1% in the second quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company's stock valued at $160,000 after buying an additional 3,098 shares during the last quarter. Iridian Asset Management LLC CT raised its stake in International Paper by 149.4% in the first quarter. JPMorgan Chase & Co. now owns 438,814 shares of the basic materials company's stock valued at $22,282,000 after buying an additional 9,553 shares in the last quarter. Vanguard Group Inc. increased its position in shares of International Paper by 2.5% in the first quarter. Private Trust Co. NA now owns 5,245 shares of the basic materials company's stock valued at $296,000 after buying an additional 492 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Shares of International Paper (IP) traded up 0.42% during trading on Monday, reaching $55.21. 1,212,099 shares of the company were exchanged.

The company now has a P/E ratio of 26.7020 and the market cap of the company is 21.71B. International Paper Company has a 12 month low of $43.55 and a 12 month high of $58.95. The stock has a 50-day moving average price of $56.00 and a 200-day moving average price of $53.67.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, July 27th. The basic materials company reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.08 by $0.14. Neenah Paper had a net margin of 7.99% and a return on equity of 21.03%. The company had revenue of $248.70 million during the quarter, compared to the consensus estimate of $250.88 million. During the same quarter in the previous year, the company earned $0.92 EPS. The firm's revenue was up 8.5% compared to the same quarter a year ago.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a $0.4625 dividend. This dividend represents a yeild of $3.43 which is the dividend as a percentage of the current share price. The ex-dividend date is Friday, August 11th. International Paper's payout ratio is now 93.91%.

ILLEGAL ACTIVITY WARNING: "Neenah Paper (NYSE:NP) Receiving Somewhat Positive News Coverage, Report Shows" was first reported by Week Herald and is owned by of Week Herald. If you are accessing this article on another website, it was illegally stolen and reposted in violation of USA and global trademark and copyright laws. Royal Bank Of Canada raised International Paper from a "sector perform" rating to an "outperform" rating and increased their price target for the company from $50.00 to $56.00 in a report on Wednesday, April 19th. Zacks Investment Research upgraded shares of International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 30th. ValuEngine cut Neenah Paper from a "buy" rating to a "hold" rating in a research note on Saturday, May 27th. Vertical Research reissued a "buy" rating on shares of International Paper in a research note on Friday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. International Paper has an average rating of "Hold" and an average target price of $57.89.

In other news, VP Larry Newton Brownlee sold 1,450 shares of the business's stock in a transaction that occurred on Monday, June 5th. This repurchase authorization allows the basic materials company to reacquire up to 2% of its shares through open market purchases. shares repurchase programs are generally a sign that the firms leadership believes its Stocks are undervalued. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

The company declined -2.25% and closed its last trading session at $53.41.

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.

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