International Paper Company (IP) Shares Bought by Summit Financial Wealth Advisors LLC

Marco Green
November 15, 2017

The institutional investor owned 57,901 shares of the company's stock after buying an additional 17,270 shares during the period.

HighPoint Advisor Group LLC lessened its position in International Paper Company (NYSE:IP) by 28.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).

Several institutional investors have recently added to or reduced their stakes in IP. Iridian Asset Management LLC CT now owns 5,342,050 shares of the basic materials company's stock worth $302,413,000 after acquiring an additional 1,596,230 shares during the period. The Q1 2018 consensus earnings estimates for the company have stabilized at US$1.01 per share. Brown Advisory holds 0% in International Paper Co (NYSE:IP) or 24,023 shares. RPg Family Wealth Advisory, LLC expanded its investment by buying 193 shares an increase of 20.7% in the quarter. Mechanics Bank Trust Department now owns 4,467 shares of the basic materials company's stock valued at $253,000 after buying an additional 26 shares during the period. Krilogy Financial LLC lifted its position in shares of International Paper by 9.3% in the second quarter. Ameriprise Financial Inc. now owns 6,335,943 shares of the basic materials company's stock worth $359,118,000 after acquiring an additional 966,103 shares during the period. Moreover, Polaris Capital Management Llc has 0.16% invested in the company for 271,100 shares. Zacks Investment Research upgraded shares of International Paper from a "sell" rating to a "hold" rating in a report on Monday, October 2nd. Credit Suisse Group boosted their price objective on shares of International Paper from $63.00 to $66.00 and gave the company a "neutral" rating in a research report on Friday, October 27th. Zacks Investment Research lowered shares of International Paper from a "hold" rating to a "sell" rating in a research note on Tuesday, September 26th. Stephens issued a report on IP with an initial rating of "Equal Weight". International Paper now has a consensus rating of "Hold" and an average target price of C$61.73. One research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. First Corp In owns 500 shares or 0.02% of their United States portfolio. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of global copyright & trademark laws.

Investors may be interested in viewing the Gross Margin score on shares of International Paper Company (NYSE:IP).

Shares of International Paper (NYSE IP) traded down $0.46 during trading hours on Monday, reaching $54.39. The company has a quick ratio of 0.97, a current ratio of 1.48 and a debt-to-equity ratio of 2.31.

International Paper Company (NYSE:IP) now has a Montier C-score of 3. International Paper Company has a 1 year low of C$45.19 and a 1 year high of C$58.96.

International Paper (NYSE:IP) last released its earnings results on Wednesday, October 25th. In the latest earnings report the EPS was $2.17 with 448.90M shares outstanding. The firm had revenue of C$5.91 billion for the quarter, compared to analysts' expectations of C$5.85 billion. "Buys DowDuPont Inc, International Paper Co ..." on October 27, 2017. The firm's revenue for the quarter was up 12.3% compared to the same quarter past year.

International Paper Company (IP) has an annual dividend of $1.9, while its annual dividend yield is 3.49%.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.475 per share. The stock now has an 8 year dividend growth rate of 24.28%, a 5 year of 11.21%, and a 3 year of 8.46%. The ex-dividend date is Tuesday, November 14th. Norris Perne And French Limited Liability Partnership Mi stated it has 0.06% of its portfolio in International Paper Co (NYSE:IP). The MF Rank of International Paper Company (NYSE:IP) is 7139.

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