Raiffeisen Bank International AG Has $63,000 Stock Position in International Paper Company $IP

Raiffeisen Bank International AG cut its holdings in shares of International Paper Company (NYSE:IP) by 74.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,352 shares of the basic materials company’s stock after selling 3,935 shares during the period. Raiffeisen Bank International AG’s holdings in International Paper were worth $63,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Rise Advisors LLC increased its holdings in International Paper by 281.3% during the 1st quarter. Rise Advisors LLC now owns 469 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 346 shares in the last quarter. AlphaQuest LLC lifted its holdings in shares of International Paper by 63,400.0% in the second quarter. AlphaQuest LLC now owns 635 shares of the basic materials company’s stock valued at $30,000 after purchasing an additional 634 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of International Paper during the second quarter valued at approximately $33,000. Zions Bancorporation National Association UT purchased a new position in shares of International Paper during the first quarter valued at approximately $34,000. Finally, Quintet Private Bank Europe S.A. bought a new stake in International Paper during the second quarter worth $37,000. Institutional investors own 81.95% of the company’s stock.

International Paper Price Performance

Shares of NYSE:IP opened at $36.41 on Thursday. The company has a market capitalization of $19.23 billion, a P/E ratio of -364.10, a price-to-earnings-growth ratio of 0.54 and a beta of 1.12. The company’s 50-day moving average is $43.87 and its 200 day moving average is $46.91. 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 Company has a fifty-two week low of $35.79 and a fifty-two week high of $60.36.

International Paper (NYSE:IP) last announced its quarterly earnings data 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). The company had revenue of $6.22 billion during the quarter, compared to the consensus estimate of $6.76 billion. International Paper had a positive return on equity of 2.63% and a negative net margin of 0.12%.The business’s revenue was up 56.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 EPS. On average, equities research analysts forecast that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 5.1%. International Paper’s payout ratio is -70.88%.

Analysts Set New Price Targets

Several equities analysts have weighed in on IP shares. Zacks Research cut International Paper from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Jefferies Financial Group lowered their target price on shares of International Paper from $61.00 to $59.00 and set a “buy” rating for the company in a report on Friday, September 26th. Stifel Nicolaus set a $57.80 price target on shares of International Paper and gave the stock a “buy” rating in a report on Friday, October 17th. Bank of America raised shares of International Paper from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $55.00 to $57.00 in a research report on Thursday, August 28th. Finally, Wall Street Zen cut shares of International Paper from a “hold” rating to a “sell” rating in a research report on Saturday, October 18th. Seven analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.92.

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 stock was sold at an average price of $45.53, for a total value of $409,770.00. Following the completion of the sale, the senior vice president directly owned 27,673 shares of the company’s stock, valued at $1,259,951.69. This trade represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.55% of the company’s stock.

International Paper Profile

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.