International Paper Sees Unusually High Options Volume (IP)

International Paper Company (NYSE:IP) saw unusually large options trading activity on Thursday. Traders acquired 5,475 put options on the company. This represents an increase of approximately 1,801% compared to the average volume of 288 put options.

Shares of International Paper (IP) opened at $63.50 on Friday. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.48 and a quick ratio of 0.97. The company has a market cap of $26,220.00, a PE ratio of 29.26, a price-to-earnings-growth ratio of 1.46 and a beta of 1.47. International Paper has a one year low of $49.60 and a one year high of $63.71.

International Paper (NYSE:IP) last posted its quarterly earnings data on Wednesday, October 25th. The basic materials company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.04. The firm had revenue of $5.91 billion during 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 company’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same quarter last year, the business posted $0.91 EPS. equities research analysts forecast that International Paper will post 3.51 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 21st will be paid a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, February 20th. This represents a $1.90 annualized dividend and a yield of 2.99%. International Paper’s dividend payout ratio (DPR) is 87.56%.

Large investors have recently bought and sold shares of the business. FMR LLC increased its stake in International Paper by 9.9% in the 2nd quarter. FMR LLC now owns 359,574 shares of the basic materials company’s stock valued at $20,356,000 after buying an additional 32,461 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in International Paper by 16.7% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 59,568 shares of the basic materials company’s stock valued at $3,385,000 after buying an additional 8,505 shares during the last quarter. Fox Run Management L.L.C. increased its stake in International Paper by 22.1% in the 3rd quarter. Fox Run Management L.L.C. now owns 17,100 shares of the basic materials company’s stock valued at $972,000 after buying an additional 3,100 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in International Paper by 0.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,888,438 shares of the basic materials company’s stock valued at $107,301,000 after buying an additional 14,298 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in International Paper by 19.3% in the 3rd quarter. Mutual of America Capital Management LLC now owns 136,023 shares of the basic materials company’s stock valued at $7,729,000 after buying an additional 22,029 shares during the last quarter. Hedge funds and other institutional investors own 81.88% of the company’s stock.

IP has been the topic of a number of analyst reports. Stephens initiated coverage on shares of International Paper in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $60.00 target price on the stock. Bank of America upgraded shares of International Paper from a “neutral” rating to a “buy” rating and set a $66.00 target price on the stock in a report on Tuesday, January 2nd. Zacks Investment Research lowered shares of International Paper from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. KeyCorp restated a “hold” rating on shares of International Paper in a report on Thursday, October 12th. Finally, BMO Capital Markets restated a “buy” rating and issued a $62.00 target price on shares of International Paper in a report on Friday, November 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. International Paper presently has a consensus rating of “Hold” and a consensus price target of $63.25.

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International Paper Company 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.

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