Dividend Buzzer: International Paper Company (NYSE:IP) gearing towards $0.46 dividends on Dec 15, 2016.

Dividend Buzzer: International Paper Company (NYSE:IP) gearing towards $0.46 dividends on Dec 15, 2016.

International Paper Company (NYSE:IP) is expected to pay $0.46 on Dec 15, 2016. The indicated annual dividend is $1.85. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on International Paper Company’s current price of $44.75, the dividend is 1.03%. This dividend’s record date is Nov 15, 2016 and the announcement date is Oct 11, 2016. The stock increased 0.63% or $0.28 during the last trading session, hitting $44.75. International Paper Co (NYSE:IP) has risen 13.01% since April 7, 2016 and is uptrending. It has outperformed by 8.22% the S&P500.

International Paper Company is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The company has a market cap of $18.61 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 21.37 P/E ratio. It is a maker of containerboard in the United States.

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.17, from 1.23 in 2016Q1. The ratio turned negative, as 56 funds sold all International Paper Co shares owned while 222 reduced positions. 62 funds bought stakes while 234 increased positions. They now own 330.54 million shares or 4.04% less from 344.44 million shares in 2016Q1.
Baker Ellis Asset Ltd Llc, a Oregon-based fund reported 71,992 shares. Mark Sheptoff Fincl Planning Ltd Liability Corp has 0.02% invested in the company for 600 shares. Old Mutual Glob Invsts (Uk) has 0.13% invested in the company for 161,158 shares. Franklin Res owns 10.75 million shares or 0.25% of their US portfolio. Moreover, Northern has 0.07% invested in International Paper Co (NYSE:IP) for 4.74M shares. Herndon Capital Mgmt Lc holds 0% or 38 shares in its portfolio. Td Ltd Limited Liability Company holds 0.07% or 5,053 shares in its portfolio. Global X Management Llc holds 0% or 626 shares in its portfolio. Aperio Grp Limited Liability Co accumulated 0.07% or 199,823 shares. The Pennsylvania-based Susquehanna International Llp has invested 0% in International Paper Co (NYSE:IP). Folger Nolan Fleming Douglas Capital owns 5,809 shares or 0.04% of their US portfolio. Bokf Na has 0.09% invested in the company for 62,969 shares. Hennessy Advsr has invested 0.08% of its portfolio in International Paper Co (NYSE:IP). Adirondack Trust has 0.06% invested in the company for 1,975 shares. Braver Wealth Mngmt Ltd Liability Corp reported 61,124 shares or 0.44% of all its holdings.

Insider Transactions: Since May 11, 2016, the stock had 0 insider buys, and 4 insider sales for $2.56 million net activity. Amick W. Michael Jr. sold $137,886 worth of stock. The insider Kadien Thomas G sold 10,000 shares worth $478,631. 20,000 shares were sold by Hoel William P, worth $962,474. Shares for $555,160 were sold by Nicholls Timothy S. Shares for $566,194 were sold by Roberts Carol L on Monday, August 8.

International Paper Co (NYSE:IP) Ratings Coverage

Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 8% are positive. International Paper Company has been the topic of 27 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating given on Tuesday, May 3 by Jefferies. The firm earned “Hold” rating on Tuesday, September 15 by Bank of America. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, April 28. Deutsche Bank maintained International Paper Co (NYSE:IP) rating on Wednesday, August 10. Deutsche Bank has “Hold” rating and $42 price target. As per Tuesday, November 10, the company rating was initiated by Macquarie Research. As per Monday, April 25, the company rating was downgraded by RBC Capital Markets. The stock has “Neutral” rating given by Citigroup on Wednesday, August 31. The stock of International Paper Co (NYSE:IP) has “Neutral” rating given on Thursday, September 22 by Goldman Sachs. Citigroup downgraded the stock to “Neutral” rating in Monday, January 25 report. The company was downgraded on Tuesday, October 18 by Macquarie Research.

More important recent International Paper Co (NYSE:IP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” on November 08, 2016, also Forbes.com published article titled: “International Paper Becomes Oversold (IP)”, Bizjournals.com published: “Retired International Paper tax expert joins Dixon Hughes Goodman” on November 04, 2016. More interesting news about International Paper Co (NYSE:IP) was released by: Bizjournals.com and their article: “After second quarter payouts, International Paper posts strong third quarter” with publication date: October 27, 2016.

IP Company Profile

International Paper Company (International Paper), incorporated on June 23, 1941, is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. In the United States, the Company has operated over 20 pulp, paper and packaging mills, approximately 170 converting and packaging plants, approximately 20 recycling plants and approximately three bag facilities. Production facilities in Europe, Asia, Africa, India, Latin America and South America include approximately 20 pulp, paper and packaging mills, approximately 70 converting and packaging plants, and approximately two recycling plants. The Firm operates a printing and packaging products distribution business primarily through over 10 branches in Asia. The Firm sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors.

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