Robeco Institutional Asset Management B.V. grew its position in shares of International Paper Co (NYSE:IP) by 160.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,584 shares of the basic materials company’s stock after purchasing an additional 93,896 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in International Paper were worth $7,058,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of IP. Park Avenue Securities LLC bought a new stake in shares of International Paper in the first quarter worth $221,000. Buckingham Asset Management LLC increased its stake in shares of International Paper by 4.4% in the first quarter. Buckingham Asset Management LLC now owns 9,338 shares of the basic materials company’s stock worth $432,000 after buying an additional 394 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in shares of International Paper in the first quarter worth $239,000. AI Financial Services LLC increased its stake in shares of International Paper by 17.8% in the first quarter. AI Financial Services LLC now owns 52,206 shares of the basic materials company’s stock worth $2,416,000 after buying an additional 7,897 shares during the last quarter. Finally, Sigma Planning Corp increased its stake in shares of International Paper by 12.8% in the first quarter. Sigma Planning Corp now owns 56,283 shares of the basic materials company’s stock worth $2,604,000 after buying an additional 6,401 shares during the last quarter. Institutional investors own 82.57% of the company’s stock.
In related news, insider Gregory T. Wanta sold 9,000 shares of International Paper stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $47.72, for a total transaction of $429,480.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jeanmichel Ribieras sold 10,000 shares of International Paper stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $47.15, for a total transaction of $471,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,760 shares of company stock valued at $2,150,687. Corporate insiders own 0.33% of the company’s stock.
Shares of IP opened at $44.74 on Thursday. International Paper Co has a 1 year low of $37.55 and a 1 year high of $59.57. The firm has a market cap of $17.55 billion, a PE ratio of 8.41, a PEG ratio of 1.71 and a beta of 1.55. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.43 and a quick ratio of 0.96.
International Paper (NYSE:IP) last announced its quarterly earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.20. International Paper had a net margin of 7.32% and a return on equity of 31.35%. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the company posted $0.94 earnings per share. The company’s revenue for the quarter was up .4% compared to the same quarter last year. On average, analysts anticipate that International Paper Co will post 5.17 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, May 24th. International Paper’s dividend payout ratio (DPR) is 37.59%.
A number of equities analysts have commented on IP shares. Zacks Investment Research raised shares of International Paper from a “sell” rating to a “hold” rating in a report on Monday, February 4th. UBS Group decreased their price objective on shares of International Paper from $55.00 to $54.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Royal Bank of Canada downgraded shares of International Paper from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $54.00 to $47.00 in a report on Friday, April 5th. Citigroup lifted their price objective on shares of International Paper from $53.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, Deutsche Bank decreased their price objective on shares of International Paper from $55.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $53.00.
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About International Paper
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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