26,015 Shares in International Paper Company $IP Acquired by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. purchased a new position in International Paper Company (NYSE:IP) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,015 shares of the basic materials company’s stock, valued at approximately $863,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of International Paper during the second quarter valued at approximately $1,940,896,000. State Street Corp lifted its holdings in shares of International Paper by 7.1% in the second quarter. State Street Corp now owns 32,999,909 shares of the basic materials company’s stock worth $1,257,297,000 after buying an additional 2,189,597 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of International Paper in the second quarter worth $689,498,000. Atlas FRM LLC bought a new position in shares of International Paper during the second quarter worth $374,904,000. Finally, Hill City Capital LP bought a new position in shares of International Paper during the second quarter worth $194,310,000. 81.95% of the stock is currently owned by institutional investors.

International Paper Stock Performance

NYSE:IP opened at $33.40 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. International Paper Company has a 1 year low of $29.26 and a 1 year high of $50.25. The stock’s 50 day simple moving average is $35.53 and its two-hundred day simple moving average is $37.61. The company has a market cap of $17.69 billion, a price-to-earnings ratio of -5.12, a PEG ratio of 4.38 and a beta of 0.93.

International Paper (NYSE:IP) last issued its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.08. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.20 EPS. As a group, equities analysts anticipate that International Paper Company will post 1.26 earnings per share for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 5.5%. The ex-dividend date is Monday, November 16th. International Paper’s payout ratio is currently -28.37%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IP. Bank of America raised shares of International Paper from a “neutral” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, September 11th. Zacks Research upgraded shares of International Paper from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Seaport Research Partners reiterated a “buy” rating and issued a $46.00 price target on shares of International Paper in a research note on Wednesday, August 12th. Loop Capital set a $61.00 price objective on shares of International Paper in a report on Tuesday, July 28th. Finally, Royal Bank Of Canada raised their price objective on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, International Paper currently has an average rating of “Moderate Buy” and a consensus price target of $46.90.

Insider Buying and Selling at International Paper

In related news, VP William Hamic sold 24,500 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the sale, the vice president owned 106,952 shares of the company’s stock, valued at $4,406,422.40. This represents a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Holly G. Goughnour sold 3,500 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the sale, the chief accounting officer directly owned 34,248 shares in the company, valued at approximately $1,437,046.08. The trade was a 9.27% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.21% of the company’s stock.

International Paper Profile

International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.

The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.