Mn Services Vermogensbeheer B.V. Increases Stock Position in International Paper (NYSE:IP)

Mn Services Vermogensbeheer B.V. boosted its stake in International Paper (NYSE:IP) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,300 shares of the basic materials company’s stock after acquiring an additional 2,800 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in International Paper were worth $6,959,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. lifted its position in International Paper by 28.7% in the fourth quarter. Pacer Advisors Inc. now owns 33,330 shares of the basic materials company’s stock valued at $1,794,000 after acquiring an additional 7,424 shares during the last quarter. Lord Abbett & CO. LLC purchased a new stake in shares of International Paper in the third quarter valued at about $24,327,000. Aptus Capital Advisors LLC boosted its stake in shares of International Paper by 15.1% during the third quarter. Aptus Capital Advisors LLC now owns 5,972 shares of the basic materials company’s stock worth $292,000 after buying an additional 785 shares during the period. Wedmont Private Capital acquired a new stake in shares of International Paper during the fourth quarter worth about $376,000. Finally, Curi RMB Capital LLC acquired a new stake in shares of International Paper during the third quarter worth about $4,870,000. 81.95% of the stock is owned by hedge funds and other institutional investors.

International Paper Price Performance

Shares of NYSE:IP opened at $56.34 on Friday. The company has a quick ratio of 1.08, a current ratio of 1.49 and a debt-to-equity ratio of 0.66. The company has a market cap of $29.64 billion, a P/E ratio of 35.89, a PEG ratio of 0.39 and a beta of 1.02. International Paper has a 52 week low of $33.16 and a 52 week high of $60.36. The company has a 50-day moving average price of $55.71 and a 200 day moving average price of $53.07.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, January 30th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.05). International Paper had a net margin of 2.99% and a return on equity of 4.75%. Research analysts predict that International Paper will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a $0.4625 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.85 dividend on an annualized basis and a yield of 3.28%. International Paper’s dividend payout ratio (DPR) is presently 117.83%.

Analyst Upgrades and Downgrades

IP has been the subject of several recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $64.00 target price on shares of International Paper in a research note on Friday, January 31st. Truist Financial reiterated a “buy” rating and set a $64.00 target price (down previously from $65.00) on shares of International Paper in a research note on Friday, January 31st. Bank of America initiated coverage on shares of International Paper in a research note on Thursday, February 13th. They set a “neutral” rating for the company. Finally, BNP Paribas downgraded shares of International Paper from a “neutral” rating to an “underperform” rating and set a $48.20 target price for the company. in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.88.

About International Paper

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.