Robeco Institutional Asset Management B.V. Acquires 96,264 Shares of International Paper (NYSE:IP)

Robeco Institutional Asset Management B.V. grew its stake in International Paper (NYSE:IP) by 435.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,364 shares of the basic materials company’s stock after acquiring an additional 96,264 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in International Paper were worth $5,782,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norden Group LLC acquired a new position in International Paper during the first quarter worth approximately $292,000. Janney Montgomery Scott LLC increased its holdings in shares of International Paper by 20.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 105,061 shares of the basic materials company’s stock worth $4,100,000 after acquiring an additional 17,516 shares during the last quarter. Empirical Finance LLC raised its stake in International Paper by 3.2% in the 1st quarter. Empirical Finance LLC now owns 13,219 shares of the basic materials company’s stock valued at $516,000 after acquiring an additional 413 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in International Paper by 47.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 12,046 shares of the basic materials company’s stock valued at $470,000 after purchasing an additional 3,854 shares during the last quarter. Finally, AIA Group Ltd bought a new position in International Paper during the first quarter worth $568,000. Institutional investors and hedge funds own 81.95% of the company’s stock.

Analyst Ratings Changes

IP has been the topic of several research analyst reports. Argus raised shares of International Paper from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Wednesday, August 14th. Royal Bank of Canada upped their target price on International Paper from $56.00 to $64.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company lifted their price target on International Paper from $43.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, July 25th. Finally, Truist Financial reiterated a “buy” rating and set a $61.00 price objective (up previously from $57.00) on shares of International Paper in a research report on Friday, November 1st. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $51.96.

Insider Buying and Selling at International Paper

In other news, Director Kathryn D. Sullivan sold 600 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $46.10, for a total transaction of $27,660.00. Following the completion of the transaction, the director now owns 41,002 shares of the company’s stock, valued at approximately $1,890,192.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other International Paper news, Director Kathryn D. Sullivan sold 600 shares of International Paper stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $46.10, for a total value of $27,660.00. Following the transaction, the director now owns 41,002 shares in the company, valued at $1,890,192.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Clay R. Ellis sold 9,000 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $48.83, for a total value of $439,470.00. Following the transaction, the senior vice president now directly owns 49,832 shares of the company’s stock, valued at approximately $2,433,296.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,440 shares of company stock valued at $938,486. 0.55% of the stock is currently owned by corporate insiders.

International Paper Stock Performance

IP opened at $57.38 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.11 and a current ratio of 1.53. International Paper has a 52-week low of $31.76 and a 52-week high of $59.52. The firm has a market cap of $19.93 billion, a P/E ratio of 49.04 and a beta of 1.02. The business’s fifty day moving average is $49.41 and its 200-day moving average is $45.70.

International Paper (NYSE:IP) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.20. The firm had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.70 billion. International Paper had a net margin of 2.25% and a return on equity of 6.49%. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.64 earnings per share. Sell-side analysts expect that International Paper will post 1.44 EPS for the current fiscal year.

International Paper Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.85 annualized dividend and a yield of 3.22%. International Paper’s dividend payout ratio is currently 158.12%.

International Paper Company Profile

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.