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

Robeco Institutional Asset Management B.V. raised its holdings in International Paper (NYSE:IP - Free Report) by 435.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 118,364 shares of the basic materials company's stock after buying an additional 96,264 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in International Paper were worth $5,782,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IP. Janney Montgomery Scott LLC raised its holdings in International Paper by 20.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 105,061 shares of the basic materials company's stock valued at $4,100,000 after acquiring an additional 17,516 shares in the last quarter. Raymond James & Associates lifted its position in International Paper by 29.6% in the third quarter. Raymond James & Associates now owns 321,468 shares of the basic materials company's stock worth $15,704,000 after purchasing an additional 73,367 shares during the period. Comerica Bank boosted its stake in International Paper by 23.6% during the first quarter. Comerica Bank now owns 156,596 shares of the basic materials company's stock worth $6,110,000 after buying an additional 29,904 shares in the last quarter. Sei Investments Co. boosted its position in shares of International Paper by 9.2% during the 1st quarter. Sei Investments Co. now owns 426,929 shares of the basic materials company's stock valued at $16,659,000 after acquiring an additional 35,857 shares in the last quarter. Finally, Waverly Advisors LLC increased its stake in International Paper by 745.4% in the first quarter. Waverly Advisors LLC now owns 72,103 shares of the basic materials company's stock valued at $2,813,000 after acquiring an additional 63,574 shares during the period. 81.95% of the stock is owned by institutional investors.

International Paper Price Performance

Shares of IP traded down $1.03 during mid-day trading on Friday, hitting $57.38. 4,448,308 shares of the company traded hands, compared to its average volume of 5,977,796. The company has a current ratio of 1.53, a quick ratio of 1.11 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 49.04 and a beta of 1.02. The business has a 50-day moving average of $49.41 and a 200 day moving average of $45.70. International Paper has a one year low of $31.76 and a one year high of $59.52.

International Paper (NYSE:IP - Get Free Report) last released its earnings results on Thursday, October 31st. The basic materials company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. International Paper had a return on equity of 6.49% and a net margin of 2.25%. The company had revenue of $4.69 billion during the quarter, compared to analysts' expectations of $4.70 billion. During the same period last year, the firm earned $0.64 EPS. The business's revenue for the quarter was up 1.6% on a year-over-year basis. As a group, equities analysts expect that International Paper will post 1.44 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, November 15th. International Paper's dividend payout ratio (DPR) is presently 158.12%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Argus raised International Paper from a "hold" rating to a "buy" rating and set a $52.00 price objective on the stock in a report on Wednesday, August 14th. Truist Financial reaffirmed a "buy" rating and issued a $61.00 price target (up previously from $57.00) on shares of International Paper in a research note on Friday, November 1st. Royal Bank of Canada increased their price objective on International Paper from $56.00 to $64.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their target price on shares of International Paper from $43.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, International Paper currently has a consensus rating of "Moderate Buy" and an average price target of $51.96.

Insider Transactions at International Paper

In other news, SVP Clay R. Ellis sold 9,000 shares of the stock in a transaction on 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 owns 49,832 shares of the company's stock, valued at $2,433,296.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 transaction of $27,660.00. Following the transaction, the director now directly owns 41,002 shares in the company, valued at approximately $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 accessible through this link. Also, SVP Clay R. Ellis sold 9,000 shares of the 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 completion of the sale, the senior vice president now owns 49,832 shares of the company's stock, valued at $2,433,296.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,440 shares of company stock worth $938,486 in the last quarter. 0.55% of the stock is owned by company insiders.

International Paper 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.