ASR Vermogensbeheer N.V. Buys Shares of 25,790 International Paper Company (NYSE:IP)

Key Points

• ASR Vermogensbeheer N.V. has acquired a new position in International Paper Company, purchasing 25,790 shares valued at approximately $1,376,000 during the first quarter.
• International Paper reported earnings per share of $0.20 for the last quarter, missing the analysts' expectations of $0.38, while revenue was up 42.9% year-over-year, reaching $6.77 billion.
• The company has announced a quarterly dividend of $0.4625 per share, resulting in an annualized yield of 3.9%, despite an unusually high payout ratio of -1,850.00%.

ASR Vermogensbeheer N.V. acquired a new position in shares of International Paper Company (NYSE:IP - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,790 shares of the basic materials company's stock, valued at approximately $1,376,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bernard Wealth Management Corp. acquired a new stake in shares of International Paper during the fourth quarter worth $37,000. Citizens National Bank Trust Department purchased a new stake in International Paper in the 1st quarter valued at $37,000. Transce3nd LLC purchased a new stake in shares of International Paper during the 4th quarter valued at $38,000. Grove Bank & Trust increased its position in shares of International Paper by 472.0% during the 1st quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 623 shares during the last quarter. Finally, Toth Financial Advisory Corp bought a new position in shares of International Paper during the 1st quarter worth $42,000. 81.95% of the stock is owned by institutional investors.

International Paper Price Performance

NYSE IP traded down $0.43 during trading on Monday, hitting $47.12. 3,116,203 shares of the stock traded hands, compared to its average volume of 6,614,517. The company has a market capitalization of $24.88 billion, a P/E ratio of -471.20, a price-to-earnings-growth ratio of 0.57 and a beta of 1.04. International Paper Company has a 12-month low of $43.27 and a 12-month high of $60.36. The firm has a 50-day simple moving average of $49.11 and a 200-day simple moving average of $50.37. The company has a quick ratio of 0.96, a current ratio of 1.33 and a debt-to-equity ratio of 0.52.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.18). The company had revenue of $6.77 billion for the quarter, compared to the consensus estimate of $6.64 billion. International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The company's quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 EPS. As a group, analysts predict that International Paper Company will post 2.77 EPS for the current year.

International Paper Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, August 15th. International Paper's payout ratio is presently -1,850.00%.

Analyst Ratings Changes

Several research analysts have commented on IP shares. Truist Financial set a $59.00 target price on International Paper in a research note on Wednesday, May 28th. JPMorgan Chase & Co. downgraded International Paper from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $55.00 to $54.00 in a research report on Tuesday, August 5th. UBS Group initiated coverage on International Paper in a research report on Wednesday, June 4th. They issued a "buy" rating and a $60.00 target price for the company. Wall Street Zen raised International Paper from a "sell" rating to a "hold" rating in a research note on Friday, June 27th. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and issued a $43.00 price target (up from $40.00) on shares of International Paper in a research note on Thursday, July 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, International Paper currently has an average rating of "Hold" and an average price target of $55.03.

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.