Robeco Institutional Asset Management B.V. Purchases 21,153 Shares of International Paper Company (NYSE:IP)

Robeco Institutional Asset Management B.V. lifted its holdings in International Paper Company (NYSE:IP - Free Report) by 17.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,673 shares of the basic materials company's stock after purchasing an additional 21,153 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in International Paper were worth $7,558,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Picton Mahoney Asset Management raised its stake in International Paper by 67.0% in the fourth quarter. Picton Mahoney Asset Management now owns 536 shares of the basic materials company's stock valued at $29,000 after buying an additional 215 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of International Paper during the fourth quarter worth approximately $37,000. Transce3nd LLC acquired a new stake in International Paper during the 4th quarter worth approximately $38,000. Grove Bank & Trust increased its position in International Paper by 472.0% during the 1st quarter. Grove Bank & Trust now owns 755 shares of the basic materials company's stock worth $40,000 after buying an additional 623 shares during the period. Finally, Toth Financial Advisory Corp acquired a new stake in shares of International Paper during the first quarter worth $42,000. Institutional investors and hedge funds own 81.95% of the company's stock.

Wall Street Analyst Weigh In

IP has been the topic of several research reports. Citigroup began coverage on shares of International Paper in a research note on Wednesday, March 5th. They issued a "buy" rating and a $60.00 price target on the stock. Wells Fargo & Company restated an "underweight" rating and set a $40.00 target price (down previously from $45.00) on shares of International Paper in a research report on Friday, May 9th. Wall Street Zen raised shares of International Paper from a "sell" rating to a "hold" rating in a report on Friday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $64.00 price target on shares of International Paper in a research note on Wednesday, March 26th. Finally, UBS Group initiated coverage on International Paper in a research report on Wednesday, June 4th. They set a "buy" rating and a $60.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $54.54.

Insider Activity at International Paper

In related news, CAO Holly G. Goughnour sold 7,500 shares of International Paper stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $44.85, for a total transaction of $336,375.00. Following the sale, the chief accounting officer directly owned 31,525 shares of the company's stock, valued at approximately $1,413,896.25. The trade was a 19.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.55% of the company's stock.

International Paper Price Performance

NYSE:IP traded up $2.59 during mid-day trading on Tuesday, reaching $49.42. The stock had a trading volume of 4,782,204 shares, compared to its average volume of 3,399,461. International Paper Company has a 12 month low of $42.26 and a 12 month high of $60.36. The stock has a market capitalization of $26.09 billion, a PE ratio of 42.24, a P/E/G ratio of 0.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.33 and a quick ratio of 0.96. The stock has a 50-day simple moving average of $47.08 and a two-hundred day simple moving average of $51.22.

International Paper (NYSE:IP - Get Free Report) last issued its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.12). International Paper had a net margin of 1.99% and a return on equity of 4.05%. The business had revenue of $5.90 billion during the quarter, compared to analyst estimates of $6.38 billion. During the same period in the prior year, the business posted $0.17 EPS. The company's revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that International Paper Company will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Friday, May 23rd. International Paper's payout ratio is 158.12%.

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.