Mn Services Vermogensbeheer B.V. Has $8.78 Million Stock Holdings in International Paper Company $IP

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in International Paper Company by 56.8%, acquiring an additional 67,900 shares to bring its total holdings to 187,500 shares valued at $8.78 million.
• International Paper Company reported an EPS of $0.20 for the last quarter, missing analysts' expectations of $0.38, despite a revenue increase of 42.9% year-over-year.
• The company's quarterly dividend of $0.4625 represents an annualized yield of 4.0%, although the dividend payout ratio is significantly negative at -1,850.00%.

Mn Services Vermogensbeheer B.V. increased its stake in International Paper Company (NYSE:IP - Free Report) by 56.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 187,500 shares of the basic materials company's stock after purchasing an additional 67,900 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in International Paper were worth $8,781,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in International Paper by 1.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 64,730 shares of the basic materials company's stock valued at $3,031,000 after purchasing an additional 923 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in shares of International Paper during the 2nd quarter valued at about $207,000. Chesley Taft & Associates LLC boosted its holdings in International Paper by 91.7% during the second quarter. Chesley Taft & Associates LLC now owns 15,021 shares of the basic materials company's stock worth $703,000 after buying an additional 7,185 shares in the last quarter. Bank of New Hampshire grew its holdings in shares of International Paper by 32.6% in the 2nd quarter. Bank of New Hampshire now owns 1,220 shares of the basic materials company's stock worth $57,000 after acquiring an additional 300 shares during the last quarter. Finally, Czech National Bank raised its holdings in International Paper by 6.6% during the 2nd quarter. Czech National Bank now owns 129,038 shares of the basic materials company's stock worth $6,043,000 after buying an additional 7,936 shares during the period. 81.95% of the stock is currently owned by institutional investors.

International Paper Stock Up 1.0%

Shares of NYSE IP traded up $0.48 during trading hours on Tuesday, hitting $46.64. The stock had a trading volume of 227,249 shares, compared to its average volume of 6,151,596. The firm's 50-day moving average price is $48.82 and its two-hundred day moving average price is $48.63. International Paper Company has a 52 week low of $43.27 and a 52 week high of $60.36. The company has a market capitalization of $24.62 billion, a P/E ratio of -466.40, a P/E/G ratio of 0.52 and a beta of 1.05. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.96 and a current ratio of 1.33.

International Paper (NYSE:IP - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.18). The business 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%. International Paper's revenue was up 42.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Analysts anticipate that International Paper Company will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 16th. Shareholders of record on Friday, August 15th were given a dividend of $0.4625 per share. This represents a $1.85 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 15th. International Paper's dividend payout ratio is presently -1,850.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on IP shares. Wall Street Zen upgraded shares of International Paper from a "sell" rating to a "hold" rating in a research report on Friday, June 27th. Wells Fargo & Company reissued an "underweight" rating and issued a $43.00 price objective (up from $40.00) on shares of International Paper in a research note on Thursday, July 10th. Zacks Research cut International Paper from a "hold" rating to a "strong sell" rating in a research note on Monday, August 18th. JPMorgan Chase & Co. downgraded International Paper from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $55.00 to $54.00 in a report on Tuesday, August 5th. Finally, UBS Group began coverage on shares of International Paper in a report on Wednesday, June 4th. They set a "buy" rating and a $60.00 price target for the company. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $55.65.

Insiders Place Their Bets

In other International Paper news, SVP Joseph R. Saab sold 9,000 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $45.53, for a total transaction of $409,770.00. Following the transaction, the senior vice president directly owned 27,673 shares in the company, valued at $1,259,951.69. This trade represents a 24.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.55% of the stock is currently owned by company insiders.

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.