Triodos Investment Management BV Makes New Investment in International Paper Co (NYSE:IP)

Triodos Investment Management BV bought a new position in International Paper Co (NYSE:IP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 143,100 shares of the basic materials company’s stock, valued at approximately $5,984,000. International Paper accounts for about 1.5% of Triodos Investment Management BV’s investment portfolio, making the stock its 23rd largest holding.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of International Paper by 4.3% during the first quarter. FMR LLC now owns 391,110 shares of the basic materials company’s stock worth $18,096,000 after buying an additional 16,114 shares during the period. South Texas Money Management Ltd. lifted its position in International Paper by 4.5% in the second quarter. South Texas Money Management Ltd. now owns 972,114 shares of the basic materials company’s stock worth $42,112,000 after purchasing an additional 42,080 shares during the period. Foundations Investment Advisors LLC lifted its position in International Paper by 27.3% in the second quarter. Foundations Investment Advisors LLC now owns 22,401 shares of the basic materials company’s stock worth $988,000 after purchasing an additional 4,806 shares during the period. Investors Research Corp lifted its position in International Paper by 1.4% in the second quarter. Investors Research Corp now owns 21,607 shares of the basic materials company’s stock worth $936,000 after purchasing an additional 300 shares during the period. Finally, WINTON GROUP Ltd lifted its position in International Paper by 81.6% in the second quarter. WINTON GROUP Ltd now owns 17,503 shares of the basic materials company’s stock worth $758,000 after purchasing an additional 7,863 shares during the period. Hedge funds and other institutional investors own 81.65% of the company’s stock.

Shares of NYSE IP traded up $0.76 during trading on Friday, hitting $46.21. The company had a trading volume of 2,295,404 shares, compared to its average volume of 3,101,895. The company has a market cap of $17.82 billion, a P/E ratio of 8.69, a PEG ratio of 2.06 and a beta of 1.53. International Paper Co has a 52 week low of $36.45 and a 52 week high of $48.24. The business’s 50-day moving average is $41.92 and its 200 day moving average is $42.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.49.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, October 31st. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The company had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.63 billion. International Paper had a return on equity of 26.97% and a net margin of 6.03%. The firm’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.56 earnings per share. On average, research analysts expect that International Paper Co will post 4.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.5125 dividend. The ex-dividend date is Thursday, November 14th. This represents a $2.05 annualized dividend and a dividend yield of 4.44%. This is a boost from International Paper’s previous quarterly dividend of $0.50. International Paper’s dividend payout ratio is currently 37.59%.

In other International Paper news, SVP Timothy S. Nicholls sold 45,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $42.44, for a total value of $1,909,800.00. Following the transaction, the senior vice president now owns 60,490 shares of the company’s stock, valued at $2,567,195.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by corporate insiders.

A number of research firms have weighed in on IP. Stephens set a $50.00 target price on International Paper and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Citigroup cut their target price on International Paper from $45.00 to $43.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th. Zacks Investment Research upgraded International Paper from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research report on Tuesday, November 5th. Royal Bank of Canada set a $43.00 target price on International Paper and gave the stock a “hold” rating in a research report on Friday, November 1st. Finally, KeyCorp restated a “sell” rating and issued a $38.00 target price on shares of International Paper in a research report on Thursday, October 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $44.22.

International Paper Profile

International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

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Institutional Ownership by Quarter for International Paper (NYSE:IP)

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