Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Increases Position in International Paper Co (NYSE:IP)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in International Paper Co (NYSE:IP) by 12.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,107 shares of the basic materials company’s stock after purchasing an additional 8,112 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in International Paper were worth $3,359,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in IP. California Public Employees Retirement System increased its stake in International Paper by 26.7% during the 3rd quarter. California Public Employees Retirement System now owns 992,592 shares of the basic materials company’s stock worth $41,510,000 after buying an additional 208,937 shares in the last quarter. Conning Inc. increased its stake in International Paper by 6.9% during the 3rd quarter. Conning Inc. now owns 871,137 shares of the basic materials company’s stock worth $36,431,000 after buying an additional 56,477 shares in the last quarter. First Trust Advisors LP increased its stake in International Paper by 4.0% during the 4th quarter. First Trust Advisors LP now owns 777,913 shares of the basic materials company’s stock worth $35,823,000 after buying an additional 29,647 shares in the last quarter. Rhumbline Advisers increased its stake in International Paper by 2.1% during the 3rd quarter. Rhumbline Advisers now owns 655,644 shares of the basic materials company’s stock worth $27,419,000 after buying an additional 13,784 shares in the last quarter. Finally, National Pension Service increased its stake in International Paper by 5.3% during the 3rd quarter. National Pension Service now owns 520,638 shares of the basic materials company’s stock worth $21,773,000 after buying an additional 26,266 shares in the last quarter. Hedge funds and other institutional investors own 81.01% of the company’s stock.

In other news, SVP Jeanmichel Ribieras sold 11,000 shares of the company’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $43.74, for a total value of $481,140.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP W. Michael Jr. Amick sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $44.83, for a total value of $358,640.00. The disclosure for this sale can be found here. 0.33% of the stock is owned by corporate insiders.

Several equities research analysts have commented on IP shares. Exane BNP Paribas started coverage on International Paper in a research note on Monday, December 2nd. They set an “outperform” rating and a $53.00 price objective for the company. ValuEngine upgraded International Paper from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Credit Suisse Group started coverage on International Paper in a research note on Friday. They set a “neutral” rating and a $48.00 price objective for the company. Goldman Sachs Group lowered International Paper from a “neutral” rating to a “sell” rating and set a $40.00 price objective for the company. in a research note on Tuesday, December 10th. Finally, KeyCorp reiterated a “sell” rating and set a $38.00 price objective on shares of International Paper in a research note on Thursday, October 31st. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. International Paper currently has an average rating of “Hold” and an average price target of $45.50.

IP stock opened at $43.19 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.77 and a quick ratio of 0.51. The business has a 50 day simple moving average of $44.12 and a 200-day simple moving average of $43.00. The firm has a market capitalization of $17.04 billion, a PE ratio of 9.79 and a beta of 1.56. International Paper Co has a 1 year low of $36.45 and a 1 year high of $48.24.

International Paper (NYSE:IP) last posted its quarterly earnings results on Thursday, January 30th. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.07. The business had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.60 billion. International Paper had a return on equity of 23.49% and a net margin of 5.47%. The business’s revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.65 earnings per share. On average, equities research analysts expect that International Paper Co will post 3.08 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 21st will be given a $0.5125 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 4.75%. International Paper’s dividend payout ratio (DPR) is presently 46.28%.

About International Paper

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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