AG2R LA Mondiale Gestion D Actifs Acquires 1,144 Shares of International Paper Company $IP

AG2R LA Mondiale Gestion D Actifs lifted its holdings in shares of International Paper Company (NYSE:IP) by 5.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 23,950 shares of the basic materials company’s stock after buying an additional 1,144 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in International Paper were worth $1,122,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IP. GAMMA Investing LLC grew its holdings in shares of International Paper by 6.4% during the 1st quarter. GAMMA Investing LLC now owns 5,425 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 327 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in International Paper by 3.5% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 49,320 shares of the basic materials company’s stock worth $2,631,000 after acquiring an additional 1,680 shares during the last quarter. Spire Wealth Management grew its holdings in International Paper by 2,343.9% in the 1st quarter. Spire Wealth Management now owns 1,613 shares of the basic materials company’s stock worth $86,000 after acquiring an additional 1,547 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in International Paper by 108.9% in the 1st quarter. Golden State Wealth Management LLC now owns 3,934 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 2,051 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in International Paper by 17.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 141,673 shares of the basic materials company’s stock worth $7,558,000 after acquiring an additional 21,153 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Price Performance

Shares of NYSE:IP opened at $48.86 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. International Paper Company has a 1-year low of $43.27 and a 1-year high of $60.36. The company has a market capitalization of $25.80 billion, a P/E ratio of -488.60, a P/E/G ratio of 0.59 and a beta of 1.10. The firm’s 50 day simple moving average is $47.20 and its two-hundred day simple moving average is $47.88.

International Paper (NYSE:IP) last issued its quarterly earnings results 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). International Paper had a negative net margin of 0.12% and a positive return on equity of 2.63%. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.64 billion. During the same period in the prior year, the firm earned $0.55 EPS. International Paper’s revenue for the quarter was up 42.9% compared to the same quarter last year. Research analysts expect that International Paper Company will post 2.77 EPS for the current fiscal year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 16th. Investors of record on Friday, November 14th will be given a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 3.8%. International Paper’s dividend payout ratio is presently -1,850.00%.

Insiders Place Their Bets

In related news, SVP Joseph R. Saab sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $45.53, for a total value of $409,770.00. Following the sale, the senior vice president owned 27,673 shares in the company, valued at approximately $1,259,951.69. The trade was a 24.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IP. UBS Group cut their price target on shares of International Paper from $60.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Jefferies Financial Group lowered their price target on shares of International Paper from $61.00 to $59.00 and set a “buy” rating for the company in a research report on Friday, September 26th. Weiss Ratings restated a “hold (c)” rating on shares of International Paper in a research note on Tuesday, October 14th. Wall Street Zen lowered shares of International Paper from a “hold” rating to a “sell” rating in a research note on Saturday, October 18th. Finally, Seaport Res Ptn lowered shares of International Paper from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, International Paper presently has a consensus rating of “Hold” and an average target price of $53.85.

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.