APG Asset Management N.V. Has $143.58 Million Position in International Paper Company (IP)

APG Asset Management N.V. reduced its position in shares of International Paper Company (NYSE:IP) by 12.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,536,253 shares of the basic materials company’s stock after selling 363,600 shares during the period. APG Asset Management N.V. owned about 0.61% of International Paper worth $143,577,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IP. Murphy Capital Management Inc. increased its stake in International Paper by 59.0% in the second quarter. Murphy Capital Management Inc. now owns 69,994 shares of the basic materials company’s stock valued at $3,962,000 after buying an additional 25,960 shares in the last quarter. Asset Advisors Corp increased its stake in International Paper by 3.6% in the second quarter. Asset Advisors Corp now owns 2,398 shares of the basic materials company’s stock valued at $136,000 after buying an additional 84 shares in the last quarter. Dubuque Bank & Trust Co. increased its stake in International Paper by 15.8% in the second quarter. Dubuque Bank & Trust Co. now owns 50,002 shares of the basic materials company’s stock valued at $2,831,000 after buying an additional 6,810 shares in the last quarter. Lynch & Associates IN increased its stake in International Paper by 11.1% in the second quarter. Lynch & Associates IN now owns 32,905 shares of the basic materials company’s stock valued at $1,863,000 after buying an additional 3,294 shares in the last quarter. Finally, Bollard Group LLC increased its stake in International Paper by 0.8% in the second quarter. Bollard Group LLC now owns 9,942 shares of the basic materials company’s stock valued at $563,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

International Paper Company (NYSE IP) opened at 52.59 on Friday. International Paper Company has a 52 week low of $43.55 and a 52 week high of $58.95. The stock has a market capitalization of $21.72 billion, a P/E ratio of 26.71 and a beta of 1.46. The stock has a 50 day moving average of $56.00 and a 200 day moving average of $53.67.

International Paper (NYSE:IP) last issued its earnings results on Thursday, July 27th. The basic materials company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.64 by $0.01. The firm had revenue of $5.77 billion during the quarter, compared to analysts’ expectations of $5.72 billion. International Paper had a return on equity of 27.09% and a net margin of 3.73%. International Paper’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $0.92 earnings per share. On average, equities research analysts predict that International Paper Company will post $3.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 15th will be given a $0.4625 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.85 annualized dividend and a yield of 3.52%. International Paper’s dividend payout ratio (DPR) is currently 93.91%.

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Several equities research analysts have issued reports on IP shares. KeyCorp reiterated a “hold” rating on shares of International Paper in a research note on Thursday, July 27th. ValuEngine downgraded shares of International Paper from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “buy” rating and set a $65.00 price objective (up from $63.00) on shares of International Paper in a research note on Saturday, April 29th. Zacks Investment Research upgraded shares of International Paper from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. reiterated a “neutral” rating on shares of International Paper in a research note on Saturday, April 22nd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $57.89.

In related news, insider Gregory T. Wanta sold 1,044 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $55.22, for a total value of $57,649.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by company insiders.

About International Paper

International Paper Company is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company’s segments include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging.

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

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