Mn Services Vermogensbeheer B.V. Sells 5,800 Shares of International Paper (NYSE:IP)

Mn Services Vermogensbeheer B.V. lowered its stake in shares of International Paper (NYSE:IP) by 3.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,300 shares of the basic materials company’s stock after selling 5,800 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in International Paper were worth $5,506,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of International Paper by 4.0% during the 1st quarter. BlackRock Inc. now owns 36,929,748 shares of the basic materials company’s stock worth $1,331,687,000 after acquiring an additional 1,436,757 shares during the period. State Street Corp boosted its holdings in International Paper by 0.9% during the first quarter. State Street Corp now owns 24,364,091 shares of the basic materials company’s stock valued at $1,124,403,000 after purchasing an additional 218,754 shares in the last quarter. Greenhaven Associates Inc. grew its stake in shares of International Paper by 0.3% in the 4th quarter. Greenhaven Associates Inc. now owns 9,835,395 shares of the basic materials company’s stock valued at $355,550,000 after purchasing an additional 25,640 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of International Paper by 13.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 8,811,752 shares of the basic materials company’s stock worth $312,553,000 after buying an additional 1,011,315 shares during the period. Finally, Morgan Stanley boosted its stake in International Paper by 7.6% in the 4th quarter. Morgan Stanley now owns 5,839,269 shares of the basic materials company’s stock valued at $202,214,000 after buying an additional 413,320 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IP has been the topic of several analyst reports. StockNews.com lowered shares of International Paper from a “buy” rating to a “hold” rating in a report on Sunday, January 14th. Argus cut International Paper from a “buy” rating to a “hold” rating in a report on Monday, February 26th. Bank of America raised International Paper from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $37.00 to $42.00 in a research note on Monday, March 4th. Royal Bank of Canada restated an “outperform” rating and issued a $43.00 target price on shares of International Paper in a research note on Friday, February 2nd. Finally, Wells Fargo & Company decreased their price objective on shares of International Paper from $39.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, International Paper presently has an average rating of “Hold” and an average target price of $37.13.

Insiders Place Their Bets

In other International Paper news, SVP James P. Jr. Royalty sold 5,800 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $34.75, for a total value of $201,550.00. Following the sale, the senior vice president now owns 69,488 shares in the company, valued at approximately $2,414,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 8,800 shares of company stock worth $310,438. Company insiders own 0.55% of the company’s stock.

International Paper Stock Down 2.4 %

Shares of NYSE IP opened at $35.91 on Wednesday. The firm has a 50 day moving average price of $36.70 and a 200 day moving average price of $35.84. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.19 and a current ratio of 1.67. The stock has a market cap of $12.47 billion, a P/E ratio of 43.79 and a beta of 0.99. International Paper has a 52-week low of $29.00 and a 52-week high of $41.28.

International Paper (NYSE:IP) last released its quarterly earnings data on Thursday, February 1st. The basic materials company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.07. The business had revenue of $4.60 billion during the quarter, compared to analysts’ expectations of $4.67 billion. International Paper had a net margin of 1.52% and a return on equity of 8.87%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.87 EPS. Analysts expect that International Paper will post 1.88 EPS for the current year.

About International Paper

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.