Rothschild Asset Management Inc Lowers stake in International Paper Co (IP)

International Paper Co (IP) : Rothschild Asset Management Inc reduced its stake in International Paper Co by 6.06% during the most recent quarter end. The investment management company now holds a total of 986,722 shares of International Paper Co which is valued at $45,132,664 after selling 63,704 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.International Paper Co makes up approximately 0.79% of Rothschild Asset Management Inc’s portfolio.

Other Hedge Funds, Including , Sawgrass Asset Management added IP to its portfolio by purchasing 8,000 company shares during the most recent quarter which is valued at $365,920. International Paper Co makes up approx 0.02% of Sawgrass Asset Management’s portfolio.Tocqueville Asset Management reduced its stake in IP by selling 17,622 shares or 28.6% in the most recent quarter. The Hedge Fund company now holds 44,003 shares of IP which is valued at $2,015,777. International Paper Co makes up approx 0.03% of Tocqueville Asset Management’s portfolio.Cutler Capital Management reduced its stake in IP by selling 1,000 shares or 12.5% in the most recent quarter. The Hedge Fund company now holds 7,000 shares of IP which is valued at $319,130. International Paper Co makes up approx 0.23% of Cutler Capital Management’s portfolio.Hartford Financial Management boosted its stake in IP in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 13,125 shares of International Paper Co which is valued at $596,794. International Paper Co makes up approx 0.35% of Hartford Financial Management’s portfolio.

International Paper Co opened for trading at $45.93 and hit $46.34 on the upside on Monday, eventually ending the session at $46.18, with a gain of 0.43% or 0.2 points. The heightened volatility saw the trading volume jump to 21,12,891 shares. Company has a market cap of $18,988 M.

On the company’s financial health, International Paper Co reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.84. The company had revenue of $5322.00 million for the quarter, compared to analysts expectations of $5313.96 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.97 EPS.

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 operates in three segments: Industrial Packaging Printing Papers and Consumer Packaging. Industrial Packaging segment’s products include linerboard medium whitetop recycled linerboard recycled medium and saturating kraft. Printing Papers segment products include uncoated papers which engage in the business of producing papers for use in copiers desktop and laser printers and pulp which manufactures printing writing and specialty papers tissue products and filtration products. Consumer Packaging’s coated paperboard business produces coated paperboard for packaging and commercial printing end uses. Its foodservice business produces cups lids food containers and plates. Its brands include Hammermill Springhill Accent Ballet Rey Pol Everest Fortress and Carolina.

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