Avalon Advisors adds International Paper Co (IP) to its portfolio

International Paper Co (IP) : Avalon Advisors added new position in International Paper Co during the most recent quarter end. The investment management firm now holds 561,020 shares of International Paper Co which is valued at $26,087,430 , the company said in a statement filed on Aug 15, 2016 with the SEC.International Paper Co makes up approximately 0.98% of Avalon Advisors’s portfolio.

Other Hedge Funds, Including , Arizona State Retirement System reduced its stake in IP by selling 1,900 shares or 1.23% in the most recent quarter. The Hedge Fund company now holds 152,550 shares of IP which is valued at $7,093,575. International Paper Co makes up approx 0.09% of Arizona State Retirement System’s portfolio.Mrj Capital Inc reduced its stake in IP by selling 2,300 shares or 2.05% in the most recent quarter. The Hedge Fund company now holds 109,867 shares of IP which is valued at $5,108,816. International Paper Co makes up approx 3.35% of Mrj Capital Inc’s portfolio.Wedbush Securities Inc reduced its stake in IP by selling 781 shares or 2.91% in the most recent quarter. The Hedge Fund company now holds 26,030 shares of IP which is valued at $1,190,612. International Paper Co makes up approx 0.19% of Wedbush Securities Inc’s portfolio.Umb Bank N Amo boosted its stake in IP in the latest quarter, The investment management firm added 2,650 additional shares and now holds a total of 9,505 shares of International Paper Co which is valued at $433,333. International Paper Co makes up approx 0.02% of Umb Bank N Amo’s portfolio.

International Paper Co opened for trading at $48.59 and hit $48.99 on the upside on Thursday, eventually ending the session at $48.71, with a gain of 0.45% or 0.22 points. The heightened volatility saw the trading volume jump to 21,12,686 shares. Company has a market cap of $20,030 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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