Capital Innovations Lowers stake in International Paper Co (IP)

International Paper Co (IP) : Capital Innovations reduced its stake in International Paper Co by 66.38% during the most recent quarter end. The investment management company now holds a total of 25,146 shares of International Paper Co which is valued at $1,169,289 after selling 49,640 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.International Paper Co makes up approximately 3.27% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Dynamic Technology Lab Private Ltd sold out all of its stake in IP during the most recent quarter. The investment firm sold 9,645 shares of IP which is valued $448,493.Rnc Capital Management boosted its stake in IP in the latest quarter, The investment management firm added 14,239 additional shares and now holds a total of 713,026 shares of International Paper Co which is valued at $32,506,855. International Paper Co makes up approx 2.94% of Rnc Capital Management’s portfolio.Nikko Asset Management Americas boosted its stake in IP in the latest quarter, The investment management firm added 90,700 additional shares and now holds a total of 613,419 shares of International Paper Co which is valued at $27,609,989. International Paper Co makes up approx 2.55% of Nikko Asset Management Americas’s portfolio.

International Paper Co opened for trading at $48.8 and hit $49.43 on the upside on Monday, eventually ending the session at $48.9, with a gain of 0.02% or 0.01 points. The heightened volatility saw the trading volume jump to 27,44,015 shares. Company has a market cap of $20,108 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *