Gratus Capital Lowers stake in International Paper Co (IP)

International Paper Co (IP) : Gratus Capital reduced its stake in International Paper Co by 4.87% during the most recent quarter end. The investment management company now holds a total of 157,353 shares of International Paper Co which is valued at $7,197,326 after selling 8,054 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 1.05% of Gratus Capital’s portfolio.

Other Hedge Funds, Including , 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.Tokio Marine Asset Management Co Ltd reduced its stake in IP by selling 747 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 29,949 shares of IP which is valued at $1,365,375. International Paper Co makes up approx 0.14% of Tokio Marine Asset Management Co Ltd’s portfolio.Winslow Evans Crocker reduced its stake in IP by selling 377 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 14,456 shares of IP which is valued at $652,255. International Paper Co makes up approx 0.19% of Winslow Evans Crocker’s portfolio.Regentatlantic Capital boosted its stake in IP in the latest quarter, The investment management firm added 1,490 additional shares and now holds a total of 37,970 shares of International Paper Co which is valued at $1,709,030. International Paper Co makes up approx 0.16% of Regentatlantic Capital’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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