Moors Cabot buys $2,792,710 stake in International Paper Co (IP)

International Paper Co (IP) : Moors Cabot scooped up 1,506 additional shares in International Paper Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 8, 2016. The investment management firm now holds a total of 59,508 shares of International Paper Co which is valued at $2,792,710.International Paper Co makes up approximately 0.48% of Moors Cabot’s portfolio.

Other Hedge Funds, Including , Gerstein Fisher reduced its stake in IP by selling 394 shares or 4.69% in the most recent quarter. The Hedge Fund company now holds 8,008 shares of IP which is valued at $375,815. International Paper Co makes up approx 0.05% of Gerstein Fisher’s portfolio.Investors Capital Advisory Services boosted its stake in IP in the latest quarter, The investment management firm added 666 additional shares and now holds a total of 9,043 shares of International Paper Co which is valued at $413,627. International Paper Co makes up approx 0.08% of Investors Capital Advisory Services’s portfolio.Essex Financial Services reduced its stake in IP by selling 490 shares or 9.15% in the most recent quarter. The Hedge Fund company now holds 4,864 shares of IP which is valued at $222,820. International Paper Co makes up approx 0.05% of Essex Financial Services’s portfolio.Jfs Wealth Advisors reduced its stake in IP by selling 907 shares or 20.21% in the most recent quarter. The Hedge Fund company now holds 3,580 shares of IP which is valued at $163,212. International Paper Co makes up approx 0.04% of Jfs Wealth Advisors’s portfolio.Butensky Cohen Financial Security Inc boosted its stake in IP in the latest quarter, The investment management firm added 85 additional shares and now holds a total of 34,764 shares of International Paper Co which is valued at $1,584,891. International Paper Co makes up approx 1.54% of Butensky Cohen Financial Security Inc’s portfolio.

International Paper Co closed down -0.18 points or -0.39% at $46.32 with 20,86,304 shares getting traded on Monday. Post opening the session at $46.5, the shares hit an intraday low of $46.32 and an intraday high of $46.88 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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