International Paper Co (IP) : Pillar Pacific Capital Management scooped up 2,143 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 1, 2016. The investment management firm now holds a total of 91,279 shares of International Paper Co which is valued at $4,175,101.International Paper Co makes up approximately 0.67% of Pillar Pacific Capital Management’s portfolio.
Other Hedge Funds, Including , Concert Wealth Management boosted its stake in IP in the latest quarter, The investment management firm added 600 additional shares and now holds a total of 20,751 shares of International Paper Co which is valued at $950,603. International Paper Co makes up approx 0.13% of Concert Wealth 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. Mutual Of Omaha Bank Wealth Management sold out all of its stake in IP during the most recent quarter. The investment firm sold 13,497 shares of IP which is valued $597,107.
International Paper Co opened for trading at $45.85 and hit $46.38 on the upside on Thursday, eventually ending the session at $45.82, with a gain of 0.17% or 0.08 points. The heightened volatility saw the trading volume jump to 20,61,309 shares. Company has a market cap of $18,840 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.
Investors should note that on Jul 12, 2016, International Paper Co announced a cash dividend of $0.4400. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 15, 2016.
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 segments 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 Packagings 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.