International Paper Co (IP) : Reliance Trust Co Of Delaware reduced its stake in International Paper Co by 0.8% during the most recent quarter end. The investment management company now holds a total of 36,447 shares of International Paper Co which is valued at $1,703,168 after selling 293 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.International Paper Co makes up approximately 0.16% of Reliance Trust Co Of Delaware’s portfolio.
Other Hedge Funds, Including , National Pension Service boosted its stake in IP in the latest quarter, The investment management firm added 24,627 additional shares and now holds a total of 310,235 shares of International Paper Co which is valued at $14,497,282. International Paper Co makes up approx 0.12% of National Pension Service’s portfolio.Community Bank N.a. reduced its stake in IP by selling 113 shares or 16.12% in the most recent quarter. The Hedge Fund company now holds 588 shares of IP which is valued at $26,942. International Paper Co makes up approx 0.01% of Community Bank N.a.’s portfolio.Atria Investments boosted its stake in IP in the latest quarter, The investment management firm added 2,781 additional shares and now holds a total of 19,125 shares of International Paper Co which is valued at $874,395. International Paper Co makes up approx 0.08% of Atria Investments’s portfolio.North Star Investment Management Corp. boosted its stake in IP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 6,750 shares of International Paper Co which is valued at $308,610. International Paper Co makes up approx 0.06% of North Star Investment Management Corp.’s portfolio.Carroll Financial Associates reduced its stake in IP by selling 1 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 902 shares of IP which is valued at $42,196. International Paper Co makes up approx 0.01% of Carroll Financial Associates’s portfolio.
International Paper Co opened for trading at $46.14 and hit $47.03 on the upside on Friday, eventually ending the session at $46.73, with a gain of 1.99% or 0.91 points. The heightened volatility saw the trading volume jump to 34,86,936 shares. Company has a market cap of $19,215 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 Oct 11, 2016, International Paper Co announced a cash dividend of $0.4625. The company’s management has announced Nov 11, 2016 as the ex-dividend date and fixed the record date on Nov 15, 2016. The payable date has been fixed on Dec 15, 2016.
Many Wall Street Analysts have commented on International Paper Co. International Paper Co was Initiated by Goldman to “Neutral” on Sep 22, 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.