Sarasin Partners Llp Lowers stake in International Paper Co (IP)

International Paper Co (IP) : Sarasin Partners Llp reduced its stake in International Paper Co by 8.49% during the most recent quarter end. The investment management company now holds a total of 38,490 shares of International Paper Co which is valued at $1,798,638 after selling 3,572 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 0.03% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in IP in the latest quarter, The investment management firm added 3,012 additional shares and now holds a total of 91,899 shares of International Paper Co which is valued at $4,294,440. International Paper Co makes up approx 0.10% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Msi Financial Services Inc reduced its stake in IP by selling 7,253 shares or 13.42% in the most recent quarter. The Hedge Fund company now holds 46,804 shares of IP which is valued at $2,144,559. International Paper Co makes up approx 0.07% of Msi Financial Services Inc’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.Chevy Chase Trust Holdings reduced its stake in IP by selling 8,088 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 343,761 shares of IP which is valued at $16,057,076. International Paper Co makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in IP by selling 6,297 shares or 6.75% in the most recent quarter. The Hedge Fund company now holds 87,054 shares of IP which is valued at $4,066,292. International Paper Co makes up approx 0.02% of Bnp Paribas Arbitrage Sa’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 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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