International Paper Co (IP) : Sasco Capital Inc Ct reduced its stake in International Paper Co by 11.39% during the most recent quarter end. The investment management company now holds a total of 3,213,628 shares of International Paper Co which is valued at $149,433,702 after selling 413,239 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.International Paper Co makes up approximately 3.66% of Sasco Capital Inc Ct’s portfolio.
Other Hedge Funds, Including , Cipher Capital Lp sold out all of its stake in IP during the most recent quarter. The investment firm sold 8,329 shares of IP which is valued $387,299.Bb&t Securities boosted its stake in IP in the latest quarter, The investment management firm added 5,780 additional shares and now holds a total of 28,854 shares of International Paper Co which is valued at $1,326,707. International Paper Co makes up approx 0.02% of Bb&t Securities’s portfolio.Commonwealth Equity Services Inc boosted its stake in IP in the latest quarter, The investment management firm added 11,682 additional shares and now holds a total of 131,294 shares of International Paper Co which is valued at $6,036,898. International Paper Co makes up approx 0.05% of Commonwealth Equity Services Inc’s portfolio.Cable Hill Partners reduced its stake in IP by selling 118 shares or 32.07% in the most recent quarter. The Hedge Fund company now holds 250 shares of IP which is valued at $11,495. International Paper Co makes up approx 0.01% of Cable Hill Partners’s portfolio.Pitcairn Co reduced its stake in IP by selling 3,070 shares or 15.91% in the most recent quarter. The Hedge Fund company now holds 16,223 shares of IP which is valued at $739,607. International Paper Co makes up approx 0.09% of Pitcairn Co’s portfolio.
International Paper Co opened for trading at $46.98 and hit $47.23 on the upside on Tuesday, eventually ending the session at $46.96, with a gain of 0.86% or 0.4 points. The heightened volatility saw the trading volume jump to 18,37,902 shares. Company has a market cap of $19,310 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 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.