International Paper Co (IP) : Weaver C. Barksdale Associates added new position in International Paper Co during the most recent quarter end. The investment management firm now holds 20,852 shares of International Paper Co which is valued at $953,353 , the company said in a statement filed on Oct 12, 2016 with the SEC.International Paper Co makes up approximately 1.64% of Weaver C. Barksdale Associates’s portfolio.
Other Hedge Funds, Including , Waverton Investment Management Ltd boosted its stake in IP in the latest quarter, The investment management firm added 60,390 additional shares and now holds a total of 141,696 shares of International Paper Co which is valued at $6,478,341. International Paper Co makes up approx 0.44% of Waverton Investment Management Ltd’s portfolio.Oregon Public Employees Retirement Fund boosted its stake in IP in the latest quarter, The investment management firm added 8,911 additional shares and now holds a total of 106,071 shares of International Paper Co which is valued at $4,962,001. International Paper Co makes up approx 0.11% of Oregon Public Employees Retirement Fund’s portfolio. Cutler Group Lp sold out all of its stake in IP during the most recent quarter. The investment firm sold 31,983 shares of IP which is valued $1,496,165.Kelman-lazarov reduced its stake in IP by selling 790 shares or 53.02% in the most recent quarter. The Hedge Fund company now holds 700 shares of IP which is valued at $32,746. International Paper Co makes up approx 0.02% of Kelman-lazarov’s portfolio.
International Paper Co closed down -1.06 points or -2.27% at $45.72 with 29,08,173 shares getting traded on Tuesday. Post opening the session at $46.56, the shares hit an intraday low of $45.4 and an intraday high of $46.56 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
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.