Gradient Investments buys $4,206,336 stake in International Paper Co (IP)

International Paper Co (IP) : Gradient Investments scooped up 18,327 additional shares in International Paper Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 100,823 shares of International Paper Co which is valued at $4,206,336.International Paper Co makes up approximately 0.52% of Gradient Investments’s portfolio.

International Paper Co opened for trading at $41.54 and hit $42.09 on the upside on Monday, eventually ending the session at $42.02, with a gain of 0.72% or 0.3 points. The heightened volatility saw the trading volume jump to 23,72,652 shares. Company has a market cap of $17,277 M.

Other Hedge Funds, Including , Sentinel Trust Co Lba added IP to its portfolio by purchasing 7,029 company shares during the most recent quarter which is valued at $293,250. International Paper Co makes up approx 0.04% of Sentinel Trust Co Lba’s portfolio.State Of Alaska Department Of Revenue boosted its stake in IP in the latest quarter, The investment management firm added 7,500 additional shares and now holds a total of 32,460 shares of International Paper Co which is valued at $1,354,231. International Paper Co makes up approx 0.14% of State Of Alaska Department Of Revenue’s portfolio.Lynch Associatesin boosted its stake in IP in the latest quarter, The investment management firm added 3,836 additional shares and now holds a total of 17,636 shares of International Paper Co which is valued at $735,774. International Paper Co makes up approx 0.35% of Lynch Associatesin’s portfolio.Stillwater Capital Advisors boosted its stake in IP in the latest quarter, The investment management firm added 101,185 additional shares and now holds a total of 207,143 shares of International Paper Co which is valued at $8,642,006. International Paper Co makes up approx 2.51% of Stillwater Capital Advisors’s portfolio.Waverton Investment Management Ltd reduced its stake in IP by selling 177,667 shares or 58.57% in the most recent quarter. The Hedge Fund company now holds 125,656 shares of IP which is valued at $5,048,858. International Paper Co makes up approx 0.38% of Waverton Investment Management Ltd’s portfolio.

On the company’s financial health, International Paper Co reported $0.87 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 3, 2016. Analyst had a consensus of $0.82. The company had revenue of $5443.00 million for the quarter, compared to analysts expectations of $5685.07 million. The company’s revenue was down -8.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on International Paper Co. International Paper Co was Downgraded by Citigroup to ” Neutral” on Jan 25, 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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