International Paper Co (IP) : Srb Corp added new position in International Paper Co during the most recent quarter end. The investment management firm now holds 4,061 shares of International Paper Co which is valued at $170,440 , the company said in a statement filed on May 13, 2016 with the SEC.International Paper Co makes up approximately 0.03% of Srb Corp’s portfolio.
Other Hedge Funds, Including , First Republic Investment Management boosted its stake in IP in the latest quarter, The investment management firm added 1,319 additional shares and now holds a total of 27,304 shares of International Paper Co which is valued at $1.1 Million. International Paper Co makes up approx 0.01% of First Republic Investment Management’s portfolio.Thrivent Financial For Lutherans boosted its stake in IP in the latest quarter, The investment management firm added 5,050 additional shares and now holds a total of 381,425 shares of International Paper Co which is valued at $16 Million. International Paper Co makes up approx 0.08% of Thrivent Financial For Lutherans’s portfolio. Cannell Peter B Co Inc added IP to its portfolio by purchasing 6,500 company shares during the most recent quarter which is valued at $272,805. International Paper Co makes up approx 0.01% of Cannell Peter B Co Inc’s portfolio.Teacher Retirement System Of Texas boosted its stake in IP in the latest quarter, The investment management firm added 18,850 additional shares and now holds a total of 268,196 shares of International Paper Co which is valued at $11.3 Million. International Paper Co makes up approx 0.08% of Teacher Retirement System Of Texas’s portfolio.Russell Frank Co reduced its stake in IP by selling 310,020 shares or 32.93% in the most recent quarter. The Hedge Fund company now holds 631,291 shares of IP which is valued at $27.3 Million. International Paper Co makes up approx 0.05% of Russell Frank Co’s portfolio.
International Paper Co opened for trading at $41.18 and hit $42.42 on the upside on Wednesday, eventually ending the session at $42.13, with a gain of 2.81% or 1.15 points. The heightened volatility saw the trading volume jump to 48,84,343 shares. Company has a market cap of $17,323 M.
On the company’s financial health, International Paper Co reported $0.80 EPS for the quarter, beating the analyst consensus estimate by $ 0.11 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.69. The company had revenue of $5110.00 million for the quarter, compared to analysts expectations of $5201.31 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.84 EPS.
Many Wall Street Analysts have commented on International Paper Co. International Paper Co was Downgraded by Jefferies to ” Hold” on May 3, 2016. Company shares were Reiterated by Barclays on May 2, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 44 from a previous price target of $38 .International Paper Co was Downgraded by Credit Suisse to ” Neutral” on Apr 28, 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.