Hanlon Investment Management adds International Paper Co (IP) to its portfolio

International Paper Co (IP) : Hanlon Investment Management added new position in International Paper Co during the most recent quarter end. The investment management firm now holds 115,762 shares of International Paper Co which is valued at $5,294,954 , the company said in a statement filed on Aug 2, 2016 with the SEC.International Paper Co makes up approximately 0.45% of Hanlon Investment Management’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund boosted its stake in IP in the latest quarter, The investment management firm added 6,091 additional shares and now holds a total of 97,160 shares of International Paper Co which is valued at $4,444,098. International Paper Co makes up approx 0.10% of Oregon Public Employees Retirement Fund’s portfolio.Cutler Capital Management reduced its stake in IP by selling 1,000 shares or 12.5% in the most recent quarter. The Hedge Fund company now holds 7,000 shares of IP which is valued at $319,130. International Paper Co makes up approx 0.23% of Cutler Capital Management’s portfolio.Commonwealth Financial Services reduced its stake in IP by selling 870 shares or 13.75% in the most recent quarter. The Hedge Fund company now holds 5,455 shares of IP which is valued at $246,130. International Paper Co makes up approx 0.28% of Commonwealth Financial Services’s portfolio.Checchi Capital Advisers reduced its stake in IP by selling 220 shares or 3.93% in the most recent quarter. The Hedge Fund company now holds 5,383 shares of IP which is valued at $242,881. International Paper Co makes up approx 0.06% of Checchi Capital Advisers’s portfolio.Nikko Asset Management Americas boosted its stake in IP in the latest quarter, The investment management firm added 90,700 additional shares and now holds a total of 613,419 shares of International Paper Co which is valued at $27,609,989. International Paper Co makes up approx 2.55% of Nikko Asset Management Americas’s portfolio.

International Paper Co opened for trading at $45.93 and hit $46.34 on the upside on Monday, eventually ending the session at $46.18, with a gain of 0.43% or 0.2 points. The heightened volatility saw the trading volume jump to 21,12,891 shares. Company has a market cap of $18,988 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 Jul 12, 2016, International Paper Co announced a cash dividend of $0.4400. The company’s management has announced Aug 11, 2016 as the ex-dividend date and fixed the record date on Aug 15, 2016. The payable date has been fixed on Sep 15, 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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