International Paper Co (IP) : Ronna Sue Cohen reduced its stake in International Paper Co by 0.95% during the most recent quarter end. The investment management company now holds a total of 79,700 shares of International Paper Co which is valued at $3,728,366 after selling 764 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.International Paper Co makes up approximately 2.82% of Ronna Sue Cohen’s portfolio.
Other Hedge Funds, Including , 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. Simplex Trading added IP to its portfolio by purchasing 22,650 company shares during the most recent quarter which is valued at $1,060,473. International Paper Co makes up approx 0.14% of Simplex Trading’s portfolio.Independent Portfolio Consultants reduced its stake in IP by selling 715 shares or 30.95% in the most recent quarter. The Hedge Fund company now holds 1,595 shares of IP which is valued at $74,502. International Paper Co makes up approx 0.02% of Independent Portfolio Consultants’s portfolio. Eqis Capital Management sold out all of its stake in IP during the most recent quarter. The investment firm sold 8,349 shares of IP which is valued $389,982.
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.