International Paper Co (IP) : Albion Financial Group Ut scooped up 10,710 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 21, 2016. The investment management firm now holds a total of 36,555 shares of International Paper Co which is valued at $1,585,025.International Paper Co makes up approximately 0.26% of Albion Financial Group Ut’s portfolio.
International Paper Co opened for trading at $44.06 and hit $44.598 on the upside on Wednesday, eventually ending the session at $44.18, with a gain of 1.87% or 0.81 points. The heightened volatility saw the trading volume jump to 40,52,356 shares. Company has a market cap of $18,165 M.
Other Hedge Funds, Including , Strs Ohio sold out all of its stake in IP during the most recent quarter. The investment firm sold 13,460 shares of IP which is valued $583,626.Foster Motley Inc boosted its stake in IP in the latest quarter, The investment management firm added 35,163 additional shares and now holds a total of 105,931 shares of International Paper Co which is valued at $4,593,168. International Paper Co makes up approx 0.92% of Foster Motley Inc’s portfolio.Gemmer Asset Management reduced its stake in IP by selling 900 shares or 62.03% in the most recent quarter. The Hedge Fund company now holds 551 shares of IP which is valued at $22,988. International Paper Co makes up approx 0.01% of Gemmer Asset Management’s portfolio.Webster Bank N. A. boosted its stake in IP in the latest quarter, The investment management firm added 12,006 additional shares and now holds a total of 17,556 shares of International Paper Co which is valued at $732,436. International Paper Co makes up approx 0.11% of Webster Bank N. A.’s portfolio.Capstone Asset Management Co boosted its stake in IP in the latest quarter, The investment management firm added 200,410 additional shares and now holds a total of 239,428 shares of International Paper Co which is valued at $9,988,936. International Paper Co makes up approx 0.28% of Capstone Asset Management Co’s portfolio.
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. RBC Capital Mkts Downgraded International Paper Co on Apr 25, 2016 to ” Sector Perform”, Price Target of the shares are set at $46.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 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.