International Paper Co (IP) : Ronna Sue Cohen scooped up 4,449 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 20, 2016. The investment management firm now holds a total of 77,836 shares of International Paper Co which is valued at $3,374,969.International Paper Co makes up approximately 2.83% of Ronna Sue Cohen’s portfolio.
International Paper Co opened for trading at $42.73 and hit $43.49 on the upside on Friday, eventually ending the session at $43.36, with a gain of 1.86% or 0.79 points. The heightened volatility saw the trading volume jump to 29,53,235 shares. Company has a market cap of $17,828 M.
Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in IP in the latest quarter, The investment management firm added 281 additional shares and now holds a total of 1,088 shares of International Paper Co which is valued at $47,176. International Paper Co makes up approx 0.01% of Carroll Financial Associates’s portfolio. Atria Investments added IP to its portfolio by purchasing 12,101 company shares during the most recent quarter which is valued at $524,699. International Paper Co makes up approx 0.06% of Atria Investments’s portfolio.Patten Patten Inctn reduced its stake in IP by selling 7,600 shares or 52.96% in the most recent quarter. The Hedge Fund company now holds 6,750 shares of IP which is valued at $281,610. International Paper Co makes up approx 0.04% of Patten Patten Inctn’s portfolio. Visionary Asset Management added IP to its portfolio by purchasing 62,876 company shares during the most recent quarter which is valued at $2,623,187. International Paper Co makes up approx 0.92% of Visionary Asset Management’s portfolio.Dnb Asset Management As boosted its stake in IP in the latest quarter, The investment management firm added 6,700 additional shares and now holds a total of 29,497 shares of International Paper Co which is valued at $1,230,615. International Paper Co makes up approx 0.03% of Dnb Asset Management As’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. 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.