Capital Innovations Lowers stake in International Paper Co (IP)

International Paper Co (IP) : Capital Innovations reduced its stake in International Paper Co by 26.12% during the most recent quarter end. The investment management company now holds a total of 74,786 shares of International Paper Co which is valued at $3.1 Million after selling 26,443 shares in International Paper Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.International Paper Co makes up approximately 5.41% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Holderness Investments Co reduced its stake in IP by selling 452 shares or 2.67% in the most recent quarter. The Hedge Fund company now holds 16,486 shares of IP which is valued at $691,917. International Paper Co makes up approx 0.66% of Holderness Investments Co’s portfolio.Nikko Asset Management Americas reduced its stake in IP by selling 78,500 shares or 13.06% in the most recent quarter. The Hedge Fund company now holds 522,719 shares of IP which is valued at $21.9 Million. International Paper Co makes up approx 2.53% of Nikko Asset Management Americas’s portfolio.First Trust Advisors Lp boosted its stake in IP in the latest quarter, The investment management firm added 37,565 additional shares and now holds a total of 280,071 shares of International Paper Co which is valued at $11.8 Million. International Paper Co makes up approx 0.04% of First Trust Advisors Lp’s portfolio.Lsv Asset Management boosted its stake in IP in the latest quarter, The investment management firm added 166,500 additional shares and now holds a total of 1,420,490 shares of International Paper Co which is valued at $59.6 Million. International Paper Co makes up approx 0.13% of Lsv Asset Management’s portfolio.Pitcairn Co boosted its stake in IP in the latest quarter, The investment management firm added 4,847 additional shares and now holds a total of 19,293 shares of International Paper Co which is valued at $834,808. International Paper Co makes up approx 0.11% of Pitcairn Co’s portfolio.

International Paper Co opened for trading at $42.01 and hit $42.4 on the upside on Monday, eventually ending the session at $42.21, with a gain of 0.57% or 0.24 points. The heightened volatility saw the trading volume jump to 29,84,411 shares. Company has a market cap of $17,356 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 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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