Intersect Capital buys $796,167 stake in International Paper Co (IP)

International Paper Co (IP) : Intersect Capital scooped up 2,550 additional shares in International Paper Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 16,965 shares of International Paper Co which is valued at $796,167.International Paper Co makes up approximately 0.47% of Intersect Capital’s portfolio.

Other Hedge Funds, Including , Advisors Asset Management boosted its stake in IP in the latest quarter, The investment management firm added 113,027 additional shares and now holds a total of 472,854 shares of International Paper Co which is valued at $22,191,038. International Paper Co makes up approx 0.35% of Advisors Asset Management’s portfolio.Ftb Advisors reduced its stake in IP by selling 44 shares or 0.68% in the most recent quarter. The Hedge Fund company now holds 6,380 shares of IP which is valued at $292,268. International Paper Co makes up approx 0.04% of Ftb Advisors’s portfolio.Pggm Investments boosted its stake in IP in the latest quarter, The investment management firm added 751,181 additional shares and now holds a total of 1,033,630 shares of International Paper Co which is valued at $47,123,192. International Paper Co makes up approx 0.23% of Pggm Investments’s portfolio.Louisiana State Employees Retirement System reduced its stake in IP by selling 500 shares or 1.82% in the most recent quarter. The Hedge Fund company now holds 27,000 shares of IP which is valued at $1,230,930. International Paper Co makes up approx 0.06% of Louisiana State Employees Retirement System’s portfolio.

International Paper Co opened for trading at $46.76 and hit $47.33 on the upside on Wednesday, eventually ending the session at $47.31, with a gain of 1.39% or 0.65 points. The heightened volatility saw the trading volume jump to 24,54,666 shares. Company has a market cap of $19,454 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.

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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