Simplex Trading adds International Paper Co (IP) to its portfolio

International Paper Co (IP) : Simplex Trading added new position in International Paper Co during the most recent quarter end. The investment management firm now holds 22,650 shares of International Paper Co which is valued at $1,060,473 , the company said in a statement filed on Oct 7, 2016 with the SEC.International Paper Co makes up approximately 0.14% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , Advisory Services Network boosted its stake in IP in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 752 shares of International Paper Co which is valued at $35,209. International Paper Co makes up approx 0.01% of Advisory Services Network’s portfolio.Chevy Chase Trust Holdings reduced its stake in IP by selling 8,088 shares or 2.3% in the most recent quarter. The Hedge Fund company now holds 343,761 shares of IP which is valued at $16,057,076. International Paper Co makes up approx 0.09% of Chevy Chase Trust Holdings’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.Summit Financial Wealth Advisors boosted its stake in IP in the latest quarter, The investment management firm added 5,080 additional shares and now holds a total of 18,752 shares of International Paper Co which is valued at $875,906. International Paper Co makes up approx 0.38% of Summit Financial Wealth Advisors’s portfolio.Lynch Associatesin boosted its stake in IP in the latest quarter, The investment management firm added 1,325 additional shares and now holds a total of 28,338 shares of International Paper Co which is valued at $1,323,668. International Paper Co makes up approx 0.59% of Lynch Associatesin’s portfolio.

International Paper Co closed down -0.48 points or -1.01% at $46.82 with 37,92,942 shares getting traded on Friday. Post opening the session at $47.49, the shares hit an intraday low of $46.52 and an intraday high of $47.68 and the price fluctuated in this range throughout the day.Shares ended Friday 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 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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