Mission Wealth Management buys $1,302,760 stake in International Paper Co (IP)

International Paper Co (IP) : Mission Wealth Management scooped up 77 additional shares in International Paper Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 27,595 shares of International Paper Co which is valued at $1,302,760.International Paper Co makes up approximately 0.31% of Mission Wealth Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in IP in the latest quarter, The investment management firm added 106,942 additional shares and now holds a total of 26,905,280 shares of International Paper Co which is valued at $1,270,198,269. International Paper Co makes up approx 0.07% of Vanguard Group Inc’s portfolio.Ridgeworth Capital Management boosted its stake in IP in the latest quarter, The investment management firm added 561,225 additional shares and now holds a total of 563,446 shares of International Paper Co which is valued at $25,811,461. International Paper Co makes up approx 0.23% of Ridgeworth Capital Management’s portfolio.Sit Investment Associates Inc reduced its stake in IP by selling 29,250 shares or 7.31% in the most recent quarter. The Hedge Fund company now holds 370,875 shares of IP which is valued at $16,385,258. International Paper Co makes up approx 0.45% of Sit Investment Associates Inc’s portfolio.Gateway Investment Advisers boosted its stake in IP in the latest quarter, The investment management firm added 855 additional shares and now holds a total of 35,690 shares of International Paper Co which is valued at $1,667,080. International Paper Co makes up approx 0.01% of Gateway Investment Advisers’s portfolio. Longer Investments added IP to its portfolio by purchasing 36,927 company shares during the most recent quarter which is valued at $1,736,677. International Paper Co makes up approx 1.53% of Longer Investments’s portfolio.

International Paper Co opened for trading at $48.28 and hit $48.52 on the upside on Monday, eventually ending the session at $48.45, with a gain of 0.27% or 0.13 points. The heightened volatility saw the trading volume jump to 23,05,160 shares. Company has a market cap of $19,923 M.

On the company’s financial health, International Paper Co reported $0.91 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Oct 27, 2016. Analyst had a consensus of $0.93. The company had revenue of $5266.00 million for the quarter, compared to analysts expectations of $5366.24 million. The company’s revenue was down -7.5 % 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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