Advisors Asset Administration Inc. grew its place in Worldwide Paper (NYSE:IP – Get Ranking) by 4.7% in the course of the third quarter, in line with the corporate in its most up-to-date disclosure with the Securities and Change Fee. The agency owned 267,014 shares of the essential supplies firm’s inventory after buying an extra 11,872 shares in the course of the quarter. Advisors Asset Administration Inc. owned about 0.08% of Worldwide Paper price $8,464,000 on the finish of the newest reporting interval.
A number of different institutional traders additionally not too long ago added to or lowered their stakes within the inventory. Desjardins International Asset Administration Inc. elevated its stake in Worldwide Paper by 45.5% within the 1st quarter. Desjardins International Asset Administration Inc. now owns 675 shares of the essential supplies firm’s inventory price $31,000 after shopping for an extra 211 shares in the course of the interval. Brown Advisory Inc. elevated its stake in Worldwide Paper by 1.8% within the 2nd quarter. Brown Advisory Inc. now owns 14,280 shares of the essential supplies firm’s inventory price $666,000 after shopping for an extra 250 shares in the course of the interval. Norwood Monetary Corp elevated its stake in Worldwide Paper by 29.1% within the third quarter. Norwood Monetary Corp now owns 1,420 shares of the essential supplies firm’s inventory price $45,000 after shopping for an extra 320 shares in the course of the interval. Carret Asset Administration LLC elevated its stake in Worldwide Paper by 0.6% within the third quarter. Carret Asset Administration LLC now owns 59,986 shares of the essential supplies firm’s inventory price $1,902,000 after shopping for an extra 337 shares in the course of the interval. Lastly, Harmony Wealth Companions elevated its stake in Worldwide Paper by 38.0% within the 2nd quarter. Harmony Wealth Companions now owns 1,230 shares of the essential supplies firm’s inventory price $51,000 after shopping for an extra 339 shares in the course of the interval. Hedge funds and different institutional traders personal 83.64% of the corporate’s inventory.
Insider Shopping for and Promoting
In associated information, SVP Thomas J. Plath offered 2,000 shares of Worldwide Paper inventory in a transaction that occurred on Wednesday, November thirtieth. The shares had been offered at a mean worth of $36.00, for a complete worth of $72,000.00. Following the completion of the sale, the senior vice chairman now immediately owns 49,953 shares within the firm, valued at roughly $1,798,308. The transaction was disclosed in a doc filed with the Securities & Change Fee, which may be accessed by way of the SEC web site. 0.42% of the inventory is owned by firm insiders.
Worldwide Paper Inventory Down 0.4 %
NYSE:IP opened at $41.36 on Monday. Worldwide Paper has a fifty-two week low of $30.69 and a fifty-two week excessive of $50.23. The inventory has a market capitalization of $14.71 billion, a P/E ratio of 10.16 and a beta of 1.05. The corporate has a debt-to-equity ratio of 0.57, a fast ratio of 0.97 and a present ratio of 1.35. The corporate’s 50-day easy shifting common is $36.79 and its 200-day easy shifting common is $37.38.
Worldwide Paper (NYSE:IP – Get Ranking) final launched its earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.18. The corporate had income of $5.13 billion in the course of the quarter, in comparison with analysts’ expectations of $5.20 billion. Worldwide Paper had a web margin of seven.11% and a return on fairness of 15.81%. Worldwide Paper’s income for the quarter was up .9% on a year-over-year foundation. Throughout the identical interval final 12 months, the enterprise earned $0.78 EPS. On common, equities analysts anticipate that Worldwide Paper will publish 2.82 earnings per share for the present fiscal 12 months.
Worldwide Paper Dividend Announcement
The enterprise additionally not too long ago introduced a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Traders of document on Friday, February seventeenth will probably be paid a $0.4625 dividend. This represents a $1.85 dividend on an annualized foundation and a yield of 4.47%. The ex-dividend date is Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio (DPR) is presently 45.45%.
Wall Avenue Analysts Forecast Development
A number of analysis analysts not too long ago commented on the inventory. UBS Group raised shares of Worldwide Paper from a “promote” ranking to a “impartial” ranking and raised their worth goal for the inventory from $31.00 to $43.00 in a analysis observe on Friday. Wells Fargo & Firm elevated their goal worth on shares of Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a report on Wednesday, February 1st. BMO Capital Markets dropped their goal worth on shares of Worldwide Paper from $60.00 to $50.00 in a report on Friday, October twenty eighth. Argus elevated their goal worth on shares of Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a report on Thursday. Lastly, StockNews.com initiated protection on shares of Worldwide Paper in a report on Wednesday, October twelfth. They set a “purchase” ranking on the inventory. Three analysis analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have assigned a purchase ranking to the inventory. In accordance with knowledge from MarketBeat, the inventory at the moment has a mean ranking of “Maintain” and a consensus goal worth of $38.82.
Worldwide Paper Profile
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by way of the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging phase is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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