Argus Traders Counsel Inc. boosted its stake in Worldwide Paper (NYSE:IP – Get Ranking) by 27.2% within the 4th quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 33,165 shares of the fundamental supplies firm’s inventory after buying an extra 7,100 shares in the course of the quarter. Argus Traders Counsel Inc.’s holdings in Worldwide Paper had been price $1,149,000 as of its most up-to-date submitting with the Securities & Alternate Fee.
A variety of different hedge funds have additionally added to or decreased their stakes within the inventory. EverSource Wealth Advisors LLC elevated its stake in Worldwide Paper by 165.8% within the third quarter. EverSource Wealth Advisors LLC now owns 776 shares of the fundamental supplies firm’s inventory price $25,000 after buying an extra 484 shares over the last quarter. Desjardins World Asset Administration Inc. grew its holdings in shares of Worldwide Paper by 45.5% in the course of the first quarter. Desjardins World Asset Administration Inc. now owns 675 shares of the fundamental supplies firm’s inventory price $31,000 after buying an extra 211 shares within the final quarter. Tobam purchased a brand new place in shares of Worldwide Paper within the third quarter price roughly $36,000. Eagle Bay Advisors LLC bought a brand new stake in Worldwide Paper within the second quarter valued at roughly $38,000. Lastly, Norwood Monetary Corp lifted its place in Worldwide Paper by 29.1% in the course of the third quarter. Norwood Monetary Corp now owns 1,420 shares of the fundamental supplies firm’s inventory valued at $45,000 after buying an extra 320 shares over the last quarter. Hedge funds and different institutional buyers personal 83.64% of the corporate’s inventory.
Analyst Scores Modifications
A variety of equities analysts have not too long ago commented on the inventory. Wells Fargo & Firm elevated their worth goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” score in a report on Wednesday, February 1st. StockNews.com assumed protection on Worldwide Paper in a analysis report on Thursday, March sixteenth. They set a “purchase” score on the inventory. Truist Monetary upped their worth goal on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” score in a report on Wednesday, February 1st. Citigroup elevated their worth goal on Worldwide Paper from $36.00 to $44.00 and gave the corporate a “impartial” score in a analysis report on Thursday, February 2nd. Lastly, Royal Financial institution of Canada boosted their goal worth on Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” score in a analysis report on Wednesday, February 1st. Three funding analysts have rated the inventory with a promote score, 5 have issued a maintain score and two have assigned a purchase score to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, Worldwide Paper has a consensus score of “Maintain” and a mean goal worth of $38.82.
Insider Exercise at Worldwide Paper
In associated information, SVP Timothy S. Nicholls bought 5,000 shares of the corporate’s inventory in a transaction that occurred on Thursday, February sixteenth. The inventory was bought at a mean worth of $38.95, for a complete transaction of $194,750.00. Following the completion of the transaction, the senior vp now owns 129,261 shares within the firm, valued at $5,034,715.95. The sale was disclosed in a submitting with the SEC, which is out there via this hyperlink. In different Worldwide Paper information, SVP Joseph R. Saab bought 1,705 shares of Worldwide Paper inventory in a transaction that occurred on Tuesday, March twenty first. The inventory was bought at a mean worth of $35.35, for a complete transaction of $60,271.75. Following the sale, the senior vp now immediately owns 1,671 shares of the corporate’s inventory, valued at roughly $59,069.85. The transaction was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, SVP Timothy S. Nicholls bought 5,000 shares of the corporate’s inventory in a transaction that occurred on Thursday, February sixteenth. The inventory was bought at a mean worth of $38.95, for a complete worth of $194,750.00. Following the transaction, the senior vp now owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The disclosure for this sale will be discovered right here. Insiders have bought a complete of 93,567 shares of firm inventory price $3,261,447 within the final 90 days. Firm insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Buying and selling Down 1.2 %
IP inventory traded down $0.41 throughout noon buying and selling on Friday, hitting $33.70. The corporate had a buying and selling quantity of 451,661 shares, in comparison with its common quantity of three,226,625. The corporate has a present ratio of 1.35, a fast ratio of 0.97 and a debt-to-equity ratio of 0.57. Worldwide Paper has a 52 week low of $30.69 and a 52 week excessive of $50.23. The inventory has a market cap of $11.80 billion, a price-to-earnings ratio of 8.38 and a beta of 1.07. The inventory’s 50 day transferring common worth is $37.37 and its 200 day transferring common worth is $36.00.
Worldwide Paper (NYSE:IP – Get Ranking) final introduced its quarterly earnings outcomes on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.18. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The enterprise had income of $5.13 billion in the course of the quarter, in comparison with analysts’ expectations of $5.20 billion. Throughout the identical quarter within the prior yr, the corporate posted $0.78 EPS. The agency’s income for the quarter was up .9% in comparison with the identical quarter final yr. As a gaggle, equities analysis analysts count on that Worldwide Paper will publish 2.86 earnings per share for the present fiscal yr.
Worldwide Paper Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Wednesday, March fifteenth. Traders of document on Friday, February seventeenth had been paid a $0.4625 dividend. The ex-dividend date of this dividend was Thursday, February sixteenth. This represents a $1.85 annualized dividend and a dividend yield of 5.49%. Worldwide Paper’s payout ratio is presently 45.45%.
About Worldwide Paper
(Get Ranking)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates via the next segments: Industrial Packaging, World Cellulose Fibers, and Printing Papers. The Industrial Packaging section is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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