Avantax Advisory Companies Inc. Cuts Inventory Holdings in Worldwide Paper (NYSE:IP)


Avantax Advisory Companies Inc. reduce its stake in shares of Worldwide Paper (NYSE:IPGet Ranking) by 4.8% within the third quarter, in keeping with its most up-to-date submitting with the Securities & Change Fee. The agency owned 7,889 shares of the fundamental supplies firm’s inventory after promoting 401 shares through the interval. Avantax Advisory Companies Inc.’s holdings in Worldwide Paper had been price $250,000 as of its most up-to-date SEC submitting.

A variety of different institutional traders and hedge funds have additionally made adjustments to their positions within the firm. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS elevated its place in shares of Worldwide Paper by 6.6% within the first quarter. Commonwealth of Pennsylvania Public Faculty Empls Retrmt SYS now owns 51,817 shares of the fundamental supplies firm’s inventory price $2,391,000 after buying an extra 3,209 shares within the final quarter. Raymond James Belief N.A. raised its place in Worldwide Paper by 4.5% within the first quarter. Raymond James Belief N.A. now owns 8,660 shares of the fundamental supplies firm’s inventory valued at $399,000 after buying an extra 369 shares through the interval. Desjardins International Asset Administration Inc. lifted its stake in shares of Worldwide Paper by 45.5% through the first quarter. Desjardins International 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. Cibc World Market Inc. bought a brand new stake in shares of Worldwide Paper within the first quarter price about $206,000. Lastly, Vontobel Holding Ltd. grew its stake in shares of Worldwide Paper by 1.6% within the first quarter. Vontobel Holding Ltd. now owns 41,970 shares of the fundamental supplies firm’s inventory valued at $1,947,000 after shopping for an extra 676 shares within the final quarter. 83.64% of the inventory is presently owned by institutional traders and hedge funds.

Analysts Set New Value Targets

A variety of analysis corporations have weighed in on IP. StockNews.com initiated protection on Worldwide Paper in a report on Wednesday, October twelfth. They issued a “purchase” score for the corporate. BMO Capital Markets dropped their worth goal on shares of Worldwide Paper from $60.00 to $50.00 in a analysis word on Friday, October twenty eighth. Wells Fargo & Firm decreased their worth goal on shares of Worldwide Paper from $35.00 to $32.00 and set an “equal weight” score for the corporate in a analysis report on Friday, October twenty eighth. KeyCorp dropped their goal worth on Worldwide Paper from $37.00 to $27.00 and set an “underweight” score on the inventory in a analysis report on Friday, September thirtieth. Lastly, Deutsche Financial institution Aktiengesellschaft downgraded Worldwide Paper from a “maintain” score to a “promote” score and diminished their worth goal for the corporate from $44.00 to $29.00 in a report on Tuesday, October 18th. Three analysts have rated the inventory with a promote score, 5 have assigned a maintain score and one has given a purchase score to the inventory. Primarily based on knowledge from MarketBeat.com, the inventory presently has a consensus score of “Maintain” and a consensus goal worth of $34.67.

Worldwide Paper Buying and selling Up 2.5 %

NYSE:IP opened at $37.23 on Friday. Worldwide Paper has a 52 week low of $30.69 and a 52 week excessive of $50.23. The corporate has a fast ratio of 0.97, a present ratio of 1.38 and a debt-to-equity ratio of 0.50. The corporate has a market cap of $13.24 billion, a PE ratio of seven.09 and a beta of 1.01. The enterprise’s 50 day transferring common is $36.34 and its two-hundred day transferring common is $37.49.

Worldwide Paper (NYSE:IPGet Ranking) final launched its quarterly earnings knowledge on Thursday, October twenty seventh. The fundamental supplies firm reported $1.01 EPS for the quarter, lacking analysts’ consensus estimates of $1.22 by ($0.21). Worldwide Paper had a return on fairness of 15.47% and a internet margin of 9.14%. The enterprise had income of $5.40 billion through the quarter, in comparison with analyst estimates of $5.32 billion. On common, analysts predict that Worldwide Paper will put up 3.69 EPS for the present 12 months.

Worldwide Paper Dividend Announcement

The agency additionally not too long ago disclosed a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Buyers of report on Friday, February seventeenth will probably be given a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized foundation and a dividend yield of 4.97%. The ex-dividend date of this dividend is Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio is presently 35.24%.

Insider Shopping for and Promoting

In different information, SVP Timothy S. Nicholls offered 7,500 shares of the corporate’s inventory in a transaction that occurred on Monday, October thirty first. The inventory was offered at a mean worth of $33.66, for a complete transaction of $252,450.00. Following the completion of the transaction, the senior vp now immediately owns 101,897 shares of the corporate’s inventory, valued at $3,429,853.02. The transaction was disclosed in a submitting with the Securities & Change Fee, which might be accessed by the SEC web site. In different information, SVP Thomas J. Plath offered 2,000 shares of the corporate’s inventory in a transaction dated Wednesday, November thirtieth. The shares had been offered at a mean worth of $36.00, for a complete transaction of $72,000.00. Following the completion of the transaction, the senior vp now owns 49,953 shares within the firm, valued at $1,798,308. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which might be accessed by this hyperlink. Additionally, SVP Timothy S. Nicholls offered 7,500 shares of Worldwide Paper inventory in a transaction dated Monday, October thirty first. The shares had been offered at a mean worth of $33.66, for a complete transaction of $252,450.00. Following the completion of the sale, the senior vp now owns 101,897 shares within the firm, valued at $3,429,853.02. The disclosure for this sale might be discovered right here. 0.42% of the inventory is owned by firm insiders.

Worldwide Paper Firm Profile

(Get Ranking)

Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging section is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Really useful Tales

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Institutional Ownership by Quarter for International Paper (NYSE:IP)



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