Barclays PLC Acquires 214,781 Shares of Worldwide Paper (NYSE:IP)

Barclays PLC raised its holdings in Worldwide Paper (NYSE:IPGet Ranking) by 68.5% through the third quarter, based on the corporate in its most up-to-date Type 13F submitting with the SEC. The fund owned 528,407 shares of the fundamental supplies firm’s inventory after buying a further 214,781 shares through the quarter. Barclays PLC owned about 0.15% of Worldwide Paper price $16,751,000 as of its most up-to-date SEC submitting.

Different hedge funds and different institutional traders have additionally not too long ago purchased and bought shares of the corporate. Desjardins World Asset Administration Inc. boosted its place in shares of Worldwide Paper by 45.5% through the first quarter. Desjardins World Asset Administration Inc. now owns 675 shares of the fundamental supplies firm’s inventory price $31,000 after buying a further 211 shares within the final quarter. Larson Monetary Group LLC purchased a brand new place in shares of Worldwide Paper through the second quarter price $36,000. Eagle Bay Advisors LLC purchased a brand new place in shares of Worldwide Paper through the second quarter price $38,000. Capital Asset Advisory Companies LLC purchased a brand new place in shares of Worldwide Paper through the second quarter price $41,000. Lastly, Tobam purchased a brand new place in shares of Worldwide Paper through the third quarter price $36,000. 83.64% of the inventory is owned by institutional traders.

Analysts Set New Worth Targets

IP has been the subject of plenty of latest analyst studies. Royal Financial institution of Canada diminished their worth goal on shares of Worldwide Paper from $38.00 to $36.00 and set a “sector carry out” ranking on the inventory in a analysis report on Friday, October twenty eighth. BMO Capital Markets dropped their worth goal on shares of Worldwide Paper from $60.00 to $50.00 in a report on Friday, October twenty eighth. KeyCorp dropped their worth goal on shares of Worldwide Paper from $37.00 to $27.00 and set an “underweight” ranking on the inventory in a report on Friday, September thirtieth. Wells Fargo & Firm dropped their worth goal on shares of Worldwide Paper from $35.00 to $32.00 and set an “equal weight” ranking on the inventory in a report on Friday, October twenty eighth. Lastly, Financial institution of America dropped their worth goal on shares of Worldwide Paper from $46.00 to $37.00 in a report on Thursday, October thirteenth. Three equities analysis analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and one has given a purchase ranking to the inventory. Primarily based on knowledge from MarketBeat, Worldwide Paper has a median ranking of “Maintain” and a median worth goal of $34.67.

Worldwide Paper Inventory Down 1.9 %

Shares of IP inventory opened at $36.75 on Wednesday. The corporate has a present ratio of 1.38, a fast ratio of 0.97 and a debt-to-equity ratio of 0.50. Worldwide Paper has a 1 12 months low of $30.69 and a 1 12 months excessive of $50.23. The agency’s fifty day transferring common worth is $36.30 and its two-hundred day transferring common worth is $37.50. The agency has a market capitalization of $13.07 billion, a P/E ratio of seven.00 and a beta of 1.01.

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

Worldwide Paper Dividend Announcement

The corporate additionally not too long ago disclosed a quarterly dividend, which can be paid on Wednesday, March fifteenth. Stockholders of file on Friday, February seventeenth can be paid a dividend of $0.4625 per share. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a dividend yield of 5.03%. Worldwide Paper’s dividend payout ratio is presently 35.24%.

Insider Transactions at Worldwide Paper

In different information, SVP Thomas J. Plath bought 2,000 shares of the enterprise’s inventory in a transaction dated Wednesday, November thirtieth. The shares have been bought at a median worth of $36.00, for a complete transaction of $72,000.00. Following the transaction, the senior vp 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 & Trade Fee, which may be accessed by way of the SEC web site. In associated information, SVP Timothy S. Nicholls bought 7,500 shares of Worldwide Paper inventory in a transaction dated Monday, October thirty first. The shares have been bought at a median 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 of the corporate’s inventory, valued at roughly $3,429,853.02. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by way of this hyperlink. Additionally, SVP Thomas J. Plath bought 2,000 shares of Worldwide Paper inventory in a transaction dated Wednesday, November thirtieth. The inventory was bought at a median worth of $36.00, for a complete transaction of $72,000.00. Following the sale, the senior vp now immediately owns 49,953 shares of the corporate’s inventory, valued at roughly $1,798,308. The disclosure for this sale may be discovered right here. 0.42% of the inventory is owned by firm insiders.

About Worldwide Paper

(Get Ranking)

Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by way of the next segments: Industrial Packaging, World 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.

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

This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial staff previous to publication. Please ship any questions or feedback about this story to [email protected]

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