Blair William & Co. IL trimmed its place in shares of Worldwide Paper (NYSE:IP – Get Score) by 59.8% throughout the third quarter, in accordance with its most up-to-date disclosure with the Securities and Trade Fee. The institutional investor owned 69,462 shares of the essential supplies firm’s inventory after promoting 103,302 shares throughout the quarter. Blair William & Co. IL’s holdings in Worldwide Paper have been price $2,202,000 as of its most up-to-date SEC submitting.
Various different hedge funds have additionally not too long ago made adjustments to their positions in IP. Commonwealth of Pennsylvania Public College Empls Retrmt SYS lifted its stake in shares of Worldwide Paper by 6.6% within the first quarter. Commonwealth of Pennsylvania Public College Empls Retrmt SYS now owns 51,817 shares of the essential supplies firm’s inventory price $2,391,000 after buying an extra 3,209 shares throughout the interval. Raymond James Belief N.A. lifted its stake in shares of Worldwide Paper by 4.5% within the first quarter. Raymond James Belief N.A. now owns 8,660 shares of the essential supplies firm’s inventory price $399,000 after buying an extra 369 shares throughout the interval. Desjardins International Asset Administration Inc. lifted its stake in shares of Worldwide Paper by 45.5% within the first quarter. Desjardins International Asset Administration Inc. now owns 675 shares of the essential supplies firm’s inventory price $31,000 after buying an extra 211 shares throughout the interval. Cibc World Market Inc. acquired a brand new place in shares of Worldwide Paper within the first quarter price roughly $206,000. Lastly, Vontobel Holding Ltd. elevated its holdings in Worldwide Paper by 1.6% within the first quarter. Vontobel Holding Ltd. now owns 41,970 shares of the essential supplies firm’s inventory price $1,947,000 after buying an extra 676 shares within the final quarter. 83.64% of the inventory is owned by institutional traders and hedge funds.
Worldwide Paper Buying and selling Up 1.4 %
NYSE IP opened at $39.19 on Tuesday. The corporate has a market cap of $13.94 billion, a price-to-earnings ratio of 9.63 and a beta of 1.05. Worldwide Paper has a 52 week low of $30.69 and a 52 week excessive of $50.23. The enterprise has a 50 day transferring common value of $37.11 and a 200-day transferring common value of $37.19. The corporate has a fast ratio of 0.97, a present ratio of 1.35 and a debt-to-equity ratio of 0.57.
Worldwide Paper (NYSE:IP – Get Score) final introduced its earnings outcomes on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.18. The corporate had income of $5.13 billion for the quarter, in comparison with analysts’ expectations of $5.20 billion. Worldwide Paper had a return on fairness of 15.81% and a web margin of seven.11%. Worldwide Paper’s quarterly income was up .9% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the agency earned $0.78 earnings per share. As a gaggle, equities analysts anticipate that Worldwide Paper will put up 2.83 earnings per share for the present fiscal 12 months.
Worldwide Paper Declares Dividend
The enterprise additionally not too long ago introduced a quarterly dividend, which shall be paid on Wednesday, March fifteenth. Buyers of report on Friday, February seventeenth shall be given a dividend of $0.4625 per share. The ex-dividend date of this dividend is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a dividend yield of 4.72%. Worldwide Paper’s payout ratio is 45.45%.
Insider Exercise at Worldwide Paper
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 inventory was offered at a median value of $36.00, for a complete transaction of $72,000.00. Following the transaction, the senior vice chairman now owns 49,953 shares of the corporate’s inventory, valued at $1,798,308. The sale was disclosed in a authorized submitting with the SEC, which will be accessed by means of this hyperlink. 0.42% of the inventory is owned by insiders.
Wall Avenue Analyst Weigh In
Various brokerages have weighed in on IP. Wells Fargo & Firm lifted their goal value on Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a report on Wednesday, February 1st. Deutsche Financial institution Aktiengesellschaft downgraded Worldwide Paper from a “maintain” ranking to a “promote” ranking and lowered their goal value for the inventory from $44.00 to $29.00 in a report on Tuesday, October 18th. BMO Capital Markets lowered their goal value on Worldwide Paper from $60.00 to $50.00 in a report on Friday, October twenty eighth. Royal Financial institution of Canada lifted their goal value on Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” ranking in a report on Wednesday, February 1st. Lastly, Truist Monetary lifted their goal value on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a report on Wednesday, February 1st. Three equities analysis analysts have rated the inventory with a promote ranking, 5 have issued a maintain ranking and two have issued a purchase ranking to the corporate’s inventory. In line with knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a median goal value of $38.82.
About Worldwide Paper
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by means 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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