BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in shares of Worldwide Paper (NYSE:IP – Get Ranking) by 15.5% within the third quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Alternate Fee (SEC). The institutional investor owned 35,047 shares of the fundamental supplies firm’s inventory after promoting 6,426 shares in the course of the interval. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Worldwide Paper have been price $1,111,000 as of its most up-to-date SEC submitting.
Various different hedge funds have additionally modified their holdings of IP. State Avenue Corp boosted its place in Worldwide Paper by 0.9% in the course of the first quarter. State Avenue Corp now owns 24,364,091 shares of the fundamental supplies firm’s inventory price $1,124,403,000 after buying a further 218,754 shares over the past quarter. Charles Schwab Funding Administration Inc. lifted its holdings in shares of Worldwide Paper by 7.4% in the course of the 1st quarter. Charles Schwab Funding Administration Inc. now owns 6,506,475 shares of the fundamental supplies firm’s inventory valued at $300,274,000 after buying a further 450,484 shares within the final quarter. Nordea Funding Administration AB lifted its holdings in shares of Worldwide Paper by 0.5% in the course of the third quarter. Nordea Funding Administration AB now owns 5,963,318 shares of the fundamental supplies firm’s inventory valued at $193,987,000 after buying a further 27,986 shares within the final quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Worldwide Paper by 1.3% in the course of the third quarter. Dimensional Fund Advisors LP now owns 5,232,061 shares of the fundamental supplies firm’s inventory valued at $165,880,000 after buying a further 69,539 shares within the final quarter. Lastly, Pictet Asset Administration SA lifted its holdings in shares of Worldwide Paper by 35.7% in the course of the 2nd quarter. Pictet Asset Administration SA now owns 5,057,703 shares of the fundamental supplies firm’s inventory valued at $211,564,000 after buying a further 1,329,598 shares within the final quarter. 83.64% of the inventory is owned by hedge funds and different institutional traders.
Analyst Upgrades and Downgrades
IP has been the subject of a number of current analysis stories. Argus lifted their goal worth on shares of Worldwide Paper from $43.00 to $50.00 and gave the corporate a “purchase” ranking in a report on Thursday, February 2nd. BMO Capital Markets dropped their worth goal on shares of Worldwide Paper from $60.00 to $50.00 in a analysis notice on Friday, October twenty eighth. Royal Financial institution of Canada lifted their worth goal on shares of Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” ranking in a analysis notice on Wednesday, February 1st. Citigroup lifted their worth goal on shares of Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a analysis notice on Thursday, February 2nd. Lastly, Wells Fargo & Firm lifted their worth goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a analysis notice on Wednesday, February 1st. Three analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have issued a purchase ranking to the corporate. In keeping with knowledge from MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a mean worth goal of $38.82.
Worldwide Paper Buying and selling Down 1.0 %
Shares of NYSE:IP opened at $38.27 on Tuesday. The corporate has a 50 day shifting common of $37.35 and a 200-day shifting common of $37.06. The agency has a market cap of $13.61 billion, a P/E ratio of 9.40 and a beta of 1.05. Worldwide Paper has a twelve month low of $30.69 and a twelve month excessive of $50.23. 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 (NYSE:IP – Get Ranking) final issued its quarterly earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share 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 analyst estimates of $5.20 billion. Worldwide Paper had a web margin of seven.11% and a return on fairness of 15.81%. The enterprise’s income for the quarter was up .9% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the enterprise posted $0.78 EPS. As a gaggle, analysts anticipate that Worldwide Paper will submit 2.9 earnings per share for the present fiscal yr.
Worldwide Paper Publicizes Dividend
The agency additionally lately introduced a quarterly dividend, which can be paid on Wednesday, March fifteenth. Traders of report on Friday, February seventeenth can be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, February sixteenth. This represents a $1.85 dividend on an annualized foundation and a dividend yield of 4.83%. Worldwide Paper’s payout ratio is presently 45.45%.
Insider Shopping for and Promoting
In associated information, SVP Timothy S. Nicholls offered 5,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, February sixteenth. The shares have been offered at a mean worth of $38.95, for a complete worth of $194,750.00. Following the sale, the senior vice chairman now straight owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by way of the SEC web site. In associated information, SVP Timothy S. Nicholls offered 5,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, February sixteenth. The shares have been offered at a mean worth of $38.95, for a complete worth of $194,750.00. Following the sale, the senior vice chairman now straight owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The transaction was disclosed in a authorized submitting with the Securities & Alternate Fee, which might be accessed by way of the SEC web site. Additionally, SVP Thomas J. Plath offered 2,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The shares have been offered at a mean worth of $36.00, for a complete transaction of $72,000.00. Following the sale, the senior vice chairman now owns 49,953 shares within the firm, valued at roughly $1,798,308. The disclosure for this sale might be discovered right here. Insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Firm Profile
(Get Ranking)
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 embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
Advisable Tales
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