Butensky & Cohen Monetary Safety Inc. trimmed its place in Worldwide Paper (NYSE:IP – Get Score) by 4.2% in the course of the fourth quarter, in keeping with its most up-to-date 13F submitting with the SEC. The fund owned 89,417 shares of the essential supplies firm’s inventory after promoting 3,885 shares in the course of the interval. Butensky & Cohen Monetary Safety Inc.’s holdings in Worldwide Paper have been value $3,097,000 as of its most up-to-date submitting with the SEC.
Plenty of different hedge funds have additionally lately purchased and bought shares of IP. Greenhaven Associates Inc. boosted its place in Worldwide Paper by 22.1% within the 4th quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the essential supplies firm’s inventory valued at $210,614,000 after shopping for an extra 1,099,100 shares over the last quarter. Cowa LLC boosted its place in Worldwide Paper by 13,649.1% within the 1st quarter. Cowa LLC now owns 1,002,172 shares of the essential supplies firm’s inventory valued at $463,000 after shopping for an extra 994,883 shares over the last quarter. Prudential Monetary Inc. boosted its place in Worldwide Paper by 235.6% within the 2nd quarter. Prudential Monetary Inc. now owns 1,313,802 shares of the essential supplies firm’s inventory valued at $54,957,000 after shopping for an extra 922,302 shares over the last quarter. First Belief Advisors LP boosted its place in Worldwide Paper by 117.6% within the 1st quarter. First Belief Advisors LP now owns 1,591,552 shares of the essential supplies firm’s inventory valued at $73,450,000 after shopping for an extra 860,180 shares over the last quarter. Lastly, Goldman Sachs Group Inc. boosted its place in Worldwide Paper by 15.5% within the 1st quarter. Goldman Sachs Group Inc. now owns 4,160,141 shares of the essential supplies firm’s inventory valued at $191,991,000 after shopping for an extra 557,451 shares over the last quarter. 83.64% of the inventory is at the moment owned by institutional traders.
Worldwide Paper Buying and selling Down 3.1 %
Worldwide Paper inventory traded down $1.08 throughout mid-day buying and selling on Friday, hitting $33.59. 1,588,478 shares of the corporate’s inventory have been exchanged, in comparison with its common quantity of three,154,769. The agency has a market capitalization of $11.76 billion, a P/E ratio of 8.52 and a beta of 1.07. Worldwide Paper has a fifty-two week low of $30.69 and a fifty-two week excessive of $50.23. The corporate has a fast ratio of 0.97, a present ratio of 1.35 and a debt-to-equity ratio of 0.57. The corporate’s 50 day easy transferring common is $37.65 and its 200-day easy transferring common is $36.24.
Worldwide Paper (NYSE:IP – Get Score) final issued its quarterly earnings information on Tuesday, January thirty first. The essential supplies firm reported $0.87 EPS for the quarter, topping the consensus estimate of $0.69 by $0.18. The enterprise had income of $5.13 billion for the quarter, in comparison with the consensus estimate of $5.20 billion. Worldwide Paper had a return on fairness of 15.81% and a web margin of seven.11%. The agency’s income was up .9% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the enterprise posted $0.78 EPS. On common, equities analysts anticipate that Worldwide Paper will submit 2.86 earnings per share for the present 12 months.
Worldwide Paper Dividend Announcement
The corporate additionally lately declared a quarterly dividend, which was paid on Wednesday, March fifteenth. Shareholders of report on Friday, February seventeenth have been paid a $0.4625 dividend. This represents a $1.85 annualized dividend and a dividend yield of 5.51%. The ex-dividend date was Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio is 45.45%.
Wall Road Analyst Weigh In
Plenty of brokerages have commented on IP. Argus elevated their worth goal on Worldwide Paper from $43.00 to $50.00 and gave the corporate a “purchase” score in a analysis report on Thursday, February 2nd. UBS Group upgraded Worldwide Paper from a “promote” score to a “impartial” score and raised their worth goal for the inventory from $31.00 to $43.00 in a analysis report on Friday, February third. Royal Financial institution of Canada raised their worth goal 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. Truist Monetary raised their worth goal on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” score in a analysis report on Wednesday, February 1st. Lastly, Wells Fargo & Firm raised their worth goal on Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” score in a analysis report on Wednesday, February 1st. Three equities analysis analysts have rated the inventory with a promote score, 5 have issued a maintain score and two have given a purchase score to the corporate’s inventory. In line with MarketBeat.com, the corporate has a mean score of “Maintain” and a mean worth goal of $38.82.
Insider Shopping for and Promoting at Worldwide Paper
In different Worldwide Paper information, SVP Timothy S. Nicholls bought 5,000 shares of Worldwide Paper inventory in a transaction dated Thursday, February sixteenth. The inventory was bought at a mean worth of $38.95, for a complete worth of $194,750.00. Following the sale, the senior vice chairman now owns 129,261 shares of the corporate’s inventory, valued at roughly $5,034,715.95. The transaction was disclosed in a doc filed with the Securities & Trade Fee, which is accessible by the SEC web site. In associated information, SVP Aimee Ok. Gregg bought 1,862 shares of Worldwide Paper inventory in a transaction dated Wednesday, February twenty second. The inventory was bought at a mean worth of $36.05, for a complete worth of $67,125.10. Following the sale, the senior vice chairman now owns 4,260 shares of the corporate’s inventory, valued at $153,573. The transaction was disclosed in a doc filed with the SEC, which is offered by this hyperlink. Additionally, SVP Timothy S. Nicholls bought 5,000 shares of Worldwide Paper inventory in a transaction dated Thursday, February sixteenth. The shares have been bought at a mean worth of $38.95, for a complete worth of $194,750.00. Following the completion of the sale, the senior vice chairman now straight owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The disclosure for this sale might be discovered right here. Firm insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Profile
(Get Score)
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 phase is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
Learn Extra
Wish to see what different hedge funds are holding IP? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for Worldwide Paper (NYSE:IP – Get Score).
This prompt information alert was generated by narrative science expertise and monetary information from MarketBeat to be able 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]
Earlier than you think about Worldwide Paper, you may need to hear this.
MarketBeat retains monitor of Wall Road’s top-rated and finest performing analysis analysts and the shares they advocate to their purchasers every day. MarketBeat has recognized the 5 shares that high analysts are quietly whispering to their purchasers to purchase now earlier than the broader market catches on… and Worldwide Paper wasn’t on the listing.
Whereas Worldwide Paper at the moment has a “Maintain” score amongst analysts, top-rated analysts consider these 5 shares are higher buys.
View The 5 Shares Right here
Supply hyperlink
