Financial institution of Montreal Can decreased its stake in shares of Worldwide Paper (NYSE:IP – Get Score) by 18.2% through the third quarter, in line with its most up-to-date Type 13F submitting with the Securities and Change Fee (SEC). The fund owned 286,936 shares of the fundamental supplies firm’s inventory after promoting 63,779 shares through the quarter. Financial institution of Montreal Can owned about 0.08% of Worldwide Paper value $11,988,000 on the finish of the newest quarter.
Different hedge funds have additionally modified their holdings of the corporate. EverSource Wealth Advisors LLC boosted its stake in Worldwide Paper by 165.8% within the third quarter. EverSource Wealth Advisors LLC now owns 776 shares of the fundamental supplies firm’s inventory valued at $25,000 after buying an extra 484 shares over the past quarter. Desjardins World Asset Administration Inc. boosted its stake in Worldwide Paper by 45.5% within the first quarter. Desjardins World Asset Administration Inc. now owns 675 shares of the fundamental supplies firm’s inventory valued at $31,000 after buying an extra 211 shares over the past quarter. Larson Monetary Group LLC purchased a brand new place in Worldwide Paper within the second quarter valued at roughly $36,000. Tobam purchased a brand new place in Worldwide Paper within the third quarter valued at roughly $36,000. Lastly, Eagle Bay Advisors LLC purchased a brand new place in Worldwide Paper within the second quarter valued at roughly $38,000. 83.64% of the inventory is owned by institutional traders.
Wall Avenue Analysts Forecast Progress
Plenty of equities analysts have issued stories on the inventory. BMO Capital Markets decreased their value 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 elevated their goal value on shares of Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” ranking in a report on Wednesday, February 1st. Citigroup elevated their goal value on shares of Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a report on Thursday, February 2nd. UBS Group upgraded shares of Worldwide Paper from a “promote” ranking to a “impartial” ranking and elevated their goal value for the inventory from $31.00 to $43.00 in a report on Friday, February third. Lastly, Truist Monetary elevated their goal value on shares of 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 given a purchase ranking to the corporate’s inventory. Based mostly on information from MarketBeat.com, the inventory has a median ranking of “Maintain” and a consensus value goal of $38.82.
Worldwide Paper Buying and selling Down 1.0 %
Shares of NYSE:IP opened at $38.27 on Friday. Worldwide Paper has a 12 month low of $30.69 and a 12 month 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 fifty day easy shifting common is $37.32 and its 200 day easy shifting common is $37.12. The agency has a market cap of $13.61 billion, a price-to-earnings ratio of 9.40 and a beta of 1.05.
Worldwide Paper (NYSE:IP – Get Score) final issued its quarterly earnings information on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a web margin of seven.11% and a return on fairness of 15.81%. The enterprise had income of $5.13 billion for the quarter, in comparison with analyst estimates of $5.20 billion. Throughout the identical interval final 12 months, the enterprise posted $0.78 earnings per share. The agency’s quarterly income was up .9% on a year-over-year foundation. As a gaggle, analysis analysts forecast that Worldwide Paper will submit 2.83 EPS for the present fiscal 12 months.
Worldwide Paper Dividend Announcement
The agency additionally just lately declared a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Shareholders of file on Friday, February seventeenth will probably be paid a $0.4625 dividend. The ex-dividend date is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a yield of 4.83%. Worldwide Paper’s payout ratio is presently 45.45%.
Insider Shopping for and Promoting at Worldwide Paper
In different information, SVP Thomas J. Plath bought 2,000 shares of Worldwide Paper inventory in a transaction dated Wednesday, November thirtieth. The shares have been bought at a median value of $36.00, for a complete worth of $72,000.00. Following the completion of the transaction, the senior vice chairman now owns 49,953 shares of the corporate’s inventory, valued at roughly $1,798,308. The sale was disclosed in a authorized submitting with the SEC, which is accessible by this hyperlink. In different information, 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 median value of $38.95, for a complete worth of $194,750.00. Following the completion of the transaction, the senior vice chairman now owns 129,261 shares of the corporate’s inventory, valued at roughly $5,034,715.95. The sale was disclosed in a authorized submitting with the SEC, which is accessible by 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 value of $36.00, for a complete transaction of $72,000.00. Following the sale, the senior vice chairman now straight owns 49,953 shares of the corporate’s inventory, valued at roughly $1,798,308. The disclosure for this sale might be discovered right here. Firm insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Firm Profile
(Get Score)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by the next segments: Industrial Packaging, World 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.
Additional Studying
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