Financial institution of New York Mellon Corp trimmed its holdings in shares of Worldwide Paper (NYSE:IP – Get Ranking) by 7.8% through the third quarter, based on the corporate in its most up-to-date Kind 13F submitting with the Securities & Trade Fee. The institutional investor owned 3,021,201 shares of the essential supplies firm’s inventory after promoting 256,342 shares through the interval. Financial institution of New York Mellon Corp owned about 0.85% of Worldwide Paper value $95,771,000 on the finish of the latest reporting interval.
A number of different institutional traders additionally not too long ago purchased and offered shares of the enterprise. State Road Corp grew its stake in Worldwide Paper by 0.9% through the first quarter. State Road Corp now owns 24,364,091 shares of the essential supplies firm’s inventory value $1,124,403,000 after shopping for a further 218,754 shares through the interval. Charles Schwab Funding Administration Inc. grew its stake in Worldwide Paper by 7.4% through the first quarter. Charles Schwab Funding Administration Inc. now owns 6,506,475 shares of the essential supplies firm’s inventory value $300,274,000 after shopping for a further 450,484 shares through the interval. Nordea Funding Administration AB grew its stake in Worldwide Paper by 0.5% through the third quarter. Nordea Funding Administration AB now owns 5,963,318 shares of the essential supplies firm’s inventory value $193,987,000 after shopping for a further 27,986 shares through the interval. Dimensional Fund Advisors LP grew its stake in Worldwide Paper by 1.3% through the third quarter. Dimensional Fund Advisors LP now owns 5,232,061 shares of the essential supplies firm’s inventory value $165,880,000 after shopping for a further 69,539 shares through the interval. Lastly, Northern Belief Corp grew its stake in Worldwide Paper by 7.6% through the second quarter. Northern Belief Corp now owns 4,642,484 shares of the essential supplies firm’s inventory value $194,196,000 after shopping for a further 328,208 shares through the interval. 83.64% of the inventory is at the moment owned by hedge funds and different institutional traders.
Wall Road Analysts Forecast Progress
A number of equities analysis analysts have issued stories on IP shares. UBS Group upgraded shares of Worldwide Paper from a “promote” ranking to a “impartial” ranking and boosted their worth goal for the inventory from $31.00 to $43.00 in a analysis observe on Friday, February third. Citigroup boosted their worth goal on shares of Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a analysis observe on Thursday, February 2nd. Wells Fargo & Firm upped their goal worth on shares of Worldwide Paper from $32.00 to $38.00 and gave the corporate an “equal weight” ranking in a analysis observe on Wednesday, February 1st. Royal Financial institution of Canada upped their goal worth on shares of Worldwide Paper from $36.00 to $40.00 and gave the corporate a “sector carry out” ranking in a analysis observe on Wednesday, February 1st. Lastly, Argus upped their goal worth on shares of Worldwide Paper from $43.00 to $50.00 and gave the corporate a “purchase” ranking in a analysis observe on Thursday, February 2nd. Three equities analysis analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and two have given a purchase ranking to the inventory. In keeping with information from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a median worth goal of $38.82.
Insider Exercise at Worldwide Paper
In different Worldwide Paper information, SVP Timothy S. Nicholls offered 5,000 shares of the inventory in a transaction on Thursday, February sixteenth. The shares have been offered at a median worth of $38.95, for a complete transaction of $194,750.00. Following the sale, the senior vp now instantly owns 129,261 shares of the corporate’s inventory, valued at $5,034,715.95. The sale was disclosed in a submitting with the Securities & Trade Fee, which might be accessed by the SEC web site. In different Worldwide Paper information, SVP Timothy S. Nicholls offered 5,000 shares of the inventory in a transaction on Thursday, February sixteenth. The shares have been offered at a median worth of $38.95, for a complete transaction of $194,750.00. Following the sale, the senior vp now instantly owns 129,261 shares of the corporate’s inventory, valued at $5,034,715.95. The sale was disclosed in a submitting with the Securities & Trade Fee, which might be accessed by the SEC web site. Additionally, SVP Aimee Ok. Gregg offered 1,862 shares of the inventory in a transaction on Wednesday, February twenty second. The inventory was offered at a median worth of $36.05, for a complete transaction of $67,125.10. Following the sale, the senior vp now instantly owns 4,260 shares within the firm, valued at $153,573. The disclosure for this sale might be discovered right here. Insiders have offered 91,862 shares of firm inventory valued at $3,201,175 during the last ninety days. Company insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Buying and selling Up 2.3 %
IP opened at $34.83 on Tuesday. The inventory has a market capitalization of $12.19 billion, a PE ratio of 8.56 and a beta of 1.07. The agency’s fifty day transferring common worth is $37.55 and its 200 day transferring common worth is $36.06. The corporate has a debt-to-equity ratio of 0.57, a present ratio of 1.35 and a fast ratio of 0.97. Worldwide Paper has a 12-month low of $30.69 and a 12-month excessive of $50.23.
Worldwide Paper (NYSE:IP – Get Ranking) final posted its quarterly 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 agency had income of $5.13 billion for the quarter, in comparison with analysts’ expectations of $5.20 billion. Worldwide Paper had a web margin of seven.11% and a return on fairness of 15.81%. The agency’s quarterly income was up .9% on a year-over-year foundation. Throughout the identical interval within the prior 12 months, the corporate posted $0.78 earnings per share. As a bunch, analysis analysts anticipate that Worldwide Paper will put up 2.86 EPS for the present fiscal 12 months.
Worldwide Paper Dividend Announcement
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Wednesday, March fifteenth. Buyers of document on Friday, February seventeenth have been issued a $0.4625 dividend. The ex-dividend date was Thursday, February sixteenth. This represents a $1.85 annualized dividend and a yield of 5.31%. Worldwide Paper’s dividend payout ratio is presently 45.45%.
Worldwide Paper Profile
(Get Ranking)
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 section is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
Beneficial Tales
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This on the spot information alert was generated by narrative science know-how and monetary information from MarketBeat with a purpose 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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