Worldwide Paper (NYSE:IP – Get Ranking) SVP Timothy S. Nicholls bought 5,000 shares of the corporate’s inventory in a transaction dated Thursday, February sixteenth. The inventory was bought at a mean value of $38.95, for a complete transaction of $194,750.00. Following the completion of the sale, the senior vice chairman now instantly owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The transaction was disclosed in a submitting with the SEC, which is accessible via this hyperlink.
Worldwide Paper Buying and selling Down 1.4 %
Shares of NYSE:IP traded down $0.55 throughout mid-day buying and selling on Friday, reaching $38.09. The inventory had a buying and selling quantity of 902,272 shares, in comparison with its common quantity of three,228,469. The agency has a market cap of $13.55 billion, a PE ratio of 9.49 and a beta of 1.05. The agency has a 50 day easy transferring common of $37.28 and a two-hundred day easy transferring common of $37.19. 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 has a twelve month low of $30.69 and a twelve month excessive of $50.23.
Worldwide Paper (NYSE:IP – Get Ranking) final introduced its quarterly earnings outcomes on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 internet margin of seven.11% and a return on fairness of 15.81%. Worldwide Paper’s income for the quarter was up .9% on a year-over-year foundation. Throughout the identical interval final 12 months, the corporate posted $0.78 EPS. On common, analysis analysts predict that Worldwide Paper will put up 2.83 EPS for the present fiscal 12 months.
Worldwide Paper Declares Dividend
The agency additionally not too long ago declared a quarterly dividend, which might be paid on Wednesday, March fifteenth. Stockholders of document on Friday, February seventeenth might be paid 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 4.86%. Worldwide Paper’s dividend payout ratio is at present 45.45%.
Hedge Funds Weigh In On Worldwide Paper
A number of hedge funds have not too long ago made adjustments to their positions within the enterprise. State Avenue Corp grew its stake in shares of Worldwide Paper by 0.9% throughout the 1st quarter. State Avenue Corp now owns 24,364,091 shares of the fundamental supplies firm’s inventory value $1,124,403,000 after buying a further 218,754 shares within the final quarter. Charles Schwab Funding Administration Inc. grew its stake in shares of Worldwide Paper by 8.8% throughout the 4th quarter. Charles Schwab Funding Administration Inc. now owns 7,909,773 shares of the fundamental supplies firm’s inventory value $273,915,000 after buying a further 642,960 shares within the final quarter. Greenhaven Associates Inc. grew its stake in shares of Worldwide Paper by 22.1% throughout the 4th quarter. Greenhaven Associates Inc. now owns 6,081,825 shares of the fundamental supplies firm’s inventory value $210,614,000 after buying a further 1,099,100 shares within the final quarter. Nordea Funding Administration AB grew its stake in shares of Worldwide Paper by 0.5% throughout the third quarter. Nordea Funding Administration AB now owns 5,963,318 shares of the fundamental supplies firm’s inventory value $193,987,000 after buying a further 27,986 shares within the final quarter. Lastly, Morgan Stanley grew its stake in shares of Worldwide Paper by 7.6% within the fourth quarter. Morgan Stanley now owns 5,839,269 shares of the fundamental supplies firm’s inventory valued at $202,214,000 after shopping for a further 413,320 shares within the final quarter. 83.64% of the inventory is owned by institutional traders.
Wall Avenue Analysts Forecast Progress
Various equities analysis analysts have commented on IP shares. Royal Financial institution of Canada elevated their value goal 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. Argus elevated their value goal on shares of Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a report on Thursday, February 2nd. BMO Capital Markets decreased their value goal on shares of Worldwide Paper from $60.00 to $50.00 in a report on Friday, October twenty eighth. Truist Monetary elevated their value goal 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. Lastly, Citigroup upped their goal value on shares of Worldwide Paper from $36.00 to $44.00 and gave the corporate a “impartial” ranking in a analysis report on Thursday, February 2nd. Three analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have given a purchase ranking to the corporate. In line with knowledge from MarketBeat, the inventory presently has a consensus ranking of “Maintain” and a consensus value goal of $38.82.
Worldwide Paper Firm Profile
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates via 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.
This immediate information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with the intention to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to [email protected].
Earlier than you think about Worldwide Paper, you will wish to hear this.
MarketBeat retains observe of Wall Avenue’s top-rated and greatest performing analysis analysts and the shares they suggest to their shoppers each day. MarketBeat has recognized the 5 shares that prime analysts are quietly whispering to their shoppers to purchase now earlier than the broader market catches on… and Worldwide Paper wasn’t on the listing.
Whereas Worldwide Paper at present has a “Maintain” ranking amongst analysts, top-rated analysts imagine these 5 shares are higher buys.
View The 5 Shares Right here