Kovitz Funding Group Companions LLC lowered its holdings in Worldwide Paper (NYSE:IP – Get Ranking) by 5.9% within the fourth quarter, in line with the corporate in its most up-to-date Type 13F submitting with the Securities & Trade Fee. The agency owned 96,269 shares of the essential supplies firm’s inventory after promoting 6,038 shares through the interval. Kovitz Funding Group Companions LLC’s holdings in Worldwide Paper had been price $3,334,000 as of its most up-to-date SEC submitting.
Plenty of different hedge funds and different institutional traders have additionally made modifications to their positions within the enterprise. Dwelling Federal Financial institution of Tennessee grew its place in shares of Worldwide Paper by 2.8% within the fourth quarter. Dwelling Federal Financial institution of Tennessee now owns 29,008 shares of the essential supplies firm’s inventory valued at $1,005,000 after buying an extra 780 shares through the interval. Wesbanco Financial institution Inc. grew its place in Worldwide Paper by 56.9% through the fourth quarter. Wesbanco Financial institution Inc. now owns 25,281 shares of the essential supplies firm’s inventory valued at $875,000 after buying an extra 9,168 shares through the interval. Argus Buyers Counsel Inc. grew its place in Worldwide Paper by 27.2% through the fourth quarter. Argus Buyers Counsel Inc. now owns 33,165 shares of the essential supplies firm’s inventory valued at $1,149,000 after buying an extra 7,100 shares through the interval. Maryland State Retirement & Pension System bought a brand new stake in Worldwide Paper through the fourth quarter valued at about $987,000. Lastly, Key Consumer Fiduciary Advisors LLC bought a brand new stake in Worldwide Paper through the fourth quarter valued at about $363,000. Hedge funds and different institutional traders personal 83.64% of the corporate’s inventory.
Worldwide Paper Inventory Up 0.1 %
NYSE:IP opened at $34.50 on Tuesday. The agency has a market capitalization of $12.08 billion, a PE ratio of 8.48 and a beta of 1.07. The inventory has a 50 day shifting common of $37.22 and a 200-day shifting common of $35.84. Worldwide Paper has a 52 week low of $30.69 and a 52 week 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 posted its earnings outcomes on Tuesday, January thirty first. The fundamental supplies firm reported $0.87 EPS for the quarter, beating the consensus estimate of $0.69 by $0.18. The corporate had income of $5.13 billion through the quarter, in comparison with analyst estimates of $5.20 billion. Worldwide Paper had a return on fairness of 15.81% and a web margin of seven.11%. The enterprise’s income was up .9% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the corporate earned $0.78 earnings per share. Analysts predict that Worldwide Paper will publish 2.86 EPS for the present yr.
Worldwide Paper Dividend Announcement
The agency additionally not too long ago disclosed a quarterly dividend, which was paid on Wednesday, March fifteenth. Buyers of file on Friday, February seventeenth had been issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized foundation and a yield of 5.36%. The ex-dividend date was Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio (DPR) is 45.45%.
Analyst Rankings Adjustments
Plenty of equities analysis analysts have issued stories on the corporate. UBS Group raised Worldwide Paper from a “promote” ranking to a “impartial” ranking and boosted their worth goal for the corporate from $31.00 to $43.00 in a analysis report on Friday, February third. Citigroup upped their goal worth on Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a analysis report on Thursday, February 2nd. StockNews.com started protection on Worldwide Paper in a analysis report on Thursday, March sixteenth. They issued a “purchase” ranking for the corporate. Truist Monetary upped their goal worth on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a analysis report on Wednesday, February 1st. Lastly, Argus upped their goal worth on Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a analysis report 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 issued a purchase ranking to the corporate. Based on information from MarketBeat, the corporate presently has a consensus ranking of “Maintain” and a median goal worth of $38.82.
Insider Shopping for and Promoting
In associated information, CEO Mark S. Sutton bought 85,000 shares of the inventory in a transaction that occurred on Thursday, March sixteenth. The inventory was bought at a median worth of $34.58, for a complete worth of $2,939,300.00. Following the completion of the transaction, the chief government officer now instantly owns 143,000 shares of the corporate’s inventory, valued at roughly $4,944,940. The sale was disclosed in a submitting with the Securities & Trade Fee, which is accessible by means of this hyperlink. In associated information, CEO Mark S. Sutton bought 85,000 shares of the inventory in a transaction that occurred on Thursday, March sixteenth. The inventory was bought at a median worth of $34.58, for a complete worth of $2,939,300.00. Following the completion of the transaction, the chief government officer now instantly owns 143,000 shares of the corporate’s inventory, valued at roughly $4,944,940. The sale was disclosed in a submitting with the Securities & Trade Fee, which is accessible by means of this hyperlink. Additionally, SVP Joseph R. Saab bought 1,705 shares of the inventory in a transaction that occurred on Tuesday, March twenty first. The inventory was bought at a median worth of $35.35, for a complete worth of $60,271.75. Following the completion of the transaction, the senior vp now instantly owns 1,671 shares of the corporate’s inventory, valued at $59,069.85. The disclosure for this sale could be discovered right here. Insiders bought 93,567 shares of firm inventory valued at $3,261,447 within the final three months. 0.42% of the inventory is at the moment owned by company insiders.
Worldwide Paper Profile
(Get Ranking)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by means of the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging section is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
See Additionally
Need to see what different hedge funds are holding IP? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Worldwide Paper (NYSE:IP – Get Ranking).
This on the spot information alert was generated by narrative science know-how 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].
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