Retirement Methods of Alabama reduce its place in Worldwide Paper (NYSE:IP – Get Score) by 57.5% within the third quarter, in line with its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 120,243 shares of the fundamental supplies firm’s inventory after promoting 162,528 shares in the course of the quarter. Retirement Methods of Alabama’s holdings in Worldwide Paper have been price $3,812,000 as of its most up-to-date SEC submitting.
A variety of different institutional buyers and hedge funds additionally just lately made adjustments to their positions in IP. EverSource Wealth Advisors LLC lifted its stake in Worldwide Paper by 165.8% in the course of the third quarter. EverSource Wealth Advisors LLC now owns 776 shares of the fundamental supplies firm’s inventory price $25,000 after buying a further 484 shares over the last quarter. Desjardins International Asset Administration Inc. lifted its place in shares of Worldwide Paper by 45.5% in the course of the 1st quarter. Desjardins International Asset Administration Inc. now owns 675 shares of the fundamental supplies firm’s inventory price $31,000 after shopping for a further 211 shares over the last quarter. Tobam acquired a brand new stake in Worldwide Paper within the third quarter valued at about $36,000. Eagle Bay Advisors LLC acquired a brand new stake in Worldwide Paper within the second quarter valued at about $38,000. Lastly, Capital Asset Advisory Companies LLC purchased a brand new place in Worldwide Paper within the second quarter valued at about $41,000. Institutional buyers personal 83.64% of the corporate’s inventory.
Analyst Upgrades and Downgrades
IP has been the subject of various analysis analyst studies. Royal Financial institution of Canada raised their value goal on shares of Worldwide Paper from $36.00 to $40.00 and gave the corporate a “sector carry out” score in a analysis be aware on Wednesday, February 1st. Truist Monetary raised their goal value on shares of Worldwide Paper from $30.00 to $38.00 and gave the corporate a “maintain” score in a analysis report on Wednesday, February 1st. Wells Fargo & Firm upped their value goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” score in a report on Wednesday, February 1st. UBS Group raised Worldwide Paper from a “promote” score to a “impartial” score and raised their value goal for the corporate from $31.00 to $43.00 in a report on Friday, February third. Lastly, Citigroup boosted their value goal on Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” score in a analysis report on Thursday, February 2nd. 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. Primarily based on information from MarketBeat, the corporate has a median score of “Maintain” and a consensus goal value of $38.82.
Worldwide Paper Buying and selling Up 1.7 %
Shares of IP inventory opened at $35.44 on Wednesday. Worldwide Paper has a 1-year low of $30.69 and a 1-year 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. The inventory has a market cap of $12.41 billion, a price-to-earnings ratio of 8.71 and a beta of 1.07. The inventory has a 50-day transferring common of $37.72 and a 200-day transferring common of $36.27.
Worldwide Paper (NYSE:IP – Get Score) final introduced 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. Worldwide Paper had a return on fairness of 15.81% and a web margin of seven.11%. The enterprise had income of $5.13 billion for the quarter, in comparison with analysts’ expectations of $5.20 billion. Throughout the identical interval within the prior yr, the enterprise posted $0.78 earnings per share. The agency’s income was up .9% on a year-over-year foundation. On common, equities analysis analysts forecast that Worldwide Paper will publish 2.86 earnings per share for the present yr.
Worldwide Paper Broadcasts Dividend
The corporate additionally just lately introduced a quarterly dividend, which might be paid on Wednesday, March fifteenth. Traders of document on Friday, February seventeenth might be issued a $0.4625 dividend. The ex-dividend date of this dividend is Thursday, February sixteenth. This represents a $1.85 annualized dividend and a yield of 5.22%. Worldwide Paper’s payout ratio is 45.45%.
Insider Shopping for and Promoting at Worldwide Paper
In different Worldwide Paper information, SVP Aimee Okay. Gregg bought 1,862 shares of the inventory in a transaction dated Wednesday, February twenty second. The inventory was bought at a median value of $36.05, for a complete transaction of $67,125.10. Following the completion of the sale, the senior vice chairman now instantly owns 4,260 shares within the firm, valued at roughly $153,573. The sale was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. In associated information, SVP Timothy S. Nicholls bought 5,000 shares of the enterprise’s inventory in a transaction on Thursday, February sixteenth. The shares have been bought at a median value of $38.95, for a complete transaction of $194,750.00. Following the transaction, the senior vice chairman now owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The transaction was disclosed in a submitting with the Securities & Change Fee, which could be accessed by way of this hyperlink. Additionally, SVP Aimee Okay. Gregg bought 1,862 shares of the agency’s inventory in a transaction on Wednesday, February twenty second. The inventory was bought at a median value of $36.05, for a complete transaction of $67,125.10. Following the completion of the sale, the senior vice chairman now owns 4,260 shares of the corporate’s inventory, valued at $153,573. The disclosure for this sale could be discovered right here. Insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Profile
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by way of 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.
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