Sigma Planning Corp elevated its stake in shares of Worldwide Paper (NYSE:IP – Get Ranking) by 44.1% through the third quarter, based on the corporate in its most up-to-date disclosure with the Securities & Trade Fee. The agency owned 20,757 shares of the essential supplies firm’s inventory after buying an extra 6,356 shares through the interval. Sigma Planning Corp’s holdings in Worldwide Paper had been value $658,000 as of its most up-to-date SEC submitting.
Different hedge funds and different institutional buyers have additionally made adjustments to their positions within the firm. Martingale Asset Administration L P acquired a brand new stake in Worldwide Paper within the 2nd quarter valued at $1,936,000. IFM Buyers Pty Ltd elevated its stake in Worldwide Paper by 5.5% within the third quarter. IFM Buyers Pty Ltd now owns 63,370 shares of the essential supplies firm’s inventory valued at $2,009,000 after shopping for an extra 3,277 shares over the past quarter. Fifth Third Bancorp elevated its stake in Worldwide Paper by 16.1% within the 2nd quarter. Fifth Third Bancorp now owns 9,078 shares of the essential supplies firm’s inventory valued at $380,000 after shopping for an extra 1,256 shares over the past quarter. Kentucky Retirement Methods Insurance coverage Belief Fund elevated its stake in Worldwide Paper by 10.8% within the 2nd quarter. Kentucky Retirement Methods Insurance coverage Belief Fund now owns 12,663 shares of the essential supplies firm’s inventory valued at $530,000 after shopping for an extra 1,232 shares over the past quarter. Lastly, Greenleaf Belief elevated its stake in Worldwide Paper by 8.9% within the 2nd quarter. Greenleaf Belief now owns 11,199 shares of the essential supplies firm’s inventory valued at $468,000 after shopping for an extra 912 shares over the past quarter. 83.64% of the inventory is at the moment owned by institutional buyers and hedge funds.
Wall Avenue Analysts Forecast Development
IP has been the topic of numerous analyst reviews. Royal Financial institution of Canada lifted 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 report on Wednesday, February 1st. Wells Fargo & Firm lifted their value goal on shares of Worldwide Paper from $32.00 to $38.00 and gave the corporate an “equal weight” score in a analysis report on Wednesday, February 1st. Truist Monetary lifted their value goal 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. Argus lifted their value goal on shares of Worldwide Paper from $43.00 to $50.00 and gave the corporate a “purchase” score in a analysis report on Thursday, February 2nd. Lastly, UBS Group raised shares of Worldwide Paper from a “promote” score to a “impartial” score and lifted their value goal for the corporate from $31.00 to $43.00 in a analysis report on Friday, February third. Three equities analysis analysts have rated the inventory with a promote score, 5 have given a maintain score and two have given a purchase score to the corporate’s inventory. In keeping with MarketBeat, the corporate at the moment has a median score of “Maintain” and a consensus value goal of $38.82.
Insider Shopping for and Promoting at Worldwide Paper
In different Worldwide Paper information, SVP Timothy S. Nicholls bought 5,000 shares of the enterprise’s inventory in a transaction dated Thursday, February sixteenth. The shares had been bought at a median value of $38.95, for a complete worth of $194,750.00. Following the completion of the sale, the senior vice chairman now owns 129,261 shares of the corporate’s inventory, valued at roughly $5,034,715.95. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is accessible by the SEC web site. In different information, SVP Timothy S. Nicholls bought 5,000 shares of the enterprise’s inventory in a transaction that occurred on Thursday, February sixteenth. The shares had 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 instantly owns 129,261 shares within the firm, valued at roughly $5,034,715.95. The sale was disclosed in a submitting with the Securities & Trade Fee, which is obtainable by this hyperlink. Additionally, SVP Thomas J. Plath bought 2,000 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, November thirtieth. The shares had been bought at a median value of $36.00, for a complete transaction 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 $1,798,308. The disclosure for this sale could be discovered right here. Insiders personal 0.42% of the corporate’s inventory.
Worldwide Paper Inventory Efficiency
Shares of IP inventory opened at $38.27 on Monday. The corporate has a market capitalization of $13.61 billion, a price-to-earnings ratio of 9.40 and a beta of 1.05. The corporate has a debt-to-equity ratio of 0.57, a fast ratio of 0.97 and a present ratio of 1.35. The corporate has a 50-day easy shifting common of $37.32 and a 200 day easy shifting common of $37.08. Worldwide Paper has a 52 week low of $30.69 and a 52 week excessive of $50.23.
Worldwide Paper (NYSE:IP – Get Ranking) final introduced its earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 EPS for the quarter, topping the consensus estimate of $0.69 by $0.18. The enterprise had income of $5.13 billion through the quarter, in comparison with the consensus estimate of $5.20 billion. Worldwide Paper had a web margin of seven.11% and a return on fairness of 15.81%. Worldwide Paper’s income was up .9% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency posted $0.78 EPS. On common, sell-side analysts predict that Worldwide Paper will submit 2.9 earnings per share for the present yr.
Worldwide Paper Broadcasts Dividend
The agency additionally just lately disclosed a quarterly dividend, which might be paid on Wednesday, March fifteenth. Shareholders of file on Friday, February seventeenth might be issued a $0.4625 dividend. This represents a $1.85 dividend on an annualized foundation and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio is at the moment 45.45%.
About Worldwide Paper
(Get Ranking)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by the next segments: Industrial Packaging, International Cellulose Fibers, and Printing Papers. The Industrial Packaging phase is concerned in manufacturing containerboards, which embrace linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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