Worldwide Paper (NYSE:IP – Get Ranking) SVP Timothy S. Nicholls offered 5,000 shares of the inventory in a transaction dated Thursday, February sixteenth. The inventory was offered at a mean worth of $38.95, for a complete transaction of $194,750.00. Following the transaction, the senior vp now immediately 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 obtainable via this hyperlink.
Worldwide Paper Inventory Efficiency
Shares of IP inventory opened at $38.27 on Friday. The corporate has a debt-to-equity ratio of 0.57, a present ratio of 1.35 and a fast ratio of 0.97. The agency has a 50-day transferring common of $37.32 and a 200-day transferring common of $37.12. Worldwide Paper has a one 12 months low of $30.69 and a one 12 months excessive of $50.23. The corporate has a market cap of $13.61 billion, a P/E ratio of 9.40 and a beta of 1.05.
Worldwide Paper (NYSE:IP – Get Ranking) final issued its quarterly earnings knowledge on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The enterprise had income of $5.13 billion throughout the quarter, in comparison with the consensus estimate of $5.20 billion. Throughout the identical interval within the prior 12 months, the agency posted $0.78 EPS. The agency’s quarterly income was up .9% in comparison with the identical quarter final 12 months. Equities analysis analysts forecast that Worldwide Paper will publish 2.83 EPS for the present fiscal 12 months.
Worldwide Paper Publicizes Dividend
The agency additionally lately disclosed a quarterly dividend, which will probably be paid on Wednesday, March fifteenth. Shareholders of document on Friday, February seventeenth will probably be given 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 4.83%. Worldwide Paper’s dividend payout ratio is presently 45.45%.
Institutional Buyers Weigh In On Worldwide Paper
Giant buyers have lately made adjustments to their positions within the enterprise. Norges Financial institution purchased a brand new place in Worldwide Paper throughout the fourth quarter valued at about $83,530,000. Pictet Asset Administration SA grew its place in shares of Worldwide Paper by 35.7% throughout the 2nd quarter. Pictet Asset Administration SA now owns 5,057,703 shares of the fundamental supplies firm’s inventory valued at $211,564,000 after buying a further 1,329,598 shares throughout the interval. Greenhaven Associates Inc. grew its place 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 valued at $210,614,000 after buying a further 1,099,100 shares throughout the interval. Cowa LLC elevated its stake in shares of Worldwide Paper by 13,649.1% throughout the 1st quarter. Cowa LLC now owns 1,002,172 shares of the fundamental supplies firm’s inventory price $463,000 after buying a further 994,883 shares over the past quarter. Lastly, Marshall Wace LLP raised its holdings in shares of Worldwide Paper by 565.0% within the 4th quarter. Marshall Wace LLP now owns 1,155,679 shares of the fundamental supplies firm’s inventory price $40,021,000 after buying a further 981,905 shares throughout the interval. 83.64% of the inventory is owned by hedge funds and different institutional buyers.
Analyst Upgrades and Downgrades
IP has been the subject of a number of latest analysis stories. Truist Monetary elevated their worth goal on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” score in a report on Wednesday, February 1st. Royal Financial institution of Canada elevated their goal worth on Worldwide Paper from $36.00 to $40.00 and gave the inventory a “sector carry out” score in a report on Wednesday, February 1st. BMO Capital Markets lowered their worth goal on shares of Worldwide Paper from $60.00 to $50.00 in a analysis report on Friday, October twenty eighth. Wells Fargo & Firm upped their worth 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. Lastly, Argus lifted their worth goal on shares of Worldwide Paper from $43.00 to $50.00 and gave the corporate a “purchase” score in a report on Thursday, February 2nd. Three funding analysts have rated the inventory with a promote score, 5 have assigned a maintain score and two have assigned a purchase score to the corporate. In keeping with MarketBeat, the inventory presently has a mean score of “Maintain” and a consensus worth goal of $38.82.
Worldwide Paper Firm Profile
(Get Ranking)
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 section is concerned in manufacturing containerboards, which embody linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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