Weiss Asset Administration LP acquired a brand new place in Worldwide Paper (NYSE:IP – Get Ranking) within the third quarter, in line with the corporate in its most up-to-date submitting with the Securities & Trade Fee. The institutional investor acquired 106,075 shares of the essential supplies firm’s inventory, valued at roughly $3,363,000.
A number of different hedge funds have additionally modified their holdings of the corporate. State Road Corp raised its holdings in Worldwide Paper by 0.9% within the 1st quarter. State Road Corp now owns 24,364,091 shares of the essential supplies firm’s inventory price $1,124,403,000 after buying an extra 218,754 shares through the interval. Charles Schwab Funding Administration Inc. lifted its place in shares of Worldwide Paper by 7.4% through the 1st quarter. Charles Schwab Funding Administration Inc. now owns 6,506,475 shares of the essential supplies firm’s inventory valued at $300,274,000 after shopping for an extra 450,484 shares within the final quarter. Nordea Funding Administration AB grew its stake in Worldwide Paper by 0.5% within the third quarter. Nordea Funding Administration AB now owns 5,963,318 shares of the essential supplies firm’s inventory valued at $193,987,000 after buying an extra 27,986 shares through the interval. Dimensional Fund Advisors LP elevated its holdings in Worldwide Paper by 1.3% within the third quarter. Dimensional Fund Advisors LP now owns 5,232,061 shares of the essential supplies firm’s inventory price $165,880,000 after buying an extra 69,539 shares within the final quarter. Lastly, Northern Belief Corp raised its place in Worldwide Paper by 7.6% through the second quarter. Northern Belief Corp now owns 4,642,484 shares of the essential supplies firm’s inventory price $194,196,000 after buying an extra 328,208 shares through the interval. 83.64% of the inventory is owned by hedge funds and different institutional traders.
Insider Shopping for and Promoting
In different information, SVP Aimee Okay. Gregg offered 1,862 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, February twenty second. The shares have been offered at a mean worth of $36.05, for a complete worth of $67,125.10. Following the sale, the senior vice chairman now immediately owns 4,260 shares of the corporate’s inventory, valued at roughly $153,573. The transaction was disclosed in a authorized submitting with the Securities & Trade Fee, which is offered by means of this hyperlink. In different information, SVP Aimee Okay. Gregg offered 1,862 shares of the agency’s inventory in a transaction on Wednesday, February twenty second. The inventory was offered at a mean worth of $36.05, for a complete transaction of $67,125.10. Following the completion of the transaction, the senior vice chairman now immediately owns 4,260 shares within the firm, valued at $153,573. The transaction was disclosed in a doc filed with the SEC, which is offered at this hyperlink. Additionally, SVP Timothy S. Nicholls offered 5,000 shares of the enterprise’s inventory in a transaction on Thursday, February sixteenth. The shares have been offered at a mean worth 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 within the firm, valued at roughly $5,034,715.95. The disclosure for this sale will be discovered right here. Company insiders personal 0.42% of the corporate’s inventory.
Wall Road Analyst Weigh In
Plenty of analysis companies have lately commented on IP. Truist Monetary boosted their goal worth on shares of Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” score in a analysis notice on Wednesday, February 1st. UBS Group upgraded Worldwide Paper from a “promote” score to a “impartial” score and raised their goal worth for the corporate from $31.00 to $43.00 in a analysis report on Friday, February third. Citigroup boosted their worth 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. Royal Financial institution of Canada raised their worth goal on Worldwide Paper from $36.00 to $40.00 and gave the corporate a “sector carry out” score in a report on Wednesday, February 1st. Lastly, Wells Fargo & Firm upped their goal worth 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. Three funding analysts have rated the inventory with a promote score, 5 have assigned a maintain score and two have given a purchase score to the inventory. In accordance with MarketBeat.com, the inventory presently has a mean score of “Maintain” and a mean goal worth of $38.82.
Worldwide Paper Worth Efficiency
Shares of IP inventory opened at $34.06 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 corporate has a market capitalization of $11.92 billion, a PE ratio of 8.37 and a beta of 1.07. The agency’s 50-day transferring common is $37.60 and its two-hundred day transferring common is $36.15. Worldwide Paper has a 12 month low of $30.69 and a 12 month excessive of $50.23.
Worldwide Paper (NYSE:IP – Get Ranking) final launched its quarterly earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 EPS for the quarter, beating the consensus estimate of $0.69 by $0.18. The agency had income of $5.13 billion for the quarter, in comparison with analyst estimates of $5.20 billion. Worldwide Paper had a internet margin of seven.11% and a return on fairness of 15.81%. The enterprise’s income for the quarter was up .9% in comparison with the identical quarter final 12 months. Throughout the identical quarter within the earlier 12 months, the corporate earned $0.78 EPS. Analysts predict that Worldwide Paper will publish 2.86 earnings per share for the present 12 months.
Worldwide Paper Dividend Announcement
The agency additionally lately declared a quarterly dividend, which was paid on Wednesday, March fifteenth. Stockholders of document on Friday, February seventeenth have been issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized foundation and a dividend yield of 5.43%. The ex-dividend date was Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio is presently 45.45%.
About Worldwide Paper
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.
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