Robeco Institutional Asset Administration B.V. decreased its place in Worldwide Paper (NYSE:IP – Get Ranking) by 20.0% within the third quarter, in accordance with the corporate in its most up-to-date submitting with the Securities and Change Fee. The institutional investor owned 242,499 shares of the essential supplies firm’s inventory after promoting 60,778 shares throughout the quarter. Robeco Institutional Asset Administration B.V. owned 0.07% of Worldwide Paper value $7,685,000 as of its most up-to-date SEC submitting.
A number of different hedge funds additionally just lately made adjustments to their positions in IP. EverSource Wealth Advisors LLC grew its place in shares of Worldwide Paper by 165.8% within the third quarter. EverSource Wealth Advisors LLC now owns 776 shares of the essential supplies firm’s inventory value $25,000 after buying a further 484 shares within the final quarter. Desjardins World Asset Administration Inc. grew its place in shares of Worldwide Paper by 45.5% within the 1st quarter. Desjardins World Asset Administration Inc. now owns 675 shares of the essential supplies firm’s inventory value $31,000 after buying a further 211 shares within the final quarter. Tobam acquired a brand new place in Worldwide Paper throughout the third quarter valued at roughly $36,000. Eagle Bay Advisors LLC acquired a brand new place in Worldwide Paper throughout the 2nd quarter valued at roughly $38,000. Lastly, Norwood Monetary Corp boosted its place in Worldwide Paper by 29.1% throughout the third quarter. Norwood Monetary Corp now owns 1,420 shares of the essential supplies firm’s inventory valued at $45,000 after buying a further 320 shares throughout the interval. Institutional traders and hedge funds personal 83.64% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Various analysis analysts just lately issued studies on IP shares. Truist Monetary boosted their value goal on Worldwide Paper from $30.00 to $38.00 and gave the corporate a “maintain” ranking in a analysis report on Wednesday, February 1st. StockNews.com began protection on Worldwide Paper in a analysis report on Thursday. They set a “purchase” ranking for the corporate. Royal Financial institution of Canada boosted their value goal on Worldwide Paper from $36.00 to $40.00 and gave the corporate a “sector carry out” ranking in a analysis report on Wednesday, February 1st. Wells Fargo & Firm boosted their value goal on Worldwide Paper from $32.00 to $38.00 and gave the corporate an “equal weight” ranking in a analysis report on Wednesday, February 1st. Lastly, Citigroup boosted their value goal on Worldwide Paper from $36.00 to $44.00 and gave the inventory a “impartial” ranking in a analysis report on Thursday, February 2nd. Three funding analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and two have assigned a purchase ranking to the corporate. In accordance with MarketBeat, Worldwide Paper has a mean ranking of “Maintain” and a mean goal value of $38.82.
Insider Shopping for and Promoting at Worldwide Paper
In different Worldwide Paper information, SVP Aimee Okay. Gregg bought 1,862 shares of the enterprise’s inventory in a transaction dated Wednesday, February twenty second. The inventory was bought at a mean value of $36.05, for a complete worth of $67,125.10. Following the transaction, the senior vp now owns 4,260 shares within the firm, valued at $153,573. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible via the SEC web site. In different Worldwide Paper information, SVP Aimee Okay. Gregg bought 1,862 shares of the enterprise’s inventory in a transaction dated Wednesday, February twenty second. The inventory was bought at a mean value of $36.05, for a complete worth of $67,125.10. Following the transaction, the senior vp now owns 4,260 shares within the firm, valued at $153,573. The sale was disclosed in a submitting with the Securities & Change Fee, which is accessible via the SEC web site. Additionally, SVP Timothy S. Nicholls bought 5,000 shares of the enterprise’s inventory in a transaction dated Thursday, February sixteenth. The shares have been bought at a mean value of $38.95, for a complete worth of $194,750.00. Following the completion of the transaction, the senior vp 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.
Worldwide Paper Inventory Efficiency
Shares of IP inventory opened at $34.06 on Monday. 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 corporate has a market capitalization of $11.92 billion, a price-to-earnings ratio of 8.37 and a beta of 1.07. The inventory’s fifty day easy transferring common is $37.60 and its 200-day easy transferring common is $36.11.
Worldwide Paper (NYSE:IP – Get Ranking) final issued its quarterly earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.18. Worldwide Paper had a return on fairness of 15.81% and a internet margin of seven.11%. The enterprise had income of $5.13 billion for the quarter, in comparison with the consensus estimate of $5.20 billion. Throughout the identical quarter within the earlier 12 months, the corporate posted $0.78 earnings per share. Worldwide Paper’s income for the quarter was up .9% in comparison with the identical quarter final 12 months. On common, sell-side analysts predict that Worldwide Paper will publish 2.86 earnings per share for the present fiscal 12 months.
Worldwide Paper Dividend Announcement
The corporate additionally just lately introduced a quarterly dividend, which was paid on Wednesday, March fifteenth. Shareholders of report on Friday, February seventeenth have been paid a $0.4625 dividend. The ex-dividend date was Thursday, February sixteenth. This represents a $1.85 dividend on an annualized foundation and a yield of 5.43%. Worldwide Paper’s dividend payout ratio (DPR) is at present 45.45%.
Worldwide Paper Profile
(Get Ranking)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates via the next segments: Industrial Packaging, World 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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