Zurcher Kantonalbank Zurich Cantonalbank raised its place in shares of Worldwide Paper (NYSE:IP – Get Score) by 0.9% through the third quarter, in line with its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The institutional investor owned 48,238 shares of the essential supplies firm’s inventory after buying a further 440 shares through the interval. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Worldwide Paper have been value $1,529,000 as of its most up-to-date submitting with the Securities and Trade Fee (SEC).
A number of different hedge funds and different institutional buyers additionally just lately purchased and bought shares of the inventory. California Public Workers Retirement System raised its holdings in Worldwide Paper by 23.1% through the third quarter. California Public Workers Retirement System now owns 848,743 shares of the essential supplies firm’s inventory valued at $26,905,000 after shopping for a further 159,380 shares through the interval. Advisors Asset Administration Inc. raised its holdings in Worldwide Paper by 4.7% through the third quarter. Advisors Asset Administration Inc. now owns 267,014 shares of the essential supplies firm’s inventory valued at $8,464,000 after shopping for a further 11,872 shares through the interval. IFP Advisors Inc raised its holdings in Worldwide Paper by 10.1% through the third quarter. IFP Advisors Inc now owns 16,598 shares of the essential supplies firm’s inventory valued at $929,000 after shopping for a further 1,524 shares through the interval. StoneX Group Inc. raised its holdings in Worldwide Paper by 16.8% through the third quarter. StoneX Group Inc. now owns 14,426 shares of the essential supplies firm’s inventory valued at $457,000 after shopping for a further 2,078 shares through the interval. Lastly, Cambria Funding Administration L.P. raised its holdings in Worldwide Paper by 44.1% through the third quarter. Cambria Funding Administration L.P. now owns 125,841 shares of the essential supplies firm’s inventory valued at $3,989,000 after shopping for a further 38,541 shares through the interval. Hedge funds and different institutional buyers personal 83.64% of the corporate’s inventory.
Insiders Place Their Bets
In different information, SVP Thomas J. Plath bought 2,000 shares of the agency’s inventory in a transaction dated Wednesday, November thirtieth. The inventory was bought at a mean worth of $36.00, for a complete worth of $72,000.00. Following the completion of the transaction, the senior vice chairman now immediately owns 49,953 shares within the firm, valued at $1,798,308. The sale was disclosed in a doc filed with the SEC, which is out there at the SEC web site. Company insiders personal 0.42% of the corporate’s inventory.
Wall Avenue Analyst Weigh In
A number of analysis corporations just lately weighed in on IP. Deutsche Financial institution Aktiengesellschaft lowered Worldwide Paper from a “maintain” ranking to a “promote” ranking and decreased their worth goal for the corporate from $44.00 to $29.00 in a report on Tuesday, October 18th. Argus elevated their goal worth on Worldwide Paper from $43.00 to $50.00 and gave the inventory a “purchase” ranking in a analysis observe on Thursday, February 2nd. BMO Capital Markets lowered their goal worth on Worldwide Paper from $60.00 to $50.00 in a analysis observe on Friday, October twenty eighth. Truist Monetary elevated their goal worth on Worldwide Paper from $30.00 to $38.00 and gave the inventory a “maintain” ranking in a analysis observe on Wednesday, February 1st. Lastly, Wells Fargo & Firm elevated their goal worth on Worldwide Paper from $32.00 to $38.00 and gave the inventory an “equal weight” ranking in a analysis observe on Wednesday, February 1st. Three analysts have rated the inventory with a promote ranking, 5 have assigned a maintain ranking and two have given a purchase ranking to the corporate. Based on MarketBeat.com, the inventory at present has a consensus ranking of “Maintain” and a mean goal worth of $38.82.
Worldwide Paper Value Efficiency
Shares of NYSE IP opened at $39.15 on Wednesday. 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 market cap of $13.92 billion, a PE ratio of 9.62 and a beta of 1.05. The enterprise has a 50-day easy transferring common of $37.16 and a two-hundred day easy transferring common of $37.17. Worldwide Paper has a fifty-two week low of $30.69 and a fifty-two week excessive of $50.23.
Worldwide Paper (NYSE:IP – Get Score) final issued its quarterly earnings outcomes on Tuesday, January thirty first. The essential supplies firm reported $0.87 earnings per share 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 return on fairness of 15.81% and a web margin of seven.11%. The corporate’s quarterly income was up .9% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate earned $0.78 earnings per share. As a gaggle, equities analysts anticipate that Worldwide Paper will put up 2.83 EPS for the present fiscal 12 months.
Worldwide Paper Dividend Announcement
The agency additionally just lately declared a quarterly dividend, which can be paid on Wednesday, March fifteenth. Shareholders of document on Friday, February seventeenth can be issued a $0.4625 dividend. This represents a $1.85 annualized dividend and a yield of 4.73%. The ex-dividend date is Thursday, February sixteenth. Worldwide Paper’s dividend payout ratio is presently 45.45%.
Worldwide Paper Firm Profile
(Get Score)
Worldwide Paper Co engages within the manufacture of paper and packaging merchandise. It operates by the next segments: Industrial Packaging, World 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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