Stock Mover of The Day: Do Institutional Investors Love International Paper Co (NYSE:IP)?

November 25, 2016 - By Louis Casey   ·   0 Comments

Stock Mover of The Day: Do Institutional Investors Love International Paper Co (NYSE:IP)?

Sentiment for International Paper Co (NYSE:IP)

International Paper Co (NYSE:IP) institutional sentiment increased to 1.23 in Q2 2016. Its up 0.17, from 1.06 in 2016Q1. The ratio is positive, as 296 investment professionals started new and increased positions, while 278 cut down and sold stakes in International Paper Co. The investment professionals in our partner’s database now own: 330.54 million shares, down from 344.44 million shares in 2016Q1. Also, the number of investment professionals holding International Paper Co in their top 10 positions was flat from 9 to 9 for the same number . Sold All: 56 Reduced: 222 Increased: 234 New Position: 62.

International Paper Company is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The company has a market cap of $20.10 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 23.28 P/E ratio. It is a maker of containerboard in the United States.

International Paper Co (NYSE:IP) has risen 12.36% since April 22, 2016 and is uptrending. It has outperformed by 6.95% the S&P500.

Analysts await International Paper Co (NYSE:IP) to report earnings on February, 1 before the open. They expect $0.71 EPS, down 18.39% or $0.16 from last year’s $0.87 per share. IP’s profit will be $292.80 million for 17.16 P/E if the $0.71 EPS becomes a reality. After $0.91 actual EPS reported by International Paper Co for the previous quarter, Wall Street now forecasts -21.98% negative EPS growth.

According to Zacks Investment Research, “International Paper Co. is a global paper and forest products company that is complemented by an extensive distribution system. The company produces printing and writing papers, pulp, tissue, paperboard and packaging and wood products. The company also manufacture specialty chemicals and specialty panels and laminated products. Its primary markets and manufacturing and distribution operations are in the United States, Europe and the Pacific Rim.”

Holowesko Partners Ltd. holds 5.58% of its portfolio in International Paper Co for 1.57 million shares. Fidelity National Financial Inc. owns 395,001 shares or 4.34% of their US portfolio. Moreover, Salem Capital Management Inc has 3.44% invested in the company for 140,965 shares. The Connecticut-based Sasco Capital Inc Ct has invested 3.4% in the stock. Mrj Capital Inc, a New York-based fund reported 109,867 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 buys, and 4 sales for $2.56 million net activity.

International Paper Co (NYSE:IP) Ratings Coverage

Ratings analysis reveals 8% of International Paper Company’s analysts are positive. Out of 12 Wall Street analysts rating International Paper Company, 1 give it “Buy”, 1 “Sell” rating, while 10 recommend “Hold”. The lowest target is $42 while the high is $60. The stock’s average target of $47 is -3.57% below today’s ($48.74) share price. IP was included in 27 notes of analysts from August 4, 2015. The rating was downgraded by Jefferies to “Hold” on Tuesday, May 3. On Tuesday, August 2 the stock rating was maintained by Citigroup with “Neutral”. On Tuesday, September 15 the stock rating was downgraded by Bank of America to “Hold”. The rating was initiated by Goldman Sachs with “Neutral” on Thursday, September 22. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. Barclays Capital downgraded International Paper Co (NYSE:IP) on Friday, January 8 to “Equal-Weight” rating. The rating was maintained by Deutsche Bank on Thursday, September 17 with “Hold”. The rating was downgraded by Citigroup on Monday, January 25 to “Neutral”. The stock of International Paper Co (NYSE:IP) has “Sector Perform” rating given on Monday, April 25 by RBC Capital Markets. The stock of International Paper Co (NYSE:IP) has “Neutral” rating given on Thursday, April 28 by Credit Suisse.

IP Company Profile

International Paper Company (International Paper), incorporated on June 23, 1941, is a paper and packaging firm with primary markets and manufacturing activities in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. In the United States, the Company has operated over 20 pulp, paper and packaging mills, approximately 170 converting and packaging plants, approximately 20 recycling plants and approximately three bag facilities. Production facilities in Europe, Asia, Africa, India, Latin America and South America include approximately 20 pulp, paper and packaging mills, approximately 70 converting and packaging plants, and approximately two recycling plants. The Firm operates a printing and packaging products distribution business primarily through over 10 branches in Asia. The Firm sells packaging products, paper products and other products directly to end users and converters, as well as through agents, resellers and paper distributors.

More recent International Paper Co (NYSE:IP) news were published by: Bloomberg.com which released: “Booming Diaper Use Drives $2.2 Billion International Paper Deal” on May 02, 2016. Also Forbes.com published the news titled: “International Paper Reaches Analyst Target Price” on September 13, 2016. Forbes.com‘s news article titled: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” with publication date: November 08, 2016 was also an interesting one.

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By Louis Casey


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