Big Money Are Selling International Paper Co (NYSE:IP), Sentiment at 0.98

June 27, 2018 - By Susanne Funderburg

International Paper Company (NYSE:IP) Corporate Logo

International Paper Co’s Sentiment

In 2018 Q1 International Paper Co (NYSE:IP) big money sentiment decreased to 0.98, revealed SEC filings. That’s down -0.19, from 2017Q4’s 1.17. 298 investment managers increased and started new equity positions, while 303 sold and reduced their holdings in International Paper Co so the sentiment has dropped. Funds own 332.80 million shares, up from 331.84 million shares in 2017Q4. Funds holding International Paper Co in top 10 changed to 9 from 9 for the same number . In total 65 funds closed positions, 238 reduced and 212 increased. Also 86 funds bought new International Paper Co stakes.

Largest International Paper Co Shareholders

Salem Capital Management Inc owns 140,520 shares in International Paper Co as of 2018 Q1. International Paper Co’s shareholder First Dallas Securities Inc. owns 103,831 shares as of 2018 Q1. Colrain Capital Llc reported 63,995 shares. The Connecticut-based fund Sound Shore Management Inc Ct have invested about 3.28% of the active investment manager’s stock portfolio in International Paper Co. The California-based fund Rnc Capital Management Llc looks positive on International Paper Co, owning 808,545 shares.

International Paper Company operates as a paper and packaging firm in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East.The firm is valued at $22.15 billion. The firm operates through four divisions: Industrial Packaging, Global Cellulose Fibers, Printing Papers, and Consumer Packaging.8.4 is the P/E ratio. The Industrial Packaging segment makes containerboards, including linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.

Ticker’s shares touched $53.495 during the last trading session after 0.55% change.International Paper Company has volume of 413,296 shares. Since June 27, 2017 IP has risen 3.78% and is uptrending. The stock underperformed the S&P 500 by 8.79%.

On July, 26. Investors wait International Paper Company (NYSE:IP) to announce its quarterly earnings, RTT reports. Analysts predict $1.12 earnings per share, which is $0.47 up or 72.31 % from 2017’s $0.65 earnings per share. This could reach $463.79M profit for IP assuming the current $1.12 earnings per share will become reality. Last quarter $0.94 earnings per share was reported. Analysts sees 19.15 % EPS growth this quarter.

60,735 were reported by Nomura Asset Ltd. 26,636 are owned by Intersect Capital Limited Co. State Of Tennessee Treasury Department has 99,156 shs for 0.03% of their capital. Nordea Investment Ab stated it has 2.45M shs or 0.31% of all its holdings. Mitsubishi Ufj Tru & Banking Corp, a Japan-based fund reported 953,455 shs. Financial Advisory Ser Inc accumulated 13,634 shs. 900 were accumulated by Shine Invest Advisory Services. Glenmede Tru Na has invested 0.11% of its capital in International Paper Company (NYSE:IP). Federated Inc Pa reported 0% in International Paper Company (NYSE:IP). Amalgamated Savings Bank invested in 59,491 shs or 0.08% of the stock. The Massachusetts-based Fiduciary Trust Commerce has invested 0.02% in International Paper Company (NYSE:IP). Ent Fincl owns 1,171 shs. Wellington Shields Mgmt Limited reported 0.1% of its capital in International Paper Company (NYSE:IP). Fmr Ltd Com reported 291,680 shs stake. Sandy Spring Commercial Bank holds 0% or 378 shs.

International Paper Company registered $1.85 million net activity with 1 insider purchase and 2 selling transactions since June 14, 2018. Shares for $610,505 were sold by Amick W. Michael Jr. on Monday, June 18. Ealy Carleton C sold $1.25 million worth of International Paper Company (NYSE:IP) or 22,000 shs on Thursday, June 14.

International Paper Company (NYSE:IP) Ratings Coverage

A total of 8 analysts rate International Paper Company (NYSE:IP) as follows: 5 “Buy”, 2 “Hold” and 1 “Sell”. Тherefore 63% are bullish. The firm has $70.0 highest and $5300 lowest target. The avg target $65.50 is 22.44% above the last ($53.495) price. (NYSE:IP) has 16 ratings reports on 27 Jun 2018 according to StockzIntelligence. On Wednesday, March 7 the company was downgraded by BMO Capital Markets. On Tuesday, March 27 Wells Fargo maintained the shares of IP in report with “Hold” rating. The company rating was maintained by Barclays Capital on Monday, February 12. On Thursday, February 1 the firm has “Buy” rating by Bank of America given. On Thursday, January 25 BMO Capital Markets maintained the shares of IP in report with “Buy” rating. On Tuesday, January 2 the stock of International Paper Company (NYSE:IP) has “Buy” rating given by Bank of America. The company rating was downgraded by Wells Fargo on Wednesday, March 7. On Friday, June 1 the company was upgraded by Wells Fargo. The stock rating was downgraded by RBC Capital Markets to “Hold” on Tuesday, April 17. The stock rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 11.

There’s an important International Paper Company (NYSE:IP) news posted by Seekingalpha.com. It’s a report titled: “International Paper: Buy The Record Growth” on June 05, 2018.

International Paper Company (NYSE:IP) Institutional Investors Chart

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