Stephens Inc. AR elevated its stake in shares of Worldwide Paper (NYSE:IP – Free Report) by 0.7% within the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Change Fee (SEC). The institutional investor owned 46,282 shares of the fundamental supplies firm’s inventory after buying a further 333 shares through the quarter. Stephens Inc. AR’s holdings in Worldwide Paper have been value $2,261,000 on the finish of the newest quarter.
A number of different institutional buyers and hedge funds have additionally not too long ago purchased and bought shares of the inventory. Massmutual Belief Co. FSB ADV grew its stake in Worldwide Paper by 20.7% through the third quarter. Massmutual Belief Co. FSB ADV now owns 1,396 shares of the fundamental supplies firm’s inventory value $68,000 after buying a further 239 shares within the final quarter. Retirement Methods of Alabama grew its stake in Worldwide Paper by 0.3% through the 2nd quarter. Retirement Methods of Alabama now owns 76,616 shares of the fundamental supplies firm’s inventory value $3,306,000 after buying a further 246 shares within the final quarter. Altrius Capital Administration Inc boosted its place in shares of Worldwide Paper by 0.3% through the 2nd quarter. Altrius Capital Administration Inc now owns 112,487 shares of the fundamental supplies firm’s inventory value $4,854,000 after buying a further 296 shares within the final quarter. 180 Wealth Advisors LLC boosted its place in shares of Worldwide Paper by 4.2% through the 2nd quarter. 180 Wealth Advisors LLC now owns 8,172 shares of the fundamental supplies firm’s inventory value $351,000 after buying a further 327 shares within the final quarter. Lastly, Ranch Capital Advisors Inc. boosted its place in shares of Worldwide Paper by 1.0% through the 2nd quarter. Ranch Capital Advisors Inc. now owns 35,405 shares of the fundamental supplies firm’s inventory value $1,528,000 after buying a further 345 shares within the final quarter. 81.95% of the inventory is owned by institutional buyers and hedge funds.
Analysts Set New Worth Targets
IP has been the topic of a number of analyst experiences. Argus raised Worldwide Paper from a “maintain” score to a “purchase” score and set a $52.00 worth goal for the corporate in a analysis report on Wednesday, August 14th. Wells Fargo & Firm upped their worth goal on Worldwide Paper from $43.00 to $45.00 and gave the inventory an “equal weight” score in a analysis report on Thursday, July twenty fifth. Truist Monetary reaffirmed a “purchase” score and set a $61.00 worth goal (up from $57.00) on shares of Worldwide Paper in a analysis report on Friday. Stifel Nicolaus initiated protection on Worldwide Paper in a analysis report on Tuesday, July ninth. They set a “maintain” score and a $48.70 worth goal for the corporate. Lastly, Royal Financial institution of Canada upped their worth goal on Worldwide Paper from $56.00 to $64.00 and gave the inventory an “outperform” score in a analysis report on Friday. Three analysis analysts have rated the inventory with a maintain score, six have assigned a purchase score and one has given a robust purchase score to the corporate. In response to information from MarketBeat.com, the inventory at present has a consensus score of “Reasonable Purchase” and a consensus worth goal of $51.96.
Learn Our Newest Report on Worldwide Paper
Worldwide Paper Inventory Up 0.4 %
IP opened at $55.77 on Monday. The enterprise has a 50 day transferring common worth of $48.48 and a two-hundred day transferring common worth of $45.06. The corporate has a fast ratio of 1.17, a present ratio of 1.53 and a debt-to-equity ratio of 0.62. The corporate has a market cap of $19.37 billion, a PE ratio of 47.67 and a beta of 1.02. Worldwide Paper has a 52 week low of $31.76 and a 52 week excessive of $56.26.
Worldwide Paper (NYSE:IP – Get Free Report) final posted its quarterly earnings information on Thursday, October thirty first. The essential supplies firm reported $0.44 EPS for the quarter, beating the consensus estimate of $0.24 by $0.20. The agency had income of $4.69 billion through the quarter, in comparison with the consensus estimate of $4.70 billion. Worldwide Paper had a return on fairness of 6.49% and a internet margin of two.25%. The agency’s income was up 1.6% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the enterprise earned $0.64 EPS. As a bunch, analysis analysts anticipate that Worldwide Paper will put up 1.54 EPS for the present 12 months.
Worldwide Paper Dividend Announcement
The agency additionally not too long ago introduced a quarterly dividend, which shall be paid on Monday, December sixteenth. Stockholders of report on Friday, November fifteenth shall be paid a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized foundation and a dividend yield of three.32%. The ex-dividend date is Friday, November fifteenth. Worldwide Paper’s dividend payout ratio (DPR) is 158.12%.
Insider Transactions at Worldwide Paper
In different information, Director Kathryn D. Sullivan bought 600 shares of the inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was bought at a median worth of $46.10, for a complete transaction of $27,660.00. Following the completion of the transaction, the director now instantly owns 41,002 shares of the corporate’s inventory, valued at roughly $1,890,192.20. This represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. In different information, Director Kathryn D. Sullivan bought 600 shares of the inventory in a transaction that occurred on Thursday, August fifteenth. The inventory was bought at a median worth of $46.10, for a complete transaction of $27,660.00. Following the completion of the transaction, the director now instantly owns 41,002 shares of the corporate’s inventory, valued at roughly $1,890,192.20. This represents a 0.00 % lower of their place. The sale was disclosed in a submitting with the SEC, which is accessible by means of this hyperlink. Additionally, SVP Joseph R. Saab bought 2,440 shares of the inventory in a transaction that occurred on Thursday, September twelfth. The inventory was bought at a median worth of $47.30, for a complete worth of $115,412.00. Following the transaction, the senior vice chairman now instantly owns 18,668 shares of the corporate’s inventory, valued at roughly $882,996.40. This commerce represents a 0.00 % lower of their possession of the inventory. The disclosure for this sale will be discovered right here. Within the final three months, insiders bought 19,440 shares of firm inventory valued at $938,486. Company insiders personal 0.55% of the corporate’s inventory.
Worldwide Paper Firm Profile
Worldwide Paper Firm produces and sells renewable fiber-based packaging and pulp merchandise in North America, Latin America, Europe, and North Africa. It operates by means of two segments, Industrial Packaging and World Cellulose Fibers. The corporate presents linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a spread of purposes, reminiscent of diapers, towel and tissue merchandise, female care, incontinence, and different private care merchandise, in addition to specialty pulps to be used in textiles, building supplies, paints, coatings, and others.
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