Traders See Bullish Options Activity International Paper Co

 Traders See Bullish Options Activity International Paper Co

In today’s session International Paper Co (IP) registered an unusually high (310) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious IP increase. With 310 contracts traded and 664 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: IP161118C00049000 closed last at: $1.2 or 27.7% up. The stock decreased 1.49% or $0.71 during the last trading session, hitting $47.09. About 2.62 million shares traded hands. International Paper Co (NYSE:IP) has risen 28.03% since March 2, 2016 and is uptrending. It has outperformed by 18.79% the S&P500.

Analysts await International Paper Co (NYSE:IP) to report earnings on October, 26. They expect $0.95 earnings per share, down 2.06% or $0.02 from last year’s $0.97 per share. IP’s profit will be $389.16M for 12.39 P/E if the $0.95 EPS becomes a reality. After $0.92 actual earnings per share reported by International Paper Co for the previous quarter, Wall Street now forecasts 3.26% EPS growth.

International Paper Co (NYSE:IP) Ratings Coverage

Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 8% are positive. International Paper Company has been the topic of 26 analyst reports since August 4, 2015 according to StockzIntelligence Inc. On Tuesday, September 15 the stock rating was downgraded by Bank of America to “Hold”. The stock has “Neutral” rating given by Citigroup on Tuesday, August 2. The rating was downgraded by Citigroup to “Neutral” on Monday, January 25. The rating was maintained by Barclays Capital on Monday, May 2 with “Equal-Weight”. The stock of International Paper Co (NYSE:IP) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 25. The firm earned “Equal-Weight” rating on Friday, January 8 by Barclays Capital. Macquarie Research initiated International Paper Co (NYSE:IP) rating on Tuesday, November 10. Macquarie Research has “Neutral” rating and $43 price target. The rating was initiated by Goldman Sachs on Thursday, September 22 with “Neutral”. Credit Suisse downgraded the shares of IP in a report on Thursday, April 28 to “Neutral” rating. Buckingham Research upgraded International Paper Co (NYSE:IP) on Tuesday, August 25 to “Neutral” rating.

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.17, from 1.23 in 2016Q1. The ratio turned negative, as 56 funds sold all International Paper Co shares owned while 222 reduced positions. 62 funds bought stakes while 234 increased positions. They now own 330.54 million shares or 4.04% less from 344.44 million shares in 2016Q1.
The Washington-based Cornerstone Advsr has invested 0.01% in International Paper Co (NYSE:IP). Thompson Davis & Incorporated owns 336 shares or 0.02% of their US portfolio. Zacks Inv Mngmt has 0.87% invested in the company for 670,887 shares. Verition Fund Mgmt Ltd Co last reported 0.1% of its portfolio in the stock. Asset Mngmt Of Georgia Ga Adv has invested 0.33% of its portfolio in International Paper Co (NYSE:IP). Moreover, Livingston Grp Inc Asset Mngmt Company (Operating As Southport Cap Management) has 0.28% invested in International Paper Co (NYSE:IP) for 11,882 shares. Mizuho Tru And Banking holds 0.08% of its portfolio in International Paper Co (NYSE:IP) for 615,346 shares. Mutual Of America Cap Mngmt Ltd Liability Company, a New York-based fund reported 95,128 shares. Azimuth Mngmt Ltd Limited Liability Company holds 0.2% or 52,673 shares in its portfolio. Moreover, Independent Consultants Inc has 0.03% invested in International Paper Co (NYSE:IP) for 2,310 shares. Cambridge Investment Rech Advsrs Inc last reported 27,809 shares in the company. Raab Moskowitz Asset Management Llc holds 7,662 shares or 0.18% of its portfolio. Corbyn Investment Inc Md, a Maryland-based fund reported 14,325 shares. Moreover, Ig Mngmt has 0.01% invested in International Paper Co (NYSE:IP) for 42,234 shares. Glg Ltd last reported 0.07% of its portfolio in the stock.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 6 selling transactions for $3.33 million net activity. Roberts Carol L also sold $566,194 worth of International Paper Co (NYSE:IP) shares. Nicholls Timothy S also sold $555,160 worth of International Paper Co (NYSE:IP) on Friday, June 3. Another trade for 20,000 shares valued at $962,474 was sold by Hoel William P. Kadien Thomas G sold 10,000 shares worth $478,631. $137,886 worth of International Paper Co (NYSE:IP) was sold by Amick W. Michael Jr. on Wednesday, May 11.

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 $19.29 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 25.19 P/E ratio. It is a maker of containerboard in the United States.

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