In today’s session International Paper Co (IP) registered an unusually high (283) 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 283 contracts traded and 2934 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: IP161118C00046000 closed last at: $1.34 or 21.2% down. About 843,377 shares traded hands. International Paper Co (NYSE:IP) has risen 10.47% since March 28, 2016 and is uptrending. It has outperformed by 5.76% the S&P500.
International Paper Co (NYSE:IP) Ratings Coverage
Out of 12 analysts covering International Paper Company (NYSE:IP), 1 rate it a “Buy”, 1 “Sell”, while 10 “Hold”. This means 8% are positive. International Paper Company has been the topic of 27 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Thursday, September 22, the company rating was initiated by Goldman Sachs. Macquarie Research initiated the stock with “Neutral” rating in Tuesday, November 10 report. Citigroup maintained it with “Neutral” rating and $49 target price in Tuesday, August 2 report. The rating was downgraded by Bank of America on Tuesday, September 15 to “Hold”. Credit Suisse maintained the shares of IP in a report on Monday, February 8 with “Outperform” rating. Buckingham Research upgraded International Paper Co (NYSE:IP) on Tuesday, August 25 to “Neutral” rating. On Thursday, April 28 the stock rating was downgraded by Credit Suisse to “Neutral”. The firm has “Hold” rating given on Wednesday, August 10 by Deutsche Bank. The stock of International Paper Co (NYSE:IP) has “Equal-Weight” rating given on Monday, May 2 by Barclays Capital. The firm has “Underperform” rating by Macquarie Research given on Tuesday, October 18.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.17, from 1.23 in 2016Q1. The ratio is 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.
Scotia last reported 0.01% of its portfolio in the stock. Moreover, Dubuque Natl Bank Co has 0.09% invested in International Paper Co (NYSE:IP) for 11,064 shares. The Missouri-based Ent Fincl Corporation has invested 0.02% in International Paper Co (NYSE:IP). Moreover, Mizuho Co Ltd has 0.08% invested in International Paper Co (NYSE:IP) for 615,346 shares. Webster Bank N A, a Connecticut-based fund reported 27,731 shares. Caisse De Depot Et Placement Du Quebec has invested 0.02% of its portfolio in International Paper Co (NYSE:IP). Oakbrook Investments Ltd Liability Co has invested 0.1% of its portfolio in International Paper Co (NYSE:IP). Central Natl Bank And has 0.01% invested in the company for 425 shares. The New York-based Jpmorgan Chase And has invested 0.01% in International Paper Co (NYSE:IP). Highland Cap Mngmt Llc last reported 0.46% of its portfolio in the stock. Tdam Usa Incorporated has 0.01% invested in the company for 5,510 shares. Moreover, Commonwealth Of Pennsylvania School Empls Retrmt has 0.03% invested in International Paper Co (NYSE:IP) for 32,922 shares. Davenport And Ltd Limited Liability Company has 0% invested in the company for 818,776 shares. Palouse last reported 126,277 shares in the company. Snow Cap Mngmt Limited Partnership holds 1.44 million shares or 2.88% of its portfolio.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 6 sales for $3.33 million net activity. 12,256 shares were sold by Roberts Carol L, worth $566,194. Kadien Thomas G sold $629,112 worth of stock or 15,000 shares. Shares for $962,474 were sold by Hoel William P on Tuesday, September 13. $555,160 worth of International Paper Co (NYSE:IP) was sold by Nicholls Timothy S. Shares for $137,886 were sold by Amick W. Michael Jr..
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 $18.22 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 24.24 P/E ratio. It is a maker of containerboard in the United States.
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 notable recent International Paper Co (NYSE:IP) news were published by: Seekingalpha.com which released: “International Paper: Buy For The Value, Not The Dividend” on October 26, 2016, also Bizjournals.com with their article: “After second quarter payouts, International Paper posts strong third quarter” published on October 27, 2016, Nasdaq.com published: “Will International Paper (IP) Disappoint in Q3 Earnings?” on October 25, 2016. More interesting news about International Paper Co (NYSE:IP) were released by: Pionline.com and their article: “International Paper pays out $1.2 billion in lump-sum payments to former employees” published on October 27, 2016 as well as Bizjournals.com‘s news article titled: “Restaurant near International Paper readies for opening” with publication date: October 21, 2016.
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