In today’s session International Paper Co (IP) registered an unusually high (464) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious IP increase. With 464 contracts traded and 1924 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: IP161216C00046000 closed last at: $0.51 or 25% down. About 979,688 shares traded hands. International Paper Co (NYSE:IP) has risen 10.31% since April 5, 2016 and is uptrending. It has outperformed by 8.35% 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. The company was downgraded on Thursday, April 28 by Credit Suisse. The rating was maintained by Barclays Capital on Monday, May 2 with “Equal-Weight”. The firm has “Neutral” rating given on Tuesday, November 10 by Macquarie Research. Citigroup maintained International Paper Co (NYSE:IP) on Tuesday, August 2 with “Neutral” rating. The rating was initiated by Goldman Sachs on Thursday, September 22 with “Neutral”. The stock of International Paper Co (NYSE:IP) earned “Sector Perform” rating by RBC Capital Markets on Monday, April 25. Citigroup downgraded the shares of IP in a report on Monday, January 25 to “Neutral” rating. Credit Suisse maintained International Paper Co (NYSE:IP) on Monday, February 8 with “Outperform” rating. On Wednesday, August 31 the stock rating was maintained by Citigroup with “Neutral”. Deutsche Bank maintained the stock with “Hold” rating in Thursday, September 17 report.
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 dived, 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.
Visionary Asset Mngmt Inc reported 64,898 shares or 0.97% of all its holdings. Ifc Fl holds 10,816 shares or 0.05% of its portfolio. Hudson Canyon Investment Counselors Limited holds 1.64% or 33,829 shares in its portfolio. First Republic Inv has invested 0.01% of its portfolio in International Paper Co (NYSE:IP). Snow Capital Mngmt Lp owns 1.44 million shares or 2.88% of their US portfolio. Crestpoint Mgmt Ltd Llc owns 10,300 shares or 0.23% of their US portfolio. Janney Montgomery Scott has invested 0.1% of its portfolio in International Paper Co (NYSE:IP). Dupont Cap Mngmt holds 0.06% or 62,102 shares in its portfolio. The California-based Cap Guardian has invested 0% in International Paper Co (NYSE:IP). Bnp Paribas Arbitrage Sa owns 93,351 shares or 0.02% of their US portfolio. Lord Abbett Ltd Liability Corp holds 0.28% of its portfolio in International Paper Co (NYSE:IP) for 2.12M shares. Dixon Hubard Feinour & Brown Inc Va, a Virginia-based fund reported 37,446 shares. Gabelli Funds Limited Liability has 0.06% invested in the company for 249,000 shares. Sandy Spring Savings Bank has 87 shares for 0% of their US portfolio. Benin Mngmt has invested 0.69% of its portfolio in International Paper Co (NYSE:IP).
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 5 sales for $3.19 million net activity. Shares for $962,474 were sold by Hoel William P on Tuesday, September 13. On Friday, May 13 Kadien Thomas G sold $629,112 worth of the stock or 15,000 shares. Shares for $137,886 were sold by Amick W. Michael Jr.. Roberts Carol L sold 12,256 shares worth $566,194. $555,160 worth of International Paper Co (NYSE:IP) shares were sold by Nicholls Timothy S.
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 $17.88 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 21.17 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: Wsj.com which released: “Int’l Paper’s Latest Deal Reflects Demand for Diapers, Feminine Products” on May 02, 2016, also Forbes.com with their article: “International Paper Becomes Oversold (IP)” published on November 03, 2016, Forbes.com published: “International Paper Reaches Analyst Target Price” on September 13, 2016. More interesting news about International Paper Co (NYSE:IP) were released by: Bizjournals.com and their article: “After second quarter payouts, International Paper posts strong third quarter” published on October 27, 2016 as well as Seekingalpha.com‘s news article titled: “International Paper: Buy For The Value, Not The Dividend” with publication date: October 26, 2016.
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