Major Move Is Coming For International Paper Co After Bullish Options Activity

 Major Move Is Coming For International Paper Co After Bullish Options Activity

In today’s session International Paper Co (IP) registered an unusually high (1,246) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious IP increase. With 1,246 contracts traded and 31304 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: IP170120C00050000 closed last at: $1.12 or 14.3% up. About 373,218 shares traded hands. International Paper Co (NYSE:IP) has risen 14.99% since April 18, 2016 and is uptrending. It has outperformed by 10.56% 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 firm has “Hold” rating given on Thursday, September 17 by Deutsche Bank. On Monday, February 8 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Neutral” rating given on Tuesday, August 25 by Buckingham Research. As per Wednesday, August 10, the company rating was maintained by Deutsche Bank. Citigroup maintained International Paper Co (NYSE:IP) rating on Tuesday, August 2. Citigroup has “Neutral” rating and $49 price target. Jefferies downgraded the stock to “Hold” rating in Tuesday, May 3 report. As per Friday, January 8, the company rating was downgraded by Barclays Capital. Credit Suisse downgraded the shares of IP in a report on Thursday, April 28 to “Neutral” rating. The firm has “Underperform” rating given on Tuesday, October 18 by Macquarie Research. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Monday, April 25.

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 increased to 1.23 in 2016 Q2. Its up 0.17, from 1.06 in 2016Q1. The ratio is positive, 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.
Beck Mngmt Ltd Liability Corp reported 13,461 shares or 0.36% of all its holdings. D E Shaw & Company Incorporated has 0% invested in the company for 39,931 shares. New York State Common Retirement Fund holds 1.14 million shares or 0.07% of its portfolio. Bluefin Trading Limited Liability Corporation has 0.04% invested in the company for 10,100 shares. British Columbia Inv Management accumulated 248,863 shares or 0.09% of the stock. Adage Capital Prtn Grp Llc has 614,492 shares for 0.07% of their US portfolio. Tarbox Gp Inc has 12,037 shares for 0.37% of their US portfolio. Alps Advisors accumulated 608,955 shares or 0.23% of the stock. Brookstone Cap Mgmt holds 85,756 shares or 0.47% of its portfolio. Van Eck Assoc owns 11,043 shares or 0% of their US portfolio. Tocqueville Asset Mngmt Ltd Partnership has 0.02% invested in the company for 44,003 shares. Checchi Capital Advisers Lc holds 0.03% or 5,383 shares in its portfolio. Stephens Ar holds 0.08% or 39,766 shares in its portfolio. Bb&T Limited Liability holds 0.02% or 28,854 shares in its portfolio. Pioneer Inv Management, a Massachusetts-based fund reported 303,904 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 4 selling transactions for $2.56 million net activity. Shares for $478,631 were sold by Kadien Thomas G on Thursday, September 15. 20,000 shares were sold by Hoel William P, worth $962,474 on Tuesday, September 13. Shares for $566,194 were sold by Roberts Carol L. $555,160 worth of International Paper Co (NYSE:IP) was sold by Nicholls Timothy S on Friday, June 3.

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 $20.00 billion. The Firm operates in three divisions: Industrial Packaging, Printing Papers and Consumer Packaging. It has a 23.05 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 recent International Paper Co (NYSE:IP) news were published by: Forbes.com which released: “Ex-Dividend Reminder: SunCoke Energy Partners, Terra Nitrogen and …” on November 08, 2016. Also Forbes.com published the news titled: “International Paper Becomes Oversold (IP)” on November 03, 2016. Bizjournals.com‘s news article titled: “After second quarter payouts, International Paper posts strong third quarter” with publication date: October 27, 2016 was also an interesting one.

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