International Paper Company (IP) Position Held by Sound Shore Management Inc

Elias Hubbard
December 25, 2017

The business's revenue for the quarter was up 12.3% on a year-over-year basis. sell-side analysts forecast that International Paper Company will post 3.51 EPS for the current year. The stock increased 0.87% or $0.5 during the last trading session, reaching $57.98. The firm bought 16,666 shares of the basic materials company's stock, valued at approximately $946,000. International Paper Company has a one year low of $49.60 and a one year high of $58.96.

Penn Davis Mcfarland Inc decreased its stake in Xylem Inc. (NYSE:MMC) by 174,656 shares to 1.54 million shares, valued at $128.94 million in 2017Q3, according to the filing. The stock increased 6.00% or $0.054 during the last trading session, reaching $0.954. The shares were sold at an average price of $53.81, for a total transaction of $971,808.60. Xylem Inc. (NYSE:XYL) has risen 20.76% since December 23, 2016 and is uptrending. (NYSE:XYL) to report earnings on February, 1. Vanguard Group Inc. grew its stake in International Paper by 0.6% in the second quarter.

Since August 9, 2017, it had 0 buys, and 6 insider sales for $5.14 million activity. Its up 2.63% from 3,800 shares previously. Xylem had 64 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned "Outperform" rating on Wednesday, January 25 by BMO Capital Markets. Cowen & Co maintained Xylem Inc. The rating was initiated by Goldman Sachs on Thursday, September 22 with "Neutral". Stifel Nicolaus downgraded Xylem Inc. The firm has "Hold" rating by Deutsche Bank given on Wednesday, August 10. The stock presently has an average rating of "Hold" and an average price target of $61.73. (NYSE:XYL) earned "Overweight" rating by Barclays Capital on Monday, May 15. The rating was maintained by RBC Capital Markets on Wednesday, July 19 with "Buy". The stock has "Buy" rating by Sterne Agee CRT on Tuesday, April 5. Its down 0.08, from 1.03 in 2017Q2. Stephens started coverage on shares of International Paper in a report on Tuesday, October 24th. The shares were sold at an average price of $53.89, for a total value of $1,734,234.09. Peoples Fincl Services holds 0.03% or 830 shares in its portfolio. (NYSE:XYL) for 3,285 shares. Regentatlantic Cap Lc invested in 0.13% or 26,243 shares. Daruma Cap Management Ltd Com holds 66,221 shares. Swiss National Bank accumulated 0.05% or 661,922 shares. Americafirst Cap Mgmt Llc invested in 0.2% or 2,614 shares.

Investors sentiment decreased to 0.95 in 2017 Q3. Its down 0.08, from 1.03 in 2017Q2. It turned negative, as 37 investors sold IP shares while 252 reduced holdings.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. The basic materials company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.04. Cleararc Inc accumulated 15,384 shares. Iridian Asset Management LLC CT now owns 6,432,080 shares of the basic materials company's stock valued at $365,471,000 after acquiring an additional 1,090,030 shares during the period.

Shares of International Paper Company (NYSE:IP) opened at $57.98 on Monday. Dixon Hubard Feinour Brown Va holds 0.72% or 44,086 shares in its portfolio. Moreover, Optimum Investment has 0.17% invested in International Paper Company (NYSE:IP) for 8,830 shares. Bokf Na reported 42,134 shares. Carret Asset Mngmt Limited Liability stated it has 0.41% of its portfolio in International Paper Company (NYSE:IP). Efg Asset Mngmt (Americas) holds 0.24% or 11,367 shares. 54 are held by Tci Wealth Advisors. California State Teachers Retirement System owned 0.17% of International Paper worth $38,724,000 at the end of the most recent quarter. Avalon Ltd Limited Liability Company, a Texas-based fund reported 658,021 shares. Meiji Yasuda Life Insurance stated it has 0.07% of its portfolio in International Paper Company (NYSE:IP). First Communication owns 39,597 shares. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Therefore 50% are positive. Cetera Advisors LLC's holdings in International Paper were worth $606,000 at the end of the most recent reporting period. The firm has "Equal-Weight" rating given on Friday, January 8 by Barclays Capital. BMO Capital Markets reissued a "buy" rating and issued a $62.00 target price on shares of International Paper in a report on Friday, November 24th. Jefferies maintained the stock with "Buy" rating in Monday, September 18 report. Jefferies maintained the shares of IP in report on Friday, June 2 with "Buy" rating.

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