As International Paper Company (IP) Shares Declined, Shareholder Sound Shore Management INC Increased Its Stake

April 17, 2018 - By Theresa Judd

International Paper Company (NYSE:IP) Corporate LogoDuring Q4 2017 the big money sentiment increased to 1.17. That’s change of 0.22, from 2017Q3’s 0.95. 40 investors sold all, 232 reduced holdings as IP ratio improved. 232 increased holdings while 86 funds amassed holdings. Funds hold 331.84 million shares thus 0.61% less from 2017Q3’s 333.87 million shares. Moreover, State Of New Jersey Common Pension Fund D has 0.04% invested in International Paper Company (NYSE:IP) for 185,000 shs. Hanson Mcclain holds 337 shs. Gateway Investment Advisers Ltd Company has invested 0.01% in International Paper Company (NYSE:IP). Cim Invest Mangement Inc invested 0.37% in International Paper Company (NYSE:IP). Amica Pension Fund Board Of Trustees has 14,812 shs for 0.1% of their capital. 63,042 were reported by Huntington Fincl Bank. Systematic Financial Management Lp holds 0.01% or 7,100 shs. 24,708 were accumulated by Nelson Van Denburg Campbell Wealth Mgmt Ltd Limited Liability Company. Norinchukin Natl Bank The stated it has 0.04% in International Paper Company (NYSE:IP). Vigilant Cap Ltd holds 0% or 655 shs. Tiverton Asset Mgmt Ltd Liability Corporation reported 0.01% in International Paper Company (NYSE:IP). Amp Cap Invsts Ltd owns 130,268 shs for 0.04% of their capital. Yorktown Mngmt & has 0.1% invested in International Paper Company (NYSE:IP). Security Natl Bank Of So Dak owns 12,183 shs. Archford Capital Strategies Limited Co owns 21,948 shs.

In 2017Q4 Securities and Exchange filling is reported Sound Shore Management Inc’s stake in International Paper Company (IP) which was rose by 10.37%. 375,778 shares were bought by Sound Shore Management Inc as the company’s stock declined 10.09% with the market. The paper company at the end of 2017Q4 was priced at $231.77M. It’s up from 3.62 million at the end of the previous reported quarter. Now it had 4.00 million shares held by the institutional investor . $22.26 billion is International Paper Company’s MC. IP reached $53.75 on during the last trading session after $0.53 change.Currently International Paper Company is uptrending after 3.70% change in last April 17, 2017. IP has 1.63 million shares volume. IP underperformed by 7.85% the S&P500.

A portfolio of $6.15B and $6.56 billion is managed by Sound Shore Management Inc. As it’s registered in Securities and Exchange filling the stake in Keysight Technologies Inc. (NYSE:KEYS) is reduced by 445,891 shares to 3.90 million shares. They are valued at $162.32 million in 2017Q4. Sound Shore Management Inc has cut its stake in Thermo Fisher Scientific (NYSE:TMO) and also reduced its holding in Occidental Petroleum Corporation (NYSE:OXY) by 145,684 shares in the quarter, for a total of 2.96M shares.

International Paper Company (NYSE:IP) Ratings Coverage

Total analysts of 8 have positions in International Paper Co (NYSE:IP) as follows: 3 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 38%. The firm has $70.0 highest while $52 is the lowest [Target]. The average target $63.63 is 18.38% above the last ($53.75) price. Since October 19, 2017 according to StockzIntelligence Inc International Paper Co has 17 analyst reports. On Wednesday, January 10 the firm has “Hold” rating by Stephens given. On Friday, October 27 Credit Suisse maintained International Paper Company (NYSE:IP) with “Neutral” rating. The company rating was downgraded by Wells Fargo on Wednesday, March 7. On Friday, November 24 the rating was maintained by BMO Capital Markets with “Buy”. On Tuesday, January 2 the firm has “Buy” rating by Bank of America given. On Monday, January 8 the company was maintained by Wells Fargo. On Thursday, January 11 the stock of International Paper Company (NYSE:IP) earned “Buy” rating by RBC Capital Markets. On Thursday, October 19 the company was maintained by BMO Capital Markets. On Wednesday, March 7 the company was downgraded by BMO Capital Markets. On Monday, October 23 RBC Capital Markets maintained International Paper Company (NYSE:IP) rating. RBC Capital Markets has “Buy” rating and $65.0 target.

International Paper Company (NYSE:IP) Institutional Investors Chart

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