Zacks Investment Management Increased Intl Paper Co (IP) Stake by $4.34 Million

International Paper Company (NYSE:IP) Corporate LogoDuring Q2 2018 the big money sentiment increased to 1.17. That’s change of 0.19, from 2018Q1’s 0.98. 44 investors sold all, 221 reduced holdings as IP ratio increased. 230 rose positions while 79 funds took positions. Funds hold 329.74 million shares thus 0.92% less from 2018Q1’s 332.80 million shares. Sandy Spring State Bank has 0% invested in International Paper Company (NYSE:IP). 6,160 were accumulated by Savant Capital Limited Liability Corporation. Ls Inv Advsr Limited accumulated 18,586 shs. 51,421 were reported by Commonwealth Of Pennsylvania Pub School Empls Retrmt. Andra Ap invested in 53,800 shs or 0.08% of the stock. Mackay Shields Ltd accumulated 0.02% or 67,019 shs. South Texas Money Mngmt accumulated 800,775 shs or 1.82% of the stock. Texas Permanent School Fund accumulated 0.07% or 101,049 shs. Wagner Bowman Mngmt accumulated 7,752 shs. Reliance Tru Of Delaware invested in 0.1% or 12,137 shs. Sweden-based Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% in International Paper Company (NYSE:IP). Cordasco Financial Ntwk invested in 50 shs or 0% of the stock. Cna Corporation invested in 0.32% or 27,605 shs. Employees Retirement Systems Of Ohio accumulated 159,888 shs or 0.04% of the stock. Efg Asset Mgmt (Americas) Corporation holds 7,628 shs or 0.12% of its capital.

IP registered $3.54 million net activity with 1 buy and 5 sales since June 14, 2018. Shares for $256,821 were sold by SIMS JOHN V. Amick W. Michael Jr. sold $610,505 worth of International Paper Company (NYSE:IP) on Monday, June 18. On Monday, June 18 $11,126 worth of International Paper Company (NYSE:IP) was bought by BONNOT VINCENT P. The insider Ealy Carleton C sold 22,000 shs worth $1.25M. Nicholls Timothy S sold $893,088 worth of International Paper Company (NYSE:IP) or 17,000 shs on Tuesday, August 28.

According to 2018Q2 SEC filling the Zacks Investment Management increased its stake in Intl Paper Co (IP) by 18.6%. The company’s stock declined 8.44% while stock markets rallied as Zacks Investment Management bought 83,528 shares. The paper company announced $27.74M value for the 2018Q2. Now the institutional investor is holding 532,662 shares, compared to the 449,134 from the previous quarter. $18.72B is Intl Paper Co’s market cap. The stock decreased 1.64% or $0.77 during the last trading session, touching $46.22.International Paper Company has 3.72M shares volume, 5.44% up from normal. IP is downtrending and has moved 6.52% since November 10, 2017. IP underperformed by 22.14% the S&P 500.

Zacks Investment Management manages about $3.45B and $4.60B US Long portfolio. Its stake in Moelis & Co (NYSE:MC) was decreased by 54,072 shares to 16,804 shares valued at $986,000 in 2018Q2, according to the filing. Zacks Investment Management has cut its stake in Msci Inc (NYSE:MSCI) and also reduced its holding in Bank Amer Corp (NYSE:BAC) by 171,643 shares in the quarter, for a total of 509,997 shares.

There’s a significant International Paper Company (NYSE:IP) news released by Fool.com. It’s an article titled: “2 Top Stocks Affected by the Trade War to Buy Now” on November 10, 2018.

International Paper Company (NYSE:IP) Ratings Coverage

Total analysts of 9 have positions in International Paper Co (NYSE:IP) as follows: 4 rated it a “Buy”, 1 with “Sell” and 4 with “Hold”. The positive are 44%. Since June 1, 2018 according to StockzIntelligence Inc International Paper Co has 14 analyst reports. In Tuesday, October 9 report BMO Capital Markets downgraded it to “Market Perform” rating and $51 target. On Monday, July 23 the rating was maintained by Citigroup with “Buy”. On Monday, July 9 the rating was maintained by Wells Fargo with “Outperform”. On Wednesday, June 6 the firm has “Buy” rating given by RBC Capital Markets. On Friday, June 1 the firm has “Buy” rating by Wells Fargo given. On Wednesday, October 10 the firm has “Neutral” rating given by Goldman Sachs. The stock rating was maintained by Barclays Capital with “Underweight” on Monday, October 29. On Thursday, October 11 the company was maintained by Citigroup. On Friday, July 27 the firm has “Outperform” rating given by BMO Capital Markets. On Monday, July 30 Barclays Capital maintained International Paper Company (NYSE:IP) rating. Barclays Capital has “Underweight” rating and $52 target.

International Paper Company (NYSE:IP) Institutional Investors Chart

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