Advisor Limited Liability Company holds 0.11% of its portfolio in International Paper Co (NYSE:IP) for 6,744 shares. The firm owned 10,186 shares of the basic materials company's stock after buying an additional 501 shares during the period. Seaward Management Limited Partnership's holdings in International Paper were worth $521,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. IL raised its stake in International Paper by 0.5% in the first quarter. Hefty Wealth Partners now owns 3,168 shares of the basic materials company's stock valued at $160,000 after buying an additional 3,098 shares in the last quarter. Trust Co now owns 6,432 shares of the basic materials company's stock worth $341,000 after buying an additional 190 shares during the last quarter. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of International Paper during the first quarter worth about $172,000. Macquarie Group Ltd. raised its position in shares of Neenah Paper by 7.5% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 355,123 shares of the basic materials company's stock worth $18,033,000 after buying an additional 10,901 shares during the last quarter. Iridian Asset Management LLC CT raised its position in International Paper by 149.4% in the first quarter. Iridian Asset Management LLC CT now owns 3,745,820 shares of the basic materials company's stock worth $190,213,000 after buying an additional 2,243,965 shares during the period.
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The share price of Neenah Paper, Inc. The stock decreased 1.06% or $0.57 during the last trading session, reaching $53.41.
Grimes & Company Inc decreased International Paper Company (IP) stake by 23.12% reported in 2016Q4 SEC filing. The stock's 50 day moving average price is $56.47 and its 200 day moving average price is $53.68.
$121,580 worth of International Paper Co (NYSE:IP) shares were sold by SIMS JOHN V. 14,500 shares were sold by Ribieras JeanMichel, worth $754,693 on Wednesday, February 22. In the last earnings report the EPS was $1.97 and is expected to be $3.47 for the current year with 421,052,000 shares now outstanding. The firm had revenue of $5.77 billion for the quarter, compared to analysts' expectations of $5.72 billion. During the same period previous year, the company earned $0.92 earnings per share. International Paper's revenue for the quarter was up 8.5% on a year-over-year basis. Equities analysts anticipate that International Paper Company will post $3.47 EPS for the current fiscal year.
Neenah Paper announced that its Board of Directors has approved a stock buyback program on Thursday, May 25th that authorizes the company to repurchase $25.00 million in shares.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.4625 per share. The ex-dividend date of this dividend is Wednesday, August 16th. Based on the stock's volatility for the week, which is a statistical measure of the dispersion of returns for a given stock and represents average daily high/low percentage range of 3.22% and month of 1.98%. International Paper's payout ratio is 93.91%. Allianz Asset Mngmt Ag has invested 0.04% in Neenah Paper, Inc. "(NP)" was originally published by TheOlympiaReport and is the property of of TheOlympiaReport. If you are viewing this piece of content on another publication, it was stolen and republished in violation of USA & worldwide copyright & trademark law. The legal version of this piece can be read at https://theolympiareport.com/2017/08/09/teachers-retirement-system-of-the-state-of-kentucky-maintains-position-in-neenah-paper-inc-np-updated.html.
IP has been the topic of a number of analyst reports. BidaskClub upgraded Neenah Paper from a "strong sell" rating to a "sell" rating in a research report on Monday, July 31st. ValuEngine cut Neenah Paper from a "buy" rating to a "hold" rating in a research report on Saturday, May 27th.
In other International Paper news, insider Gregory T. Wanta sold 1,044 shares of the stock in a transaction on Tuesday, August 1st.
Stock market analysts and brokers have recently amended their target prices on shares of Neenah Paper, Inc. Following the completion of the transaction, the chief financial officer now directly owns 2,519 shares in the company, valued at $204,039. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Larry Newton Brownlee sold 1,450 shares of the firm's stock in a transaction dated Monday, June 5th. The stock was sold at an average price of $83.50, for a total value of $37,324.50. Corporate insiders own 0.64% of the company's stock. Its segments consist of Technical Products, Fine Paper and Packaging, and Other. The Company's divisions include Industrial Packaging, Global Cellulose Fibers, Printing Papers and Consumer Packaging. The technical products business is an worldwide producer of transportation, water and other filter media and durable, saturated and coated substrates.