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Beach Investment Counsel Has Lowered Its International Paper (IP) Stake; Altaba (AABA) Shorts Increased By 4.95%

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Beach Investment Counsel Inc decreased International Paper (IP) stake by 3.69% reported in 2017Q4 SEC filing. Beach Investment Counsel Inc sold 8,870 shares as International Paper (IP)’s stock declined 10.09%. The Beach Investment Counsel Inc holds 231,380 shares with $13.41 million value, down from 240,250 last quarter. International Paper now has $22.79 billion valuation. The stock increased 2.27% or $1.22 during the last trading session, reaching $55.03. About 4.57M shares traded or 66.09% up from the average. International Paper Company (NYSE:IP) has risen 3.70% since May 17, 2017 and is uptrending. It has underperformed by 7.85% the S&P500.

Altaba Inc (NASDAQ:AABA) had an increase of 4.95% in short interest. AABA’s SI was 26.76M shares in May as released by FINRA. Its up 4.95% from 25.50 million shares previously. With 6.26M avg volume, 4 days are for Altaba Inc (NASDAQ:AABA)’s short sellers to cover AABA’s short positions. The SI to Altaba Inc’s float is 3.92%. The stock increased 0.76% or $0.58 during the last trading session, reaching $77.02. About 2.02M shares traded. Altaba Inc. (NASDAQ:AABA) has risen 57.39% since May 17, 2017 and is uptrending. It has outperformed by 45.84% the S&P500.

More recent Altaba Inc. (NASDAQ:AABA) news were published by: Finance.Yahoo.com which released: “Altaba Inc (NASDAQ:AABA): What Does It Mean For Your Portfolio?” on April 23, 2018. Also Benzinga.com published the news titled: “Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolio” on May 16, 2018. Seekingalpha.com‘s news article titled: “Yahoo successor settles cyberbreach for $35M” with publication date: April 25, 2018 was also an interesting one.

Altaba Inc. operates as a non-diversified, closed-end management investment firm in the United States. The company has market cap of $62.38 billion. The Company’s assets consist primarily of equity investments, short-term debt investments, and cash. It has a 2.57 P/E ratio. The firm was formerly known as Yahoo! Inc. and changed its name to Altaba Inc. in June 2017.

Analysts await International Paper Company (NYSE:IP) to report earnings on July, 26. They expect $1.12 earnings per share, up 72.31% or $0.47 from last year’s $0.65 per share. IP’s profit will be $463.77 million for 12.28 P/E if the $1.12 EPS becomes a reality. After $0.94 actual earnings per share reported by International Paper Company for the previous quarter, Wall Street now forecasts 19.15% EPS growth.

Among 17 analysts covering International Paper Company (NYSE:IP), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. International Paper Company had 72 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by BMO Capital Markets on Friday, July 14. RBC Capital Markets maintained the shares of IP in report on Monday, May 29 with “Buy” rating. BMO Capital Markets maintained the shares of IP in report on Friday, June 9 with “Buy” rating. The firm earned “Buy” rating on Monday, September 18 by Jefferies. The company was maintained on Wednesday, January 10 by Stephens. As per Wednesday, August 31, the company rating was maintained by Citigroup. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by BMO Capital Markets on Thursday, October 19. Deutsche Bank maintained the stock with “Hold” rating in Thursday, September 17 report. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, April 19. The firm earned “Equal-Weight” rating on Friday, January 8 by Barclays Capital.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.22, from 0.95 in 2017Q3. It is positive, as 40 investors sold IP shares while 232 reduced holdings. 86 funds opened positions while 232 raised stakes. 331.84 million shares or 0.61% less from 333.87 million shares in 2017Q3 were reported. Conning Incorporated stated it has 0.04% of its portfolio in International Paper Company (NYSE:IP). State Board Of Administration Of Florida Retirement Systems holds 0.09% or 599,194 shares. Employees Retirement System Of Texas invested in 103,000 shares or 0.08% of the stock. J Goldman And Co LP reported 3,934 shares stake. Moneta Group Inv Advsr Limited Com invested 0% of its portfolio in International Paper Company (NYSE:IP). Catawba Va holds 4,743 shares or 0.06% of its portfolio. Old Mutual Customised Solutions (Proprietary), South Africa-based fund reported 28,100 shares. Public Employees Retirement Systems Of Ohio owns 0.05% invested in International Paper Company (NYSE:IP) for 179,152 shares. Blume Cap Mngmt Incorporated invested in 0.04% or 1,400 shares. 2,430 are owned by Duncker Streett &. Bluecrest Cap Mgmt Ltd holds 0.07% or 43,408 shares. Ibm Retirement Fund holds 0.11% in International Paper Company (NYSE:IP) or 10,373 shares. 29,900 were reported by Brown Advisory. Korea Investment accumulated 163,016 shares. 10 holds 0.12% or 8,415 shares.

International Paper Company (NYSE:IP) Institutional Positions Chart

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