As Simon Property Group (SPG) Shares Declined, Shareholder Thomas White International LTD Cut Its Holding; As International Paper Co (IP) Stock Declined, Shareholder Snow Capital Management LP Lowered Its Holding by $4.57 Million

January 14, 2018 - By Nellie Frank

Snow Capital Management Lp decreased its stake in International Paper Co (IP) by 7.04% based on its latest 2017Q3 regulatory filing with the SEC. Snow Capital Management Lp sold 81,624 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 1.08 million shares of the paper company at the end of 2017Q3, valued at $61.20 million, down from 1.16 million at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in International Paper Co for a number of months, seems to be less bullish one the $25.71 billion market cap company. The stock increased 0.05% or $0.03 during the last trading session, reaching $62.26. About 2.23M shares traded or 16.62% up from the average. International Paper Company (NYSE:IP) has risen 26.95% since January 14, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Thomas White International Ltd decreased its stake in Simon Property Group Inc (SPG) by 51.34% based on its latest 2017Q3 regulatory filing with the SEC. Thomas White International Ltd sold 3,070 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 2,910 shares of the consumer services company at the end of 2017Q3, valued at $469,000, down from 5,980 at the end of the previous reported quarter. Thomas White International Ltd who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $59.27B market cap company. The stock increased 0.41% or $0.68 during the last trading session, reaching $165.51. About 1.24M shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 14, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

Snow Capital Management Lp, which manages about $3.43 billion and $2.07B US Long portfolio, upped its stake in Qualcomm Inc (NASDAQ:QCOM) by 17,146 shares to 818,001 shares, valued at $42.41 million in 2017Q3, according to the filing. It also increased its holding in Skechers U.S.A. Inc (NYSE:SKX) by 252,919 shares in the quarter, for a total of 2.40M shares, and has risen its stake in Bankunited Inc (NYSE:BKU).

Analysts await International Paper Company (NYSE:IP) to report earnings on February, 1 before the open. They expect $1.19 EPS, up 63.01% or $0.46 from last year’s $0.73 per share. IP’s profit will be $491.39 million for 13.08 P/E if the $1.19 EPS becomes a reality. After $1.08 actual EPS reported by International Paper Company for the previous quarter, Wall Street now forecasts 10.19% EPS growth.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It worsened, as 37 investors sold IP shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. Thrivent For Lutherans stated it has 0.01% in International Paper Company (NYSE:IP). Cubic Asset Management Limited Liability Company, Massachusetts-based fund reported 82,095 shares. Wells Fargo & Mn has 11.00M shares for 0.19% of their portfolio. Meyer Handelman invested 0.74% in International Paper Company (NYSE:IP). United Cap Financial Advisers holds 16,782 shares or 0.01% of its portfolio. Eaton Vance Management has invested 0.37% in International Paper Company (NYSE:IP). Pictet Asset Mngmt reported 0.16% stake. Advisors Asset Management Inc holds 0.09% or 97,909 shares. Mutual Of Omaha Bank Wealth Mgmt reported 17,007 shares stake. Ngam Advisors LP owns 86,414 shares for 0.05% of their portfolio. City has 0.08% invested in International Paper Company (NYSE:IP). Moreover, Apg Asset Nv has 0.23% invested in International Paper Company (NYSE:IP). Massachusetts-based Fmr Ltd Limited Liability Company has invested 0% in International Paper Company (NYSE:IP). Mraz Amerine & Assoc Inc invested 0.26% in International Paper Company (NYSE:IP). Intl Grp Incorporated stated it has 171,963 shares.

Since August 1, 2017, it had 0 insider buys, and 1 sale for $57,654 activity.

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 63 analyst reports since August 4, 2015 according to SRatingsIntel. Jefferies maintained the shares of IP in report on Friday, June 2 with “Buy” rating. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by Jefferies on Thursday, April 13. The company was upgraded on Tuesday, January 2 by Bank of America. Wells Fargo maintained the shares of IP in report on Friday, September 22 with “Buy” rating. The stock of International Paper Company (NYSE:IP) earned “Outperform” rating by RBC Capital Markets on Wednesday, April 19. The stock has “Buy” rating by Jefferies on Tuesday, July 4. The stock has “Hold” rating by Stephens on Wednesday, January 10. The stock has “Buy” rating by Jefferies on Wednesday, August 16. The firm has “Neutral” rating given on Friday, October 27 by Credit Suisse. The rating was maintained by Wells Fargo on Monday, January 8 with “Buy”.

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.22, from 0.76 in 2017Q2. It increased, as 57 investors sold SPG shares while 202 reduced holdings. 61 funds opened positions while 194 raised stakes. 297.03 million shares or 0.55% less from 298.66 million shares in 2017Q2 were reported. State Treasurer State Of Michigan reported 0.12% stake. Corda Inv Management Ltd Liability accumulated 39,694 shares. Franklin Resources reported 555,387 shares. Stock Yards Bancshares And Trust Commerce has 1,313 shares for 0.02% of their portfolio. Moreover, Landscape Limited Liability Corporation has 0.46% invested in Simon Property Group, Inc. (NYSE:SPG) for 28,381 shares. American Century Companies stated it has 705,162 shares. Loring Wolcott Coolidge Fiduciary Llp Ma has invested 0.01% in Simon Property Group, Inc. (NYSE:SPG). Virginia Retirement Et Al owns 352,977 shares. Echo Street Cap Management Ltd Llc, New York-based fund reported 65,195 shares. Apg Asset Mngmt Nv holds 81,745 shares or 0.02% of its portfolio. 2.43 million were accumulated by Ubs Asset Mgmt Americas Inc. Tiaa Cref Inv Management Lc stated it has 0.13% in Simon Property Group, Inc. (NYSE:SPG). Nippon Life Invsts Americas Incorporated invested 1.49% in Simon Property Group, Inc. (NYSE:SPG). Massachusetts Financial Svcs Ma has invested 0.06% in Simon Property Group, Inc. (NYSE:SPG). Cornerstone Advisors Inc owns 745 shares for 0.08% of their portfolio.

Thomas White International Ltd, which manages about $2.28B and $572.21M US Long portfolio, upped its stake in Shire Plc Adr (NASDAQ:SHPG) by 11,453 shares to 21,407 shares, valued at $3.28M in 2017Q3, according to the filing. It also increased its holding in Smc Corp Japan Adr (SMCAY) by 59,586 shares in the quarter, for a total of 232,889 shares, and has risen its stake in Pt Astra Intl Tbk Adr (PTAIY).

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