Rodgers Brothers Has Cut Stake in International Paper Co (IP) as Share Value Declined; Wisdomtree Invts (WETF) Stock Value Rose While Brookside Capital Management Cut Position

June 18, 2018 - By Clifton Ray

WisdomTree Investments, Inc. (NASDAQ:WETF) Logo

Rodgers Brothers Inc decreased its stake in International Paper Co (IP) by 34.76% based on its latest 2018Q1 regulatory filing with the SEC. Rodgers Brothers Inc sold 7,830 shares as the company’s stock declined 10.63% with the market. The institutional investor held 14,693 shares of the paper company at the end of 2018Q1, valued at $785,000, down from 22,523 at the end of the previous reported quarter. Rodgers Brothers Inc who had been investing in International Paper Co for a number of months, seems to be less bullish one the $22.95 billion market cap company. The stock decreased 2.48% or $1.41 during the last trading session, reaching $55.43. About 6.76M shares traded or 132.74% up from the average. International Paper Company (NYSE:IP) has risen 3.78% since June 18, 2017 and is uptrending. It has underperformed by 8.79% the S&P500. Some Historical IP News: 06/03/2018 SMURFIT KAPPA GROUP PLC – RECEIVED AN UNSOLICITED PROPOSAL FROM INTERNATIONAL PAPER COMPANY; 06/03/2018 – Smurfit Kappa Rejects Bid From International Paper Co; 16/05/2018 – IP CFO SAYS COMPANY HAS STILL HAD NO ENGAGEMENT FROM SMURFIT; 16/03/2018 – Moody’s Affirms Six Classes of WFCM 2017-RC1; 24/05/2018 – SMURFIT KAPPA CEO SAYS UNANIMOUS POSITION OF BOARD ON UNSOLICITED INTERNATIONAL PAPER APPROACH HAS BEEN CLEARLY OUTLINED; 16/05/2018 – INTERNATIONAL PAPER – IRISH TAKEOVER PANEL SAYS CO HAS UNTIL 6 JUNE, 2018 TO ANNOUNCE WHETHER IT WILL OR WILL NOT MAKE A BINDING OFFER FOR SMURFIT KAPPA; 26/04/2018 – International Paper 1Q Adj EPS 94c; 24/05/2018 – International Paper Presenting at Conference Jun 14; 26/03/2018 – Smurfit Kappa Rejects $11B International Paper Offer (Video); 06/03/2018 – International Paper Confirms Submitting Proposal to Acquire Entire Issued and to Be Issued Share Capital of Smurfit Kappa

Bain Capital decreased its stake in Wisdomtree Invts Inc (WETF) by 28.01% based on its latest 2018Q1 regulatory filing with the SEC. Brookside Capital Management Llc sold 367,022 shares as the company’s stock rose 9.38% while stock markets declined. The hedge fund run by Bain Capital held 943,244 shares of the finance company at the end of 2018Q1, valued at $8.65M, down from 1.31M at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Wisdomtree Invts Inc for a number of months, seems to be less bullish one the $1.64 billion market cap company. The stock increased 0.09% or $0.01 during the last trading session, reaching $10.82. About 699,735 shares traded. WisdomTree Investments, Inc. (NASDAQ:WETF) has risen 17.54% since June 18, 2017 and is uptrending. It has outperformed by 4.97% the S&P500. Some Historical WETF News: 12/03/2018 – WisdomTree Europe SmallCap Dividend Fund Above 50-D-MA; 27/04/2018 – WISDOM TREE INVESTMENTS INC – U.S. LISTED ETF AUM WAS $42.9 BLN AT MARCH 31, 2018, DOWN 8.4% FROM DECEMBER 31, 2017; 10/04/2018 – WisdomTree International SmallCap Dividend Fund Above 50-D-MA; 09/03/2018 – WisdomTree US High Dividend Fund Closes Above 200D-MA; 11/04/2018 – WisdomTree Japan Hedged Financials Fund Closes Above 50D-MA; 27/04/2018 – WisdomTree Investments 1Q EPS 7c; 20/03/2018 – WisdomTree ETFs Declare Distributions; 16/04/2018 – WisdomTree US High Dividend Fund Goes Above 50-D-MA: Technicals; 22/03/2018 – WisdomTree US Total Dividend Fund Closes Below 200-Day MA; 09/03/2018 – WisdomTree Emerging Markets SmallCap Dividend Fund Above 50D-MA

Since February 5, 2018, it had 1 buying transaction, and 7 selling transactions for $10.77 million activity. $204,647 worth of stock was bought by MacAlpine Kurt on Monday, February 5. 25,000 shares valued at $262,888 were sold by Abner David J. on Tuesday, February 20. 81,663 shares were sold by Steinberg Jonathan L, worth $828,814.

Brookside Capital Management Llc, which manages about $1.37 billion US Long portfolio, upped its stake in Hilton Worldwide Hldgs Inc by 768,516 shares to 775,016 shares, valued at $61.04M in 2018Q1, according to the filing. It also increased its holding in Allegheny Technologies Inc (NYSE:ATI) by 322,960 shares in the quarter, for a total of 325,460 shares, and has risen its stake in Altaba Inc.

More recent WisdomTree Investments, Inc. (NASDAQ:WETF) news were published by: Globenewswire.com which released: “WisdomTree ETFs Declare Distributions” on May 22, 2018. Also Globenewswire.com published the news titled: “Market Trends Toward New Normal in WisdomTree Investments, ePlus inc, Mettler-Toledo International, Lakeland, EP …” on May 30, 2018. Nasdaq.com‘s news article titled: “WisdomTree Adds Chris Gardner, Author of “The Pursuit of Happyness,” as Senior Advisor to the Firm” with publication date: June 12, 2018 was also an interesting one.

Among 13 analysts covering WisdomTree Investments (NASDAQ:WETF), 5 have Buy rating, 3 Sell and 5 Hold. Therefore 38% are positive. WisdomTree Investments had 61 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Tuesday, March 6. As per Tuesday, February 6, the company rating was maintained by Citigroup. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) has “Buy” rating given on Friday, April 6 by Deutsche Bank. The company was maintained on Monday, April 30 by Credit Suisse. The stock of WisdomTree Investments, Inc. (NASDAQ:WETF) earned “Buy” rating by Keefe Bruyette & Woods on Monday, April 30. The stock has “Buy” rating by Citigroup on Tuesday, October 31. Jefferies maintained the shares of WETF in report on Wednesday, June 28 with “Buy” rating. On Thursday, August 6 the stock rating was upgraded by Zacks to “Hold”. Deutsche Bank downgraded the shares of WETF in report on Wednesday, May 16 to “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Monday, September 18 with “Sell”.

Analysts await WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings on July, 27. They expect $0.09 earnings per share, 0.00% or $0.00 from last year’s $0.09 per share. WETF’s profit will be $13.62 million for 30.06 P/E if the $0.09 EPS becomes a reality. After $0.08 actual earnings per share reported by WisdomTree Investments, Inc. for the previous quarter, Wall Street now forecasts 12.50% EPS growth.

Investors sentiment decreased to 1.18 in Q1 2018. Its down 0.01, from 1.19 in 2017Q4. It fall, as 25 investors sold WETF shares while 55 reduced holdings. 34 funds opened positions while 60 raised stakes. 105.18 million shares or 7.88% less from 114.18 million shares in 2017Q4 were reported. Permanens Lp, New York-based fund reported 30,000 shares. Louisiana State Employees Retirement System owns 51,300 shares. 60,176 were reported by Rothschild Investment Corp Il. Public Employees Retirement Association Of Colorado has invested 0% in WisdomTree Investments, Inc. (NASDAQ:WETF). Principal Financial Group Inc invested 0.01% of its portfolio in WisdomTree Investments, Inc. (NASDAQ:WETF). 4,200 are held by Carroll Fincl Associates. Clearbridge Investments Llc owns 0.04% invested in WisdomTree Investments, Inc. (NASDAQ:WETF) for 4.85 million shares. Gsa Capital Prtnrs Ltd Liability Partnership, a United Kingdom-based fund reported 44,200 shares. Royal Bank & Trust Of Canada reported 291,670 shares. Symons holds 15,433 shares. Private Advisor Gru Ltd Co holds 32,437 shares or 0.01% of its portfolio. New York State Common Retirement Fund stated it has 0% in WisdomTree Investments, Inc. (NASDAQ:WETF). Missouri-based Cutter Brokerage has invested 0.23% in WisdomTree Investments, Inc. (NASDAQ:WETF). 592,807 are held by Agf Invests. Trexquant Limited Partnership holds 24,042 shares or 0.02% of its portfolio.

Analysts await International Paper Company (NYSE:IP) to report earnings on July, 26. They expect $1.12 EPS, up 72.31% or $0.47 from last year’s $0.65 per share. IP’s profit will be $463.78 million for 12.37 P/E if the $1.12 EPS becomes a reality. After $0.94 actual EPS reported by International Paper Company for the previous quarter, Wall Street now forecasts 19.15% EPS growth.

Rodgers Brothers Inc, which manages about $300.54M and $306.22M US Long portfolio, upped its stake in Duke Energy Corp (NYSE:DUK) by 4,505 shares to 9,212 shares, valued at $714,000 in 2018Q1, according to the filing. It also increased its holding in Procter & Gamble Co (NYSE:PG) by 3,823 shares in the quarter, for a total of 102,931 shares, and has risen its stake in Campbell Soup Co (NYSE:CPB).

More news for International Paper Company (NYSE:IP) were recently published by: Streetinsider.com, which released: “UPDATE: Deutsche Bank Resumes International Paper (IP) at Hold, Sees Compelling NT Opportunities” on June 18, 2018. Seekingalpha.com‘s article titled: “International Paper: Buy The Record Growth” and published on June 05, 2018 is yet another important article.

Since June 14, 2018, it had 0 buys, and 1 insider sale for $1.25 million activity.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.19, from 1.17 in 2017Q4. It dived, as 65 investors sold IP shares while 238 reduced holdings. 86 funds opened positions while 212 raised stakes. 332.80 million shares or 0.29% more from 331.84 million shares in 2017Q4 were reported. Trustmark Bank Tru Department holds 0.1% in International Paper Company (NYSE:IP) or 17,674 shares. Price T Rowe Inc Md owns 23.82M shares or 0.2% of their US portfolio. Wellington Shields Ltd Co holds 0.12% of its portfolio in International Paper Company (NYSE:IP) for 7,500 shares. Winslow Evans & Crocker invested in 0% or 11,740 shares. 8,295 are held by Boston Advsrs Limited Liability Corporation. Bnp Paribas Asset Mngmt Holdg holds 9,875 shares. Strategy Asset Managers Limited Liability Company has invested 2.23% in International Paper Company (NYSE:IP). Teacher Retirement Sys Of Texas has 86,882 shares for 0.03% of their portfolio. Peoples Financial Services invested in 830 shares or 0.03% of the stock. Checchi Capital Advisers Limited Co reported 5,002 shares or 0.04% of all its holdings. James Invest Research has 31,970 shares. Alphaone Inv Limited Liability Corp holds 0.01% of its portfolio in International Paper Company (NYSE:IP) for 856 shares. Macquarie has invested 0% of its portfolio in International Paper Company (NYSE:IP). Invesco Limited invested in 10.55 million shares. Ima Wealth stated it has 0.96% of its portfolio in International Paper Company (NYSE:IP).

Among 17 analysts covering International Paper Company (NYSE:IP), 10 have Buy rating, 2 Sell and 5 Hold. Therefore 59% are positive. International Paper Company had 75 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets on Wednesday, June 6 to “Buy”. Wells Fargo upgraded it to “Buy” rating and $7000 target in Friday, June 1 report. The firm earned “Hold” rating on Tuesday, April 17 by RBC Capital Markets. On Thursday, July 27 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The stock of International Paper Company (NYSE:IP) has “Buy” rating given on Wednesday, August 16 by Jefferies. Barclays Capital maintained the shares of IP in report on Monday, February 12 with “Underweight” rating. The firm has “Neutral” rating given on Tuesday, August 25 by Buckingham Research. The firm has “Buy” rating given on Monday, January 8 by Wells Fargo. The rating was downgraded by RBC Capital Markets on Monday, April 25 to “Sector Perform”. Goldman Sachs upgraded International Paper Company (NYSE:IP) on Thursday, July 13 to “Buy” rating.

WisdomTree Investments, Inc. (NASDAQ:WETF) Institutional Positions Chart

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