1St Global Advisors Has Boosted Intl Paper Co (IP) Position By $387,960; Unico American (UNAM) Shorts Increased By 138.46%

August 7, 2017 - By wolcottdaily

1St Global Advisors Inc increased Intl Paper Co (IP) stake by 14.97% reported in 2016Q4 SEC filing. 1St Global Advisors Inc acquired 7,320 shares as Intl Paper Co (IP)’s stock declined 1.99%. The 1St Global Advisors Inc holds 56,214 shares with $2.98M value, up from 48,894 last quarter. Intl Paper Co now has $22.33 billion valuation. The stock rose 0.32% or $0.18 reaching $54.08 per share. About 497,851 shares traded. International Paper Co (NYSE:IP) has risen 26.95% since August 7, 2016 and is uptrending. It has outperformed by 10.25% the S&P500.

Unico American Corporation (NASDAQ:UNAM) had an increase of 138.46% in short interest. UNAM’s SI was 3,100 shares in August as released by FINRA. Its up 138.46% from 1,300 shares previously. With 1,700 avg volume, 2 days are for Unico American Corporation (NASDAQ:UNAM)’s short sellers to cover UNAM’s short positions. The SI to Unico American Corporation’s float is 0.16%. About 1,797 shares traded. Unico American Corporation (NASDAQ:UNAM) has declined 17.23% since August 7, 2016 and is downtrending. It has underperformed by 33.93% the S&P500.

1St Global Advisors Inc decreased Ishares Tr (EFA) stake by 39,600 shares to 70,755 valued at $4.09 million in 2016Q4. It also reduced Ishares (EWG) stake by 30,614 shares and now owns 18,781 shares. Fiserv Inc (NASDAQ:FISV) was reduced too.

Investors sentiment decreased to 0.97 in Q4 2016. Its down 0.26, from 1.23 in 2016Q3. It dived, as 64 investors sold IP shares while 255 reduced holdings. 75 funds opened positions while 234 raised stakes. 332.47 million shares or 2.22% more from 325.25 million shares in 2016Q3 were reported. State Street reported 26.16 million shares or 0.13% of all its holdings. Orrstown holds 0.01% or 96 shares in its portfolio. Kcg Holdings stated it has 0.09% in International Paper Co (NYSE:IP). Nelson Roberts Invest Advsr Limited Company owns 500 shares for 0.01% of their portfolio. Livingston Asset (Operating As Southport Capital Management) has 12,597 shares. Yorktown Mgmt Research, a Virginia-based fund reported 5,800 shares. State Of Alaska Department Of Revenue reported 0.16% stake. Next Financial Incorporated, Texas-based fund reported 2,588 shares. Joel Isaacson And Limited Company holds 131 shares. Princeton Strategies Grp Ltd Llc reported 27,242 shares. Commerzbank Aktiengesellschaft Fi holds 0% or 5,266 shares. Nelson Van Denburg And Campbell Wealth Mgmt Group Ltd Liability Corporation holds 0.52% of its portfolio in International Paper Co (NYSE:IP) for 26,464 shares. Deprince Race & Zollo holds 0.62% or 595,235 shares in its portfolio. Bancshares Of The West holds 0.23% in International Paper Co (NYSE:IP) or 30,657 shares. 513,949 are held by Raymond James Assoc.

Since February 8, 2017, it had 0 insider buys, and 7 selling transactions for $6.62 million activity. The insider SIMS JOHN V sold $1,752. On Thursday, February 23 the insider Hoel William P sold $1.18 million. Roberts Carol L sold $1.73M worth of stock or 32,181 shares. Amick W. Michael Jr. had sold 10,351 shares worth $532,663. Shares for $1.32M were sold by Joseph Tommy S on Monday, February 27. 14,500 International Paper Co (NYSE:IP) shares with value of $754,693 were sold by Ribieras JeanMichel.

Among 14 analysts covering International Paper Company (NYSE:IP), 6 have Buy rating, 2 Sell and 6 Hold. Therefore 43% are positive. International Paper Company had 46 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup upgraded the shares of IP in report on Thursday, January 26 to “Buy” rating. The stock of International Paper Co (NYSE:IP) earned “Equal-Weight” rating by Barclays Capital on Friday, January 8. Deutsche Bank maintained International Paper Co (NYSE:IP) rating on Wednesday, August 10. Deutsche Bank has “Hold” rating and $42 target. On Tuesday, September 15 the stock rating was downgraded by Bank of America to “Hold”. Goldman Sachs initiated the shares of IP in report on Thursday, September 22 with “Neutral” rating. The rating was downgraded by DA Davidson to “Neutral” on Friday, February 3. The firm has “Underperform” rating given on Tuesday, October 18 by Macquarie Research. The rating was maintained by RBC Capital Markets on Monday, May 29 with “Buy”. The rating was maintained by Jefferies on Friday, June 2 with “Buy”. The firm has “Hold” rating given on Tuesday, July 11 by KeyBanc Capital Markets.