10-15 Associates Has Increased Abbvie (ABBV) Stake by $619,742 as Market Value Declined; Intl Paper Co Com (IP) Holder Mayo Investment Advisers Lifted Position by $1.76 Million

International Paper Company (NYSE:IP) Logo

Mayo Investment Advisers Llc increased its stake in Intl Paper Co Com (IP) by 61.83% based on its latest 2018Q3 regulatory filing with the SEC. Mayo Investment Advisers Llc bought 36,000 shares as the company’s stock declined 14.62% with the market. The institutional investor held 94,225 shares of the paper company at the end of 2018Q3, valued at $4.63 million, up from 58,225 at the end of the previous reported quarter. Mayo Investment Advisers Llc who had been investing in Intl Paper Co Com for a number of months, seems to be bullish on the $18.15B market cap company. The stock increased 4.92% or $2.1 during the last trading session, reaching $44.81. About 6.79M shares traded or 70.82% up from the average. International Paper Company (NYSE:IP) has declined 21.99% since January 11, 2018 and is downtrending. It has underperformed by 21.99% the S&P500. Some Historical IP News: 15/05/2018 – International Paper at Goldman Sachs Conference Tomorrow; 06/03/2018 – IP PROPOSAL VALUES SMURFIT KAPPA’S CURRENT SHARE CAPITAL €8.6B; 06/03/2018 – SMURFIT KAPPA GROUP SKG.l SAYS RECEIVES UNSOLICITED, HIGHLY OPPORTUNISTIC APPROACH FROM INTERNATIONAL PAPER COMPANY IP.N; 27/04/2018 – International Paper CEO says takeover of Smurfit Kappa not ‘must-do deal’ [07:55 BST27 Apr 2018] [Irish Times] []; 16/05/2018 – INTL PAPER SUPPORT OF IRISH TAKEOVER PANEL TIMELINE; 16/05/2018 – IP SAYS SMURFIT ‘DEPRIVING SHAREHOLDERS’ OF OPPORTUNITY; 06/03/2018 – INTL PAPER CO. STATEMENT ON POSSIBLE OFFER FOR SMURFIT KAPPA; 04/05/2018 – Smurfit Kappa earnings soar as it fights off International Paper interest; 06/03/2018 – International Paper: Smurfit Kappa Shareholders Would Hold 15% of Enlarged Company; 07/03/2018 – MOODY’S: INTL PAPER’S BID TO BUY SMURFIT IS CREDIT NEGATIVE

10-15 Associates Inc increased its stake in Abbvie Inc (ABBV) by 5.54% based on its latest 2018Q3 regulatory filing with the SEC. 10-15 Associates Inc bought 6,593 shares as the company’s stock declined 6.62% with the market. The institutional investor held 125,562 shares of the major pharmaceuticals company at the end of 2018Q3, valued at $11.88M, up from 118,969 at the end of the previous reported quarter. 10-15 Associates Inc who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $132.67 billion market cap company. The stock increased 0.44% or $0.39 during the last trading session, reaching $88.2. About 6.53 million shares traded. AbbVie Inc. (NYSE:ABBV) has declined 7.04% since January 11, 2018 and is downtrending. It has underperformed by 7.04% the S&P500. Some Historical ABBV News: 22/03/2018 – AbbVie in $22bn wipeout after cancer drug results; 15/05/2018 – Rocks Springs Adds AbbVie, Exits Cigna, Cuts PRA Health: 13F; 17/04/2018 – Cyclacel’s CYC065 CDK Inhibitor Demonstrates Synergy With Venetoclax By Dual Targeting Of Chronic Lymphocytic Leukemia; 25/05/2018 – ASTRAZENECA PLC – IMFINZI MET SECOND PRIMARY ENDPOINT OF OVERALL SURVIVAL IN PHASE lll PACIFIC TRIAL; 05/04/2018 – Samsung, Biogen Reach Deal With AbbVie to Sell Near Copy of Humira; 26/04/2018 – ABBVIE 1Q ADJ. EPS $1.87, EST. $1.79; BOOSTS FORECAST; 16/05/2018 – Merck’s Keytruda boosts response in hard-to-treat lung cancer; 26/04/2018 – AbbVie Closes Above 200-Day Moving Average: Technicals; 09/04/2018 – Merck: Keytruda Monotherapy Meets Primary Endpoint in Phase 3 Study; 12/03/2018 – AstraZeneca Says Phase 3 Trial Results for Imfinzi Antibody Delayed

Since August 28, 2018, it had 0 insider purchases, and 3 sales for $1.69 million activity. $893,088 worth of International Paper Company (NYSE:IP) was sold by Nicholls Timothy S. On Wednesday, September 19 Ribieras JeanMichel sold $542,049 worth of International Paper Company (NYSE:IP) or 10,000 shares.

Investors sentiment increased to 1.32 in 2018 Q3. Its up 0.15, from 1.17 in 2018Q2. It increased, as 41 investors sold IP shares while 210 reduced holdings. 83 funds opened positions while 249 raised stakes. 319.50 million shares or 3.11% less from 329.74 million shares in 2018Q2 were reported. Wagner Bowman Management Corp stated it has 8,264 shares or 0.1% of all its holdings. Visionary Asset owns 44,745 shares for 0.71% of their portfolio. Envestnet Asset Mngmt Inc owns 0% invested in International Paper Company (NYSE:IP) for 12,329 shares. D E Shaw Com Inc invested in 0% or 6,962 shares. 159,240 were accumulated by Sg Americas Secs Ltd Liability Corp. Amica Retiree Med Trust accumulated 2,255 shares or 0.09% of the stock. Sumitomo Mitsui Asset Mgmt reported 27,193 shares. Leisure Cap has 11,439 shares for 0.46% of their portfolio. Regent Investment Management Lc owns 0.07% invested in International Paper Company (NYSE:IP) for 4,750 shares. 15,257 are owned by Fdx. State Board Of Administration Of Florida Retirement Systems holds 0.07% or 560,679 shares in its portfolio. Tower Research Capital Limited Liability Corporation (Trc) accumulated 18,191 shares or 0.07% of the stock. Laurion Capital Ltd Partnership accumulated 9,799 shares. Patten Patten Tn invested in 4,242 shares. Shamrock Asset Limited Liability Company stated it has 0.01% of its portfolio in International Paper Company (NYSE:IP).

More recent International Paper Company (NYSE:IP) news were published by: Streetinsider.com which released: “International Paper Company (IP), Others Gain as Georgia-Pacific To Exit Communication Papers Business – StreetInsider.com” on January 10, 2019. Also Seekingalpha.com published the news titled: “International Paper: Get The Dividend While You Can – Seeking Alpha” on December 27, 2018. Seekingalpha.com‘s news article titled: “Wells Fargo warns on containerboard prices – Seeking Alpha” with publication date: January 09, 2019 was also an interesting one.

Among 19 analysts covering International Paper Company (NYSE:IP), 8 have Buy rating, 2 Sell and 9 Hold. Therefore 42% are positive. International Paper Company had 87 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 18 by BMO Capital Markets. The company was maintained on Thursday, January 11 by RBC Capital Markets. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, October 9 report. RBC Capital Markets maintained it with “Buy” rating and $65.0 target in Sunday, August 20 report. KeyBanc Capital Markets maintained International Paper Company (NYSE:IP) on Thursday, June 29 with “Hold” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, July 11 with “Hold”. The stock has “Market Perform” rating by Wells Fargo on Wednesday, March 7. The company was maintained on Monday, October 30 by Barclays Capital. The company was maintained on Friday, November 24 by BMO Capital Markets. The firm has “Hold” rating by KeyBanc Capital Markets given on Thursday, July 27.

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: Seekingalpha.com which released: “AbbVie boosts stock buybacks by $5B – Seeking Alpha” on December 13, 2018, also Seekingalpha.com with their article: “60 Minutes to air piece on opioid drugmakers and distributors Sunday – Seeking Alpha” published on December 14, 2018, Seekingalpha.com published: “AbbVie teams up with Voluntis in companion digital therapeutics – Seeking Alpha” on December 19, 2018. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Seekingalpha.com and their article: “AbbVie revamps senior management – Seeking Alpha” published on December 17, 2018 as well as Seekingalpha.com‘s news article titled: “Pfizer withdraws European marketing application for Humira biosimilar – Seeking Alpha” with publication date: December 14, 2018.

Since August 17, 2018, it had 0 buys, and 6 sales for $26.66 million activity. 60,000 shares were sold by CHASE WILLIAM J, worth $5.40 million. The insider SEVERINO MICHAEL sold $4.88 million. Shares for $3.82 million were sold by Gosebruch Henry O. 16,850 AbbVie Inc. (NYSE:ABBV) shares with value of $1.50 million were sold by GONZALEZ RICHARD A.

Among 26 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Abbvie Inc had 105 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Monday, October 31. The company was upgraded on Wednesday, October 11 by Cowen & Co. The firm earned “Buy” rating on Wednesday, August 22 by Bank of America. The firm earned “Buy” rating on Friday, August 18 by Jefferies. The rating was downgraded by Credit Suisse on Wednesday, May 30 to “Underperform”. The firm has “Outperform” rating given on Monday, October 30 by Leerink Swann. The stock of AbbVie Inc. (NYSE:ABBV) earned “Underperform” rating by BMO Capital Markets on Tuesday, January 30. The rating was maintained by Cowen & Co on Tuesday, September 5 with “Hold”. Cowen & Co maintained AbbVie Inc. (NYSE:ABBV) rating on Friday, July 28. Cowen & Co has “Hold” rating and $7000 target. BMO Capital Markets maintained it with “Hold” rating and $63 target in Wednesday, April 19 report.

10-15 Associates Inc, which manages about $592.54 million and $446.37 million US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 2,773 shares to 110,639 shares, valued at $15.29 million in 2018Q3, according to the filing. It also reduced its holding in Spdr Dow Jones Indl Avrg Etf (DIA) by 1,249 shares in the quarter, leaving it with 5,111 shares, and cut its stake in Vanguard Intl Equity Index F (VGK).

International Paper Company (NYSE:IP) Institutional Positions Chart

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