Cornerstone Investment Partners Has Lowered Spirit Aerosystems Holdings (SPR) Stake by $8.22 Million; Market Value Declined; As Intl Paper Co (IP) Share Value Declined, Conning Lifted by $413,820 Its Holding

May 19, 2018 - By Neil V. Hobbs

International Paper Company (NYSE:IP) Logo

Cornerstone Investment Partners Llc decreased its stake in Spirit Aerosystems Holdings (SPR) by 13.61% based on its latest 2017Q4 regulatory filing with the SEC. Cornerstone Investment Partners Llc sold 94,536 shares as the company’s stock declined 3.86% with the market. The institutional investor held 599,820 shares of the capital goods company at the end of 2017Q4, valued at $52.33M, down from 694,356 at the end of the previous reported quarter. Cornerstone Investment Partners Llc who had been investing in Spirit Aerosystems Holdings for a number of months, seems to be less bullish one the $9.88 billion market cap company. The stock increased 1.41% or $1.21 during the last trading session, reaching $86.83. About 610,354 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 46.91% since May 19, 2017 and is uptrending. It has outperformed by 35.36% the S&P500.

Conning Inc increased its stake in Intl Paper Co (IP) by 59.03% based on its latest 2017Q4 regulatory filing with the SEC. Conning Inc bought 7,260 shares as the company’s stock declined 10.09% with the market. The institutional investor held 19,558 shares of the paper company at the end of 2017Q4, valued at $1.13M, up from 12,298 at the end of the previous reported quarter. Conning Inc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $22.76 billion market cap company. The stock decreased 0.18% or $0.1 during the last trading session, reaching $54.96. About 2.15M shares traded. International Paper Company (NYSE:IP) has risen 3.70% since May 19, 2017 and is uptrending. It has underperformed by 7.85% the S&P500.

Investors sentiment increased to 1.17 in 2017 Q4. Its up 0.22, from 0.95 in 2017Q3. It increased, 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. 1832 Asset Mgmt Limited Partnership owns 60 shares or 0% of their US portfolio. Patten Grp accumulated 3,101 shares. Janney Montgomery Scott Limited reported 156,892 shares or 0.09% of all its holdings. First City Cap Inc holds 0.36% of its portfolio in International Paper Company (NYSE:IP) for 9,065 shares. Wells Fargo Mn owns 0.19% invested in International Paper Company (NYSE:IP) for 11.42 million shares. Kentucky Retirement holds 0.11% or 25,462 shares. Eastern Commercial Bank invested in 0.16% or 40,574 shares. 7,915 were reported by Mastrapasqua Asset Mgmt. Davenport Co Ltd Liability Corp reported 0.6% of its portfolio in International Paper Company (NYSE:IP). Parametrica Mngmt Limited has invested 0.24% in International Paper Company (NYSE:IP). Evercore Wealth Mgmt Limited Liability Company holds 0.03% of its portfolio in International Paper Company (NYSE:IP) for 11,626 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.03% in International Paper Company (NYSE:IP). Rockefeller Svcs has invested 0% in International Paper Company (NYSE:IP). Caxton Ltd Partnership has 73,700 shares. Manchester Cap Mgmt Ltd Liability Com reported 3,277 shares or 0.03% of all its holdings.

More recent International Paper Company (NYSE:IP) news were published by: Seekingalpha.com which released: “International Paper (IP) Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Also Seekingalpha.com published the news titled: “Are International Paper’s Best Days Behind It?” on May 16, 2018. Seekingalpha.com‘s news article titled: “IP won’t go hostile path for Smurfit Kappa” with publication date: May 16, 2018 was also an interesting one.

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 has “Buy” rating by Wells Fargo on Friday, September 22. The stock of International Paper Company (NYSE:IP) has “Neutral” rating given on Thursday, September 22 by Goldman Sachs. Citigroup upgraded the shares of IP in report on Thursday, January 26 to “Buy” rating. The stock of International Paper Company (NYSE:IP) has “Hold” rating given on Tuesday, July 11 by KeyBanc Capital Markets. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by Bank of America on Tuesday, January 2. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by Wells Fargo on Monday, January 8. The rating was maintained by Bank of America on Thursday, February 1 with “Buy”. On Monday, May 2 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Credit Suisse downgraded International Paper Company (NYSE:IP) rating on Thursday, April 28. Credit Suisse has “Neutral” rating and $47 target. The firm has “Sector Perform” rating given on Monday, April 25 by RBC Capital Markets.

Conning Inc, which manages about $80.03 billion and $3.03 billion US Long portfolio, decreased its stake in Travelers Companies Inc (NYSE:TRV) by 25,812 shares to 213,094 shares, valued at $28.90M in 2017Q4, according to the filing. It also reduced its holding in Automatic Data Processing In (NASDAQ:ADP) by 9,686 shares in the quarter, leaving it with 250,659 shares, and cut its stake in Magellan Midstream Prtnrs Lp (NYSE:MMP).

More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Bizjournals.com which released: “Weather stalls Spirit Aerosystems in Kinston” on May 07, 2018, also Fool.com with their article: “3 Ways The Boeing Company Is Making Money for Investors” published on May 16, 2018, Seekingalpha.com published: “Spirit AeroSystems Holdings (SPR) Q1 2018 Results – Earnings Call Transcript” on May 02, 2018. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Bizjournals.com and their article: “Slideshow: See who has the most Boeing aircraft on order” published on May 18, 2018 as well as Seekingalpha.com‘s news article titled: “Spirit AeroSystems: Undervalued Aerospace Play” with publication date: April 25, 2018.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on August, 1. They expect $1.54 earnings per share, down 1.91% or $0.03 from last year’s $1.57 per share. SPR’s profit will be $175.23M for 14.10 P/E if the $1.54 EPS becomes a reality. After $1.10 actual earnings per share reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Cornerstone Investment Partners Llc, which manages about $8.61 billion and $4.60B US Long portfolio, upped its stake in Alphabet Inc Class A by 1,826 shares to 182,142 shares, valued at $191.87 million in 2017Q4, according to the filing. It also increased its holding in Murphy Oil Corp. (NYSE:MUR) by 24,000 shares in the quarter, for a total of 99,714 shares, and has risen its stake in Taiwan Semiconductor (NYSE:TSM).

International Paper Company (NYSE:IP) Institutional Positions Chart

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