As Intl Paper Co (IP) Stock Price Declined, Oppenheimer & Company Boosted Holding; Torchmark (TMK) Shareholder Montgomery Investment Management Has Lifted Its Holding

December 17, 2017 - By Peter Erickson

Oppenheimer & Company Inc increased its stake in Intl Paper Co (IP) by 21.67% based on its latest 2017Q2 regulatory filing with the SEC. Oppenheimer & Company Inc bought 9,093 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 51,063 shares of the paper company at the end of 2017Q2, valued at $2.89 million, up from 41,970 at the end of the previous reported quarter. Oppenheimer & Company Inc who had been investing in Intl Paper Co for a number of months, seems to be bullish on the $23.04B market cap company. The stock decreased 1.19% or $0.67 during the last trading session, reaching $55.81. About 685,240 shares traded. International Paper Company (NYSE:IP) has risen 26.95% since December 17, 2016 and is uptrending. It has outperformed by 10.25% the S&P500.

Montgomery Investment Management Inc increased its stake in Torchmark Corporation (TMK) by 57.42% based on its latest 2017Q2 regulatory filing with the SEC. Montgomery Investment Management Inc bought 29,757 shares as the company’s stock declined 3.57% while stock markets rallied. The institutional investor held 81,579 shares of the life insurance company at the end of 2017Q2, valued at $6.24M, up from 51,822 at the end of the previous reported quarter. Montgomery Investment Management Inc who had been investing in Torchmark Corporation for a number of months, seems to be bullish on the $10.35B market cap company. The stock increased 0.84% or $0.75 during the last trading session, reaching $89.61. About 991,492 shares traded or 122.08% up from the average. Torchmark Corporation (NYSE:TMK) has risen 25.88% since December 17, 2016 and is uptrending. It has outperformed by 9.18% the S&P500.

Since August 9, 2017, it had 0 buys, and 14 sales for $26.47 million activity. $4.41 million worth of stock was sold by LUTEK BEN on Thursday, October 26. ZUCCONI PAUL J had sold 595 shares worth $50,616. MAJORS MICHAEL CLAY also sold $635,294 worth of Torchmark Corporation (NYSE:TMK) on Thursday, October 26. ADAIR CHARLES E also sold $729,233 worth of Torchmark Corporation (NYSE:TMK) shares. PRESSLEY W MICHAEL sold $4.41M worth of Torchmark Corporation (NYSE:TMK) on Thursday, October 26. MITCHELL ROBERT BRIAN had sold 18,750 shares worth $1.59M on Thursday, October 26.

Investors sentiment increased to 0.89 in 2017 Q2. Its up 0.07, from 0.82 in 2017Q1. It is positive, as 15 investors sold TMK shares while 159 reduced holdings. 49 funds opened positions while 105 raised stakes. 80.55 million shares or 3.85% less from 83.78 million shares in 2017Q1 were reported. First Quadrant LP Ca reported 379,419 shares. Veritable Lp, a Pennsylvania-based fund reported 4,687 shares. Us Comml Bank De reported 39,886 shares or 0.01% of all its holdings. Atlantic Group Ltd Liability holds 50,113 shares or 0.02% of its portfolio. Palisade Asset Mgmt Llc has 7,617 shares for 0.11% of their portfolio. Bbva Compass Commercial Bank invested in 0.05% or 10,525 shares. Two Sigma Securities Ltd holds 2,675 shares. Montag A Assocs has invested 0.06% in Torchmark Corporation (NYSE:TMK). 475,542 are held by Bnp Paribas Arbitrage. Los Angeles Capital & Equity Rech Inc invested in 0.02% or 37,026 shares. Point72 Asia (Hong Kong) Ltd, Hong Kong-based fund reported 23 shares. The Alabama-based Welch Limited Liability Corp has invested 0.35% in Torchmark Corporation (NYSE:TMK). Artisan Ptnrs Lp has 2.12M shares. World Asset Mngmt Inc has 9,958 shares. Girard Limited has 3,844 shares.

Among 11 analysts covering Torchmark Corporation (NYSE:TMK), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. Torchmark Corporation had 30 analyst reports since July 29, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Wednesday, January 13 by Wells Fargo. On Wednesday, June 29 the stock rating was upgraded by Bank of America to “Neutral”. Barclays Capital maintained the stock with “Underweight” rating in Friday, August 11 report. Wood maintained it with “Hold” rating and $75 target in Monday, April 24 report. The company was upgraded on Monday, August 3 by FBR Capital. Wells Fargo maintained the shares of TMK in report on Wednesday, July 26 with “Sell” rating. The firm has “Hold” rating given on Friday, October 6 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Monday, May 29 by Wood. Goldman Sachs upgraded it to “Neutral” rating and $60 target in Friday, July 15 report. The stock of Torchmark Corporation (NYSE:TMK) has “Neutral” rating given on Tuesday, November 17 by Goldman Sachs.

Montgomery Investment Management Inc, which manages about $220.92 million and $218.54M US Long portfolio, decreased its stake in B B & T Corporation (NYSE:BBT) by 32,706 shares to 567,921 shares, valued at $25.79M in 2017Q2, according to the filing. It also reduced its holding in Merck & Company Inc. New (NYSE:MRK) by 9,120 shares in the quarter, leaving it with 37,961 shares, and cut its stake in Anadarko Petroleum (NYSE:APC).

Among 16 analysts covering International Paper Company (NYSE:IP), 8 have Buy rating, 2 Sell and 6 Hold. Therefore 50% are positive. International Paper Company had 60 analyst reports since August 4, 2015 according to SRatingsIntel. On Tuesday, July 4 the stock rating was maintained by Jefferies with “Buy”. Citigroup maintained the stock with “Neutral” rating in Tuesday, August 2 report. On Friday, February 3 the stock rating was downgraded by DA Davidson to “Neutral”. The rating was maintained by RBC Capital Markets on Sunday, August 20 with “Buy”. The firm earned “Neutral” rating on Wednesday, August 31 by Citigroup. RBC Capital Markets maintained the shares of IP in report on Friday, September 22 with “Buy” rating. BMO Capital Markets maintained International Paper Company (NYSE:IP) on Thursday, October 19 with “Buy” rating. The firm has “Hold” rating given on Wednesday, August 10 by Deutsche Bank. The stock of International Paper Company (NYSE:IP) earned “Neutral” rating by Macquarie Research on Tuesday, November 10. The firm earned “Outperform” rating on Wednesday, April 19 by RBC Capital Markets.

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

Oppenheimer & Company Inc, which manages about $8.66B and $3.63B US Long portfolio, decreased its stake in Ishares Tr (IWM) by 12,532 shares to 63,503 shares, valued at $8.95 million in 2017Q2, according to the filing. It also reduced its holding in Walgreens Boots Alliance Inc by 21,657 shares in the quarter, leaving it with 138,316 shares, and cut its stake in Realty Income Corp (NYSE:O).

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