Investors Research Corp bought a new stake in shares of International Paper Company (NYSE:IP – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 30,525 shares of the basic materials company’s stock, valued at approximately $1,013,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Man Group plc bought a new position in shares of International Paper in the second quarter valued at approximately $24,640,000. Amundi purchased a new position in International Paper during the second quarter valued at approximately $82,666,000. HighTower Advisors LLC bought a new stake in International Paper during the 2nd quarter worth approximately $1,603,000. D.A. Davidson & CO. increased its holdings in International Paper by 29.6% during the 1st quarter. D.A. Davidson & CO. now owns 137,856 shares of the basic materials company’s stock worth $4,921,000 after acquiring an additional 31,518 shares during the period. Finally, Nykredit A S bought a new stake in International Paper during the 2nd quarter worth approximately $104,683,000. 81.95% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on IP shares. Truist Financial reissued a “buy” rating and issued a $49.00 price target (up from $46.00) on shares of International Paper in a report on Friday, July 31st. Wells Fargo & Company decreased their price target on shares of International Paper from $46.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday. Weiss Ratings upgraded International Paper from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, August 21st. Royal Bank Of Canada lifted their price objective on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. boosted their target price on International Paper from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 23rd. Ten analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and an average target price of $47.52.
International Paper Price Performance
International Paper stock traded down $0.35 during mid-day trading on Wednesday, hitting $31.79. 5,167,746 shares of the company traded hands, compared to its average volume of 6,285,420. International Paper Company has a one year low of $29.26 and a one year high of $50.25. The stock has a market cap of $16.83 billion, a price-to-earnings ratio of -4.88, a price-to-earnings-growth ratio of 4.08 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.10. The stock has a fifty day moving average price of $37.75 and a 200-day moving average price of $36.18.
International Paper (NYSE:IP – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.08. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. International Paper had a negative net margin of 14.20% and a negative return on equity of 1.09%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.20 EPS. On average, equities analysts predict that International Paper Company will post 1.31 earnings per share for the current fiscal year.
International Paper Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Friday, August 14th were given a $0.4625 dividend. The ex-dividend date was Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 5.8%. International Paper’s payout ratio is -28.37%.
Insiders Place Their Bets
In related news, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total value of $146,860.00. Following the transaction, the chief accounting officer owned 34,248 shares of the company’s stock, valued at $1,437,046.08. This represents a 9.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP William Hamic sold 24,500 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $41.20, for a total value of $1,009,400.00. Following the sale, the vice president owned 106,952 shares in the company, valued at $4,406,422.40. The trade was a 18.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.21% of the stock is owned by corporate insiders.
About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. The company manufactures corrugated packaging, containerboard and other fiber-based packaging solutions used to protect, transport and display goods, along with market pulp and specialty paper products.
Founded in 1898, International Paper has developed operations serving customers across North America and Europe. Its activities also include recycling and the recovery of fiber used in paper and packaging production, supporting the company’s focus on renewable and recyclable materials.
International Paper completed its combination with DS Smith in 2025, expanding its geographic reach and packaging capabilities.
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