Multiple institutional investors and hedge funds have recently traded shares of International Paper (IP). For instance, Bridgefront Capital increased its holdings by 103% in Q4, acquiring 14,729 shares worth $532,000. Quarry LP boosted its shares by 317.5%, now owning 1,528 shares valued at $55,000. V Square Quantitative raised its position by 99.4%, owning 17,674 shares worth $639,000. Neo Ivy Capital bought in for $80,000 in Q4. Additionally, Royal London Asset Management grew its position by 4.5%, owning 279,590 shares valued at $10.1 million. Overall, institutional investors hold 81.95% of IP’s stock.
Insider Trades
Director Kathryn D. Sullivan sold 600 shares on July 31 for $27,756, now owning 41,602 shares valued at $1.92 million. SVP Joseph R. Saab sold 2,440 shares on September 12 for $115,412, holding 18,668 shares now valued at $883,000. Over the past 90 days, insiders sold 19,440 shares totaling $931,502. Insiders own 0.55% of IP stock.
IP Stock Performance
IP opened at $47.10 today. Its 50-day moving average is $47.59 and the 200-day is $43.73. The company has a market cap of $16.36 billion, a P/E ratio of 96.12, and a beta of 1.04. The stock’s 12-month range is $31.76$50.68.
IP’s latest earnings report on July 24 showed $0.55 EPS, surpassing the $0.41 forecast. Revenue was $4.73 billion, slightly below the $4.78 billion estimate, with a net margin of 2.34% and a return on equity of 7.28%.
Analyst Ratings
Recent analyst ratings include Seaport Res Ptn upgrading to strong buy, Truist increasing its price target from $52 to $55, and Royal Bank of Canada raising its target from $52 to $56. Currently, three analysts rate it as “hold,” six as “buy,” and one as “strong buy,” giving it a consensus rating of “Moderate Buy” with an average price target of $50.21.
About International Paper
International Paper Company produces renewable fiber-based packaging and pulp products across North America, Latin America, Europe, and North Africa, operating in two segments: Industrial Packaging and Global Cellulose Fibers.
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