Valeo Financial Advisors LLC acquired a new position in shares of International Paper Company (NYSE:IP – Free Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 16,336 shares of the basic materials company’s stock, valued at approximately $542,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of IP. Stephens Inc. AR boosted its position in International Paper by 1.3% during the 1st quarter. Stephens Inc. AR now owns 23,032 shares of the basic materials company’s stock worth $853,000 after acquiring an additional 298 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of International Paper by 2.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,274 shares of the basic materials company’s stock worth $523,000 after acquiring an additional 302 shares in the last quarter. Ranch Capital Advisors Inc. raised its holdings in shares of International Paper by 0.8% in the first quarter. Ranch Capital Advisors Inc. now owns 45,785 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 364 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of International Paper by 5.8% in the first quarter. Krilogy Financial LLC now owns 8,017 shares of the basic materials company’s stock worth $290,000 after purchasing an additional 437 shares in the last quarter. Finally, Arvest Bank Trust Division lifted its position in shares of International Paper by 1.2% in the first quarter. Arvest Bank Trust Division now owns 41,480 shares of the basic materials company’s stock worth $1,481,000 after purchasing an additional 509 shares in the last quarter. Institutional investors and hedge funds own 81.95% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research note on Friday, July 31st. Bank of America raised International Paper from a “neutral” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Friday, September 11th. JPMorgan Chase & Co. upped their target price on International Paper from $61.00 to $62.00 and gave the stock an “overweight” rating in a report on Wednesday, September 23rd. Citigroup decreased their price target on International Paper from $48.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Finally, Truist Financial reaffirmed a “buy” rating and set a $49.00 price target (up from $46.00) on shares of International Paper in a research report on Friday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.52.
International Paper Trading Up 0.7%
International Paper stock opened at $32.10 on Friday. The stock has a 50-day simple moving average of $37.12 and a 200 day simple moving average of $36.12. The stock has a market capitalization of $17.00 billion, a P/E ratio of -4.92, a PEG ratio of 4.06 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. International Paper Company has a 52 week low of $29.26 and a 52 week high of $50.25.
International Paper (NYSE:IP – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The firm had revenue of $6 billion for the quarter, compared to analyst estimates of $6.19 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. Analysts expect that International Paper Company will post 1.31 earnings per share for the current year.
International Paper Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th were issued a dividend of $0.4625 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 5.8%. International Paper’s dividend payout ratio (DPR) is currently -28.37%.
Insider Buying and Selling at International Paper
In other International Paper news, VP William Hamic sold 24,500 shares of International Paper stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.20, for a total transaction of $1,009,400.00. Following the completion of the transaction, the vice president directly owned 106,952 shares of the company’s stock, valued at $4,406,422.40. The trade was a 18.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Holly G. Goughnour sold 3,500 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer directly owned 34,248 shares in the company, valued at $1,437,046.08. The trade was a 9.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.21% of the company’s stock.
International Paper Company Profile
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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