Sterling Capital Management LLC acquired a new position in International Paper Company (NYSE:IP – Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,146 shares of the basic materials company’s stock, valued at approximately $502,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in International Paper during the 2nd quarter valued at about $1,940,896,000. Bank of New York Mellon Corp bought a new position in International Paper during the 2nd quarter worth approximately $689,498,000. Atlas FRM LLC bought a new position in International Paper during the 2nd quarter worth approximately $374,904,000. Hill City Capital LP purchased a new position in International Paper in the 2nd quarter worth approximately $194,310,000. Finally, Bank of America Corp DE purchased a new position in International Paper in the 2nd quarter worth approximately $142,802,000. Institutional investors own 81.95% of the company’s stock.
Insiders Place Their Bets
In other news, 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 completion of the sale, the vice president directly owned 106,952 shares of the company’s stock, valued at approximately $4,406,422.40. This trade represents a 18.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Holly G. Goughnour sold 3,500 shares of International Paper 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. 0.21% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on International Paper from $48.00 to $52.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. UBS Group cut their target price on shares of International Paper from $47.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Argus reaffirmed a “buy” rating and issued a $45.00 target price on shares of International Paper in a research note on Thursday, September 24th. JPMorgan Chase & Co. upped their price target on shares of International Paper from $61.00 to $62.00 and gave the company an “overweight” rating in a report on Wednesday, September 23rd. Finally, Seaport Research Partners reissued a “buy” rating and set a $46.00 price target on shares of International Paper in a research report on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $46.90.
Get Our Latest Stock Analysis on International Paper
Key Stories Impacting International Paper
Here are the key news stories impacting International Paper this week:
- Positive Sentiment: Adjusted earnings beat expectations. International Paper reported third-quarter adjusted EPS of $0.37, above the $0.29 consensus estimate. The result also improved from a $0.43 per-share loss in the year-ago quarter. IP Q3 Earnings Beat Estimates, Sales Miss on Lower Volumes
- Positive Sentiment: North American packaging profitability rebounded. Packaging Solutions North America operating profit rose to $427 million from $204 million in the second quarter. Management expects fourth-quarter operating profit of $460 million to $500 million and maintained full-year guidance of $1.3 billion to $1.4 billion. International Paper Reports Third Quarter 2026 Results
- Neutral Sentiment: Management is preparing to separate its EMEA packaging business. International Paper said the planned separation is expected to create an independent company known as DS Smith plc. The company has removed EMEA financial guidance because of the planned transaction and related U.K. regulatory requirements, making future comparisons more difficult. International Paper Posts Third-Quarter Net Loss
- Negative Sentiment: Revenue missed estimates. Third-quarter sales were $6.20 billion, below the $6.28 billion consensus estimate and down slightly year over year, reflecting lower volumes and weakness in EMEA. International Paper Reports Q3 Revenue Below Estimate
- Negative Sentiment: The reported loss and cash generation were weak. International Paper recorded a $1.10 billion loss from continuing operations, including a $1.38 billion non-cash goodwill impairment tied to EMEA. Operating cash flow was $339 million, while free cash flow was negative $267 million. International Paper Third-Quarter Results
International Paper Stock Up 3.6%
Shares of NYSE:IP opened at $34.57 on Thursday. International Paper Company has a 1 year low of $29.26 and a 1 year high of $50.25. The company has a market cap of $18.31 billion, a PE ratio of -5.30, a P/E/G ratio of 4.38 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.10 and a quick ratio of 0.84. The stock’s 50-day moving average is $35.14 and its 200 day moving average is $37.50.
International Paper (NYSE:IP – Get Free Report) last posted its earnings results on Wednesday, October 28th. The basic materials company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.08. The firm had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.28 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.43) earnings per share. Sell-side analysts anticipate that International Paper Company will post 1.26 EPS for the current year.
International Paper Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be issued a $0.4625 dividend. The ex-dividend date is Monday, November 16th. This represents a $1.85 annualized dividend and a yield of 5.4%. International Paper’s payout ratio is -28.37%.
About International Paper
International Paper (NYSE: IP) is a global producer of sustainable packaging, pulp and paper products. Its offerings include corrugated packaging and containerboard used to protect and transport goods, as well as absorbent cellulose fibers and other fiber-based materials used in personal care, healthcare, foodservice and industrial applications.
The company serves customers across North America and Europe, with products sold to manufacturers, retailers, consumer-goods companies and other commercial customers.
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