Bessemer Group Inc. boosted its stake in shares of International Paper Company (NYSE:IP – Free Report) by 41.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,313,516 shares of the basic materials company’s stock after purchasing an additional 966,591 shares during the quarter. Bessemer Group Inc.’s holdings in International Paper were worth $118,292,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of International Paper during the 1st quarter worth about $249,000. Intech Investment Management LLC increased its position in International Paper by 100.5% in the 1st quarter. Intech Investment Management LLC now owns 32,025 shares of the basic materials company’s stock worth $1,709,000 after buying an additional 16,055 shares during the period. Cresset Asset Management LLC increased its position in International Paper by 20.8% in the 2nd quarter. Cresset Asset Management LLC now owns 17,345 shares of the basic materials company’s stock worth $812,000 after buying an additional 2,981 shares during the period. Jump Financial LLC lifted its holdings in shares of International Paper by 280.9% during the second quarter. Jump Financial LLC now owns 38,092 shares of the basic materials company’s stock worth $1,784,000 after buying an additional 28,092 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of International Paper by 8.0% during the second quarter. Cerity Partners LLC now owns 33,749 shares of the basic materials company’s stock worth $1,580,000 after buying an additional 2,493 shares during the last quarter. Institutional investors own 81.95% of the company’s stock.
International Paper Price Performance
Shares of IP stock opened at $37.53 on Friday. The stock has a 50 day moving average of $35.04 and a two-hundred day moving average of $38.04. The company has a current ratio of 1.21, a quick ratio of 0.94 and a debt-to-equity ratio of 0.55. International Paper Company has a 12 month low of $29.26 and a 12 month high of $56.13. The company has a market capitalization of $19.87 billion, a P/E ratio of -5.90 and a beta of 0.94.
International Paper Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, August 14th. This represents a $1.85 dividend on an annualized basis and a yield of 4.9%. International Paper’s payout ratio is currently -29.09%.
Key International Paper News
Here are the key news stories impacting International Paper this week:
- Positive Sentiment: Wells Fargo reiterated a Buy rating on International Paper, and Royal Bank of Canada raised its price target from $45 to $48, signaling continued analyst confidence in upside potential. International Paper Co (IP) Gets a Buy from Wells Fargo
- Positive Sentiment: The company announced new independent board appointments, adding Katherine Collins and Lori J. Ryerkerk, which may be viewed as a governance-strengthening move. International Paper Announces Changes to Its Board of Directors
- Positive Sentiment: Truist Financial issued a positive forecast for International Paper, adding to the constructive analyst tone around the stock. Truist Financial Issues Positive Forecast for International Paper (NYSE:IP) Stock Price
- Neutral Sentiment: International Paper’s board changes also included the departure of directors Dr. Kathryn Sullivan and Ahmet, suggesting a broader refresh rather than a clear operational catalyst. International Paper Announces Changes to Its Board of Directors
- Neutral Sentiment: Zacks Research trimmed its Q3 2026 EPS estimate to $0.51 from $0.53 and lowered FY2028 EPS slightly to $3.25 from $3.28, but kept a Hold rating, making this more of a mild caution than a major negative. International Paper Company (NYSE:IP) – Free Report
- Negative Sentiment: International Paper said it will close its Carrollton South, Texas packaging facility by the end of Q3 2026, and another report said the company will also close a Texas plant, highlighting ongoing network rationalization that can weigh on sentiment. International Paper to Close Carrollton South, Texas Packaging Facility
Insider Transactions at International Paper
In other International Paper news, Director Scott Tozier purchased 10,000 shares of the stock in a transaction on Friday, May 1st. The shares were purchased at an average price of $31.30 per share, with a total value of $313,000.00. Following the acquisition, the director directly owned 10,025 shares of the company’s stock, valued at $313,782.50. This represents a 40,000.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.21% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on IP shares. Citigroup raised their price objective on shares of International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Royal Bank Of Canada upped their target price on shares of International Paper from $45.00 to $48.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial upped their target price on shares of International Paper from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday. Weiss Ratings downgraded shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, April 27th. Finally, UBS Group decreased their price target on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $44.31.
Read Our Latest Stock Analysis on IP
International Paper Profile
International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.
Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.
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