GoalVest Advisory LLC 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 Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 30,205 shares of the basic materials company’s stock, valued at approximately $1,002,000.
Several other hedge funds have also recently added to or reduced their stakes in IP. Man Group plc bought a new stake in shares of International Paper during the second quarter worth about $24,640,000. HighTower Advisors LLC bought a new position in International Paper in the 2nd quarter valued at about $1,603,000. Amundi bought a new position in International Paper in the 2nd quarter valued at about $82,666,000. D.A. Davidson & CO. boosted its stake 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 valued at $4,921,000 after purchasing an additional 31,518 shares during the last quarter. Finally, Bellwether Advisors LLC acquired a new position in International Paper during the 1st quarter valued at about $2,615,000. Institutional investors own 81.95% of the company’s stock.
Analyst Ratings Changes
Several analysts have recently commented on the company. Argus reissued a “buy” rating and issued a $45.00 price objective on shares of International Paper in a research note on Thursday, September 24th. Loop Capital set a $61.00 target price on International Paper in a research report on Tuesday, July 28th. Wall Street Zen upgraded International Paper from a “sell” rating to a “hold” rating in a report on Saturday, September 19th. Seaport Research Partners reissued a “buy” rating and issued a $46.00 price target on shares of International Paper in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. raised their price objective on International Paper from $61.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, September 23rd. Ten investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $48.82.
Insider Activity
In other International Paper news, VP William Hamic sold 24,500 shares of the stock in a transaction dated 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 owned 106,952 shares in the company, valued at $4,406,422.40. This trade represents a 18.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Holly G. Goughnour sold 3,500 shares of International Paper stock in a transaction dated Tuesday, August 4th. The stock was 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 owned 34,248 shares of the company’s stock, valued at $1,437,046.08. The trade was a 9.27% 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.
International Paper Stock Performance
IP traded down $0.12 during trading on Friday, hitting $32.40. 2,007,759 shares of the company traded hands, compared to its average volume of 6,277,895. The stock’s fifty day moving average is $38.39 and its 200 day moving average is $36.28. The company has a quick ratio of 0.84, a current ratio of 1.10 and a debt-to-equity ratio of 0.57. International Paper Company has a one year low of $29.26 and a one year high of $50.25. The firm has a market cap of $17.16 billion, a P/E ratio of -4.96, a price-to-earnings-growth ratio of 4.22 and a beta of 0.93.
International Paper (NYSE:IP – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.08. The business had revenue of $6 billion during the quarter, compared to analyst estimates of $6.19 billion. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.International Paper’s revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share. As a group, equities analysts predict that International Paper Company will post 1.31 EPS for the current fiscal year.
International Paper Dividend Announcement
The firm also recently disclosed 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 5.7%. International Paper’s dividend payout ratio is -28.37%.
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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