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International Paper Co. (IP) up 0.55% since start of the year

International Paper Co. (NYSE: IP) is 0.55% higher on its value in year-to-date trading and has touched a low of $29.00 and a high of $38.21 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IP stock was last observed hovering at around $36.19 in the last trading session, with the day’s gains setting it 0.16%.

Currently trading at $36.35, the stock is 2.63% and 1.52% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.74 million and changing 0.44% at the moment leaves the stock 5.57% off its SMA200. IP registered 5.42% gain for a year compared to 6-month loss of 5.03%. The firm has a 50-day simple moving average (SMA 50) of $0.92 and a 200-day simple moving average (SMA200) of $7.78.

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The stock witnessed a 5.27% gain in the last 1 month and extending the period to 3 months gives it a -1.52%, and is 0.30% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.04% over the week and 2.21% over the month.

International Paper Co. (IP) has around 39000 employees, a market worth around $12.59B and $18.92B in sales. Current P/E ratio is 42.35 and Fwd P/E is 13.17. Profit margin for the company is 1.60%. Distance from 52-week low is 25.32% and -4.87% from its 52-week high. The company has generated returns on investments over the last 12 months (1.86%).

International Paper Co. quarterly earnings per share for the current quarter are estimated at $0.21 with sales reaching $4.57B over the same period.The EPS is expected to shrink by -0.96% this year, but quarterly earnings will post -0.70% year-over-year. Quarterly sales are estimated to shrink -8.40% in year-over-year returns.

International Paper Co. (IP) Top Institutional Holders

1,147 institutions hold shares in International Paper Co. (IP), with institutional investors hold 84.56% of the company’s shares. The shares outstanding are 346.04M, and float is at 341.56M with Short Float at 2.12%. Institutions hold 84.14% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 41.55 million shares valued at $1.32 billion. The investor’s holdings represent 12.01% of the IP Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 36.53 million shares valued at $1.16 billion to account for 10.56% of the shares outstanding. The other top investors are State Street Corporation which holds 23.4 million shares representing 6.76% and valued at over $744.49 million, while Price (T.Rowe) Associates Inc holds 4.92% of the shares totaling 17.02 million with a market value of $541.52 million.

International Paper Co. (IP) Insider Activity

The most recent transaction is an insider sale by Royalty James P Jr.,the company’sSenior Vice President. SEC filings show that Royalty James P Jr. sold 5,800 shares of the company’s common stock on Feb 28 ’24 at a price of $34.75 per share for a total of $0.2 million. Following the sale, the insider now owns 69488.0 shares.

International Paper Co. disclosed in a document filed with the SEC on Feb 28 ’24 that SULLIVAN KATHRYN D (Director) sold a total of 600 shares of the company’s common stock. The trade occurred on Feb 28 ’24 and was made at $34.06 per share for $20436.0. Following the transaction, the insider now directly holds 42584.0 shares of the IP stock.

Still, SEC filings show that on Feb 22 ’24, SULLIVAN KATHRYN D (Director) disposed off 600 shares at an average price of $34.63 for $20778.0. The insider now directly holds 43,184 shares of International Paper Co. (IP).

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