International Paper Co. (NYSE: IP) is 32.06% higher on its value in year-to-date trading and has touched a low of $31.76 and a high of $50.68 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 $48.08 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $47.74, the stock is -1.29% and 0.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.31 million and changing -0.71% at the moment leaves the stock 14.80% off its SMA200. IP registered 35.82% gain for a year compared to 6-month gain of 32.94%. The firm has a 50-day simple moving average (SMA 50) of $47.718 and a 200-day simple moving average (SMA200) of $41.58455.
The stock witnessed a -4.19% loss in the last 1 month and extending the period to 3 months gives it a 4.35%, and is 0.84% 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 1.70% over the week and 1.74% over the month.
International Paper Co. (IP) has around 39000 employees, a market worth around $16.58B and $18.57B in sales. Current P/E ratio is 36.64 and Fwd P/E is 16.88. Profit margin for the company is 2.49%. Distance from 52-week low is 50.29% and -5.80% from its 52-week high. The company has generated returns on investments over the last 12 months (2.83%).
The EPS is expected to shrink by -32.42% this year.
International Paper Co. (IP) Top Institutional Holders
1169.0 institutions hold shares in International Paper Co. (IP), with institutional investors hold 97.50% of the company’s shares. The shares outstanding are 346.04M, and float is at 342.00M with Short Float at 11.68%. Institutions hold 97.08% of the Float.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 46.91 million shares valued at $2.02 billion. The investor’s holdings represent 13.5294% of the IP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 40.67 million shares valued at $1.76 billion to account for 11.7318 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 33.23 million shares representing 9.5846% and valued at over $1.43 billion, while STATE STREET CORP holds 6.3234 of the shares totaling 21.92 million with a market value of $945.99 million.
International Paper Co. (IP) Insider Activity
The most recent transaction is an insider sale by SULLIVAN KATHRYN D, the company’s Director. SEC filings show that SULLIVAN KATHRYN D sold 600 shares of the company’s common stock on Sep 30 ’24 at a price of $48.68 per share for a total of $29208.0. Following the sale, the insider now owns 39545.0 shares.
International Paper Co. disclosed in a document filed with the SEC on Sep 16 ’24 that SULLIVAN KATHRYN D (Director) sold a total of 600 shares of the company’s common stock. The trade occurred on Sep 16 ’24 and was made at $49.48 per share for $29688.0. Following the transaction, the insider now directly holds 39802.0 shares of the IP stock.
Still, SEC filings show that on Sep 12 ’24, Saab Joseph R. (SVP, GC and Corp. Secretary) disposed off 2,440 shares at an average price of $47.30 for $0.12 million. The insider now directly holds 18,668 shares of International Paper Co. (IP).
