International Paper Co (NYSE: IP) is 64.09% higher on its value in year-to-date trading and has touched a low of $32.33 and a high of $60.22 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 $59.18 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $59.32, the stock is 5.57% and 15.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.45 million and changing 0.24% at the moment leaves the stock 34.69% off its SMA200. IP registered 80.19% gain for a year compared to 6-month gain of 30.49%. The firm has a 50-day simple moving average (SMA 50) of $51.4502 and a 200-day simple moving average (SMA200) of $44.041.
The stock witnessed a 21.96% loss in the last 1 month and extending the period to 3 months gives it a 21.91%, and is 3.02% 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 2.96% over the week and 2.56% over the month.
International Paper Co (IP) has around 39000 employees, a market worth around $20.66B and $18.64B in sales. Current P/E ratio is 50.44 and Fwd P/E is 19.72. Profit margin for the company is 2.25%. Distance from 52-week low is 83.48% and -1.49% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).
with sales reaching $4.76B over the same period.The EPS is expected to shrink by -46.85% this year, but quarterly earnings will post -0.56% year-over-year. Quarterly sales are estimated to grow 3.40% in year-over-year returns.
International Paper Co (IP) Top Institutional Holders
1191.0 institutions hold shares in International Paper Co (IP), with institutional investors hold 106.55% of the company’s shares. The shares outstanding are 346.04M, and float is at 342.28M with Short Float at 12.93%. Institutions hold 106.08% 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 Nov 15 ’24 at a price of $56.19 per share for a total of $33714.0. Following the sale, the insider now owns 37745.0 shares.
International Paper Co disclosed in a document filed with the SEC on Oct 31 ’24 that SULLIVAN KATHRYN D (Director) sold a total of 600 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $53.50 per share for $32100.0. Following the transaction, the insider now directly holds 38345.0 shares of the IP stock.
Still, SEC filings show that on Oct 15 ’24, SULLIVAN KATHRYN D (Director) disposed off 600 shares at an average price of $48.08 for $28848.0. The insider now directly holds 38,945 shares of International Paper Co (IP).
