After this evening's 1.8% surge to $45.21 per share, International Paper might just keep moving past its target price of $45.5. With an average analyst rating of hold, and target prices from $38.6 to $57.0, the stock's next move is anyone's guess.
The stock has an average amount of shares sold short at 7.3%, and a short ratio of 2.42. The company's insiders own 0.44% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.2% of International Paper's shares being owned by this investor type.
Institutions Invested in International Paper
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 12% | 40,587,799 | $1,834,974,355 |
| 2024-03-31 | Blackrock Inc. | 10% | 34,642,702 | $1,566,196,525 |
| 2024-03-31 | State Street Corporation | 6% | 22,354,936 | $1,010,666,636 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 6% | 21,135,702 | $955,545,068 |
| 2024-03-31 | Invesco Ltd. | 4% | 14,696,142 | $664,412,566 |
| 2024-03-31 | Franklin Resources, Inc. | 3% | 11,372,176 | $514,136,066 |
| 2024-03-31 | Greenhaven Associates, Inc. | 3% | 10,165,385 | $459,577,046 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 8,028,950 | $362,988,822 |
| 2024-03-31 | Dimensional Fund Advisors LP | 2% | 6,269,057 | $283,424,061 |
| 2024-03-31 | Bank Of New York Mellon Corporation | 2% | 6,082,422 | $274,986,293 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on International Paper.
