After this afternoon's 2.1% surge to $47.07 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 88.7% 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 | $1,910,467,686 |
2024-03-31 | Blackrock Inc. | 10% | 34,642,702 | $1,630,631,972 |
2024-03-31 | State Street Corporation | 6% | 22,354,936 | $1,052,246,830 |
2024-03-31 | Price (T.Rowe) Associates Inc | 6% | 21,135,702 | $994,857,486 |
2024-03-31 | Invesco Ltd. | 4% | 14,696,142 | $691,747,399 |
2024-03-31 | Franklin Resources, Inc. | 3% | 11,372,176 | $535,288,320 |
2024-03-31 | Greenhaven Associates, Inc. | 3% | 10,165,385 | $478,484,668 |
2024-03-31 | Geode Capital Management, LLC | 2% | 8,028,950 | $377,922,674 |
2024-03-31 | Dimensional Fund Advisors LP | 2% | 6,269,057 | $295,084,511 |
2024-03-31 | Bank Of New York Mellon Corporation | 2% | 6,082,422 | $286,299,601 |
Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on International Paper.