This morning we watched International Paper drop -1.1% to a price of $46.14 per share. The Large-Cap Paper & Paper Products company is now trading -9.6% below its average target price of $51.04. Analysts have set target prices ranging from $45.0 to $57.0 per share for International Paper, and have given the stock an average rating of buy.
The stock has an unusually large proportion of its shares sold short at 15.6%, and a short ratio of 11.01. The company's insiders own 0.43% 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 97.0% of International Paper's shares being owned by this investor type.
Institutions Invested in International Paper
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Price (T.Rowe) Associates Inc | 14% | 46,906,263 | $2,164,254,946 |
| 2024-06-30 | Vanguard Group Inc | 12% | 40,674,306 | $1,876,712,454 |
| 2024-06-30 | Blackrock Inc. | 10% | 33,229,826 | $1,533,224,151 |
| 2024-06-30 | State Street Corporation | 6% | 21,923,193 | $1,011,536,111 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 4% | 14,214,754 | $655,868,740 |
| 2024-06-30 | Invesco Ltd. | 3% | 12,007,836 | $554,041,545 |
| 2024-06-30 | FMR, LLC | 3% | 9,468,964 | $436,897,993 |
| 2024-06-30 | Franklin Resources, Inc. | 3% | 8,826,809 | $407,268,961 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 8,268,681 | $381,516,936 |
| 2024-06-30 | Morgan Stanley | 2% | 6,135,306 | $283,083,015 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on International Paper.
