International Paper shares rose 2.8% this morning to a price of $48.63. The stock is still trading within range of its average target price of $51.04, and over the last 52 weeks, it has recorded a 40.7% performance. Analysts have given the Large-Cap Paper & Paper Products stock target prices ranging from $45.0 to $57.0 dollars per share, with an average rating of buy.
The stock has an unusually large proportion of its shares sold short at 16.7%, and a short ratio of 11.16. 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 97.6% 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 | $2,281,286,022 |
| 2024-06-30 | Vanguard Group Inc | 12% | 40,674,306 | $1,978,194,804 |
| 2024-06-30 | Blackrock Inc. | 10% | 33,229,826 | $1,616,132,531 |
| 2024-06-30 | State Street Corporation | 6% | 21,923,193 | $1,066,234,454 |
| 2024-06-30 | Bank Of New York Mellon Corporation | 4% | 14,214,754 | $691,334,536 |
| 2024-06-30 | Invesco Ltd. | 3% | 12,007,836 | $584,001,083 |
| 2024-06-30 | FMR, LLC | 3% | 9,468,964 | $460,523,048 |
| 2024-06-30 | Franklin Resources, Inc. | 3% | 8,826,809 | $429,291,840 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 8,268,681 | $402,147,286 |
| 2024-06-30 | Morgan Stanley | 2% | 6,135,306 | $298,390,597 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on International Paper.
