International Paper shares fell -1.1% this morning to a price of $57.08. The stock is still trading within range of its average target price of $56.19, and over the last 52 weeks, it has recorded a 56.8% performance. Analysts have given the Large-Cap Paper & Paper Products stock target prices ranging from $47.0 to $66.0 dollars per share, with an average rating of buy.
International Paper has an elevated short interest of 20.1%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 8.85. At 0.43%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. 106.1% of International Paper shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in International Paper
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Price (T.Rowe) Associates Inc | 14% | 47,227,947 | $2,695,535,111 |
| 2024-09-30 | Vanguard Group Inc | 12% | 40,854,702 | $2,331,782,147 |
| 2024-09-30 | Blackrock Inc. | 10% | 34,027,841 | $1,942,139,051 |
| 2024-09-30 | State Street Corporation | 6% | 21,719,761 | $1,239,655,375 |
| 2024-09-30 | FMR, LLC | 5% | 17,839,237 | $1,018,174,465 |
| 2024-09-30 | Capital Research Global Investors | 5% | 17,713,185 | $1,010,980,047 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 5% | 16,106,135 | $919,257,667 |
| 2024-09-30 | Morgan Stanley | 3% | 9,490,411 | $541,665,215 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 8,368,401 | $477,626,493 |
| 2024-09-30 | Invesco Ltd. | 2% | 8,027,238 | $458,154,614 |
For these reasons, we consider that the International Paper is the subject of negative market sentiment.
