Bank of New York Mellon Corp Purchases 5,417,274 Shares of International Paper Company $IP

Bank of New York Mellon Corp grew its position in International Paper Company (NYSE:IP) by 66.2% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 13,601,299 shares of the basic materials company’s stock after purchasing an additional 5,417,274 shares during the quarter. Bank of New York Mellon Corp’s holdings in International Paper were worth $485,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IP. Dynamic Technology Lab Private Ltd bought a new position in International Paper in the first quarter valued at approximately $249,000. Intech Investment Management LLC lifted its stake in International Paper by 100.5% during the first quarter. Intech Investment Management LLC now owns 32,025 shares of the basic materials company’s stock worth $1,709,000 after purchasing an additional 16,055 shares during the last quarter. Cresset Asset Management LLC lifted its stake in International Paper by 20.8% during the second quarter. Cresset Asset Management LLC now owns 17,345 shares of the basic materials company’s stock worth $812,000 after purchasing an additional 2,981 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of International Paper by 280.9% in the 2nd quarter. Jump Financial LLC now owns 38,092 shares of the basic materials company’s stock valued at $1,784,000 after purchasing an additional 28,092 shares in the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of International Paper by 8.0% in the 2nd quarter. Cerity Partners LLC now owns 33,749 shares of the basic materials company’s stock valued at $1,580,000 after purchasing an additional 2,493 shares in the last quarter. Institutional investors own 81.95% of the company’s stock.

International Paper Price Performance

Shares of IP opened at $37.88 on Friday. The company has a quick ratio of 0.94, a current ratio of 1.21 and a debt-to-equity ratio of 0.55. The stock has a market cap of $20.06 billion, a PE ratio of -5.96 and a beta of 0.94. International Paper Company has a 12-month low of $29.26 and a 12-month high of $56.13. The business has a 50-day simple moving average of $34.95 and a two-hundred day simple moving average of $38.05.

International Paper (NYSE:IP) last released its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.03). International Paper had a negative return on equity of 0.49% and a negative net margin of 13.42%.The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.02 billion. During the same quarter last year, the firm posted $0.17 earnings per share. The business’s revenue for the quarter was up 13.4% on a year-over-year basis. Analysts anticipate that International Paper Company will post 1.38 earnings per share for the current fiscal year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Friday, August 14th will be issued a dividend of $0.4625 per share. This represents a $1.85 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, August 14th. International Paper’s payout ratio is presently -29.09%.

Insiders Place Their Bets

In other International Paper news, Director Scott Tozier purchased 10,000 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was purchased at an average cost of $31.30 per share, for a total transaction of $313,000.00. Following the transaction, the director owned 10,025 shares in the company, valued at $313,782.50. The trade was a 40,000.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Bank of America cut International Paper from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Tuesday. Zacks Research raised International Paper from a “strong sell” rating to a “hold” rating in a research note on Monday. Citigroup increased their target price on shares of International Paper from $36.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, July 9th. Weiss Ratings downgraded shares of International Paper from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, April 27th. Finally, UBS Group lowered their price objective on shares of International Paper from $40.00 to $32.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Eight investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, International Paper has an average rating of “Moderate Buy” and an average target price of $44.06.

Key Stories Impacting International Paper

Here are the key news stories impacting International Paper this week:

• Positive Sentiment: Truist Financial reiterated a Buy rating and raised its price target on International Paper, signaling confidence in upside potential. Truist Financial Keeps Their Buy Rating on International Paper Co (IP)
• Positive Sentiment: International Paper declared a quarterly dividend of $0.4625 per share, reinforcing the company’s cash-return profile for shareholders. International Paper Declares Quarterly Dividends on Common and Preferred Shares
• Positive Sentiment: Zacks Research upgraded International Paper from strong sell to hold, which may be interpreted as a modest improvement in sentiment. Zacks.com
• Positive Sentiment: The company announced it will close its Carrollton South, Texas packaging facility by the end of Q3 2026, a move that could help streamline operations and strengthen the North America packaging network. International Paper to Close Carrollton South, Texas Packaging Facility
• Neutral Sentiment: Zacks Research made several small estimate changes for upcoming quarters and future years, including slight cuts to some periods and slight increases to others, suggesting a mixed earnings outlook rather than a clear catalyst. International Paper estimates and analyst updates
• Negative Sentiment: Bank of America reportedly downgraded International Paper to Neutral, which may temper enthusiasm after recent gains. International Paper (NYSE:IP) Downgraded to Neutral Rating by Bank of America
• Negative Sentiment: Zacks Research trimmed some near- and long-term EPS estimates, including Q3 2026 and FY2028, indicating slightly softer earnings expectations. International Paper analyst estimate revisions

International Paper Company Profile

International Paper is a global producer of renewable fiber-based products, focused primarily on pulp, paper, and packaging. The company manufactures containerboard and corrugated packaging used for shipping and retail display, as well as a range of specialty papers and pulp products that serve industrial, consumer goods, and e-commerce customers. Its product portfolio is oriented toward large-scale packaging solutions, tissue and paper grades, and raw pulp for a variety of manufacturing uses.

Founded in 1898, International Paper is headquartered in Memphis, Tennessee, and is one of the largest and longest-established companies in the forest products sector.