38,224 Shares of International Paper Company $IP Purchased by McKinney Capital Management LLC

McKinney Capital Management LLC bought a new position in shares of International Paper Company (NYSE:IP) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 38,224 shares of the basic materials company’s stock, valued at approximately $1,268,000.

A number of other institutional investors have also added to or reduced their stakes in IP. BlackRock Inc. purchased a new stake in shares of International Paper in the 2nd quarter worth approximately $1,940,896,000. Bank of New York Mellon Corp purchased a new position in International Paper during the second quarter valued at approximately $689,498,000. Atlas FRM LLC purchased a new position in International Paper during the second quarter valued at approximately $374,904,000. Hill City Capital LP bought a new position in International Paper in the second quarter worth approximately $194,310,000. Finally, Bank of America Corp DE bought a new position in International Paper in the second quarter worth approximately $142,802,000. Hedge funds and other institutional investors own 81.95% of the company’s stock.

Key Stories Impacting International Paper

Here are a few of the latest stories about IP:

• Negative Sentiment: Zacks cut its Q4 2026 EPS estimate from $0.78 to $0.55 and reduced estimates for each quarter of 2027. Its FY2027 forecast fell from $2.86 to $2.46 per share. The firm also lowered its FY2028 estimate from $3.57 to $3.29, including cuts to several 2028 quarterly forecasts. Zacks Research Has Negative Opinion of IP FY2026 Earnings

International Paper Stock Performance

Shares of International Paper stock traded up $0.49 during midday trading on Friday, hitting $34.43. The company had a trading volume of 4,645,405 shares, compared to its average volume of 5,774,791. The stock has a market cap of $18.24 billion, a price-to-earnings ratio of -5.25, a PEG ratio of 5.11 and a beta of 0.97. The company has a quick ratio of 0.75, a current ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $34.13 and a 200 day simple moving average of $37.04. International Paper Company has a 12-month low of $29.26 and a 12-month high of $50.25.

International Paper (NYSE:IP) last released its earnings results on Wednesday, October 28th. The basic materials company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.08. The company had revenue of $6.20 billion during the quarter, compared to analysts’ expectations of $6.28 billion. International Paper had a negative net margin of 14.32% and a positive return on equity of 1.77%. International Paper’s revenue for the quarter was down .4% on a year-over-year basis. During the same period last year, the business earned ($0.43) EPS. As a group, analysts predict that International Paper Company will post 1.11 earnings per share for the current fiscal year.

International Paper Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a $0.4625 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 5.4%. International Paper’s dividend payout ratio (DPR) is currently -28.20%.

Analyst Upgrades and Downgrades

IP has been the subject of a number of analyst reports. Loop Capital set a $61.00 target price on International Paper in a report on Tuesday, July 28th. Citigroup cut their price target on International Paper from $47.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, October 30th. UBS Group reduced their price target on International Paper from $47.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, October 5th. Truist Financial reissued a “buy” rating and issued a $39.00 price target (down from $41.00) on shares of International Paper in a research report on Thursday, October 29th. Finally, Seaport Research Partners restated a “buy” rating and set a $46.00 price objective on shares of International Paper in a research note on Wednesday, August 12th. Ten equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, International Paper has a consensus rating of “Moderate Buy” and an average price target of $45.44.

International Paper Company Profile

International Paper is a global producer of fiber-based packaging and pulp products. Its packaging offerings include containerboard and corrugated packaging used to protect and transport goods, while its pulp products serve a range of consumer and industrial applications. The company traces its origins to 1898, when several U.S. paper manufacturers combined to form International Paper. Over time, it has evolved through acquisitions and changes to its business, with a focus on renewable, fiber-based materials and packaging solutions.