Bank of New York Mellon Corp Has $485.57 Million Stake in International Paper Company $IP

Key Points

• Bank of New York Mellon boosted its stake in International Paper by 66.2% in Q1, ending with 13.6 million shares valued at about $485.6 million, or roughly 2.57% of the company.
• Recent analyst action was mixed but leaned constructive: Truist reiterated Buy and raised its price target, while other firms adjusted targets and Bank of America reportedly downgraded the stock to Neutral.
• International Paper also announced a quarterly dividend of $0.4625 per share and a planned closure of its Carrollton South, Texas packaging facility by the end of Q3 2026, a move aimed at streamlining operations.

Bank of New York Mellon Corp increased its stake in International Paper Company (NYSE:IP - Free Report) by 66.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,601,299 shares of the basic materials company's stock after purchasing an additional 5,417,274 shares during the period. Bank of New York Mellon Corp owned approximately 2.57% of International Paper worth $485,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in IP. Dynamic Technology Lab Private Ltd bought a new position in shares of International Paper during the first quarter worth about $249,000. Intech Investment Management LLC boosted its position in International Paper by 100.5% during the 1st quarter. Intech Investment Management LLC now owns 32,025 shares of the basic materials company's stock worth $1,709,000 after acquiring an additional 16,055 shares during the last quarter. Cresset Asset Management LLC grew its stake in shares of International Paper by 20.8% during the 2nd quarter. Cresset Asset Management LLC now owns 17,345 shares of the basic materials company's stock worth $812,000 after acquiring an additional 2,981 shares in the last quarter. Jump Financial LLC increased its stake in 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 buying an additional 28,092 shares during the last quarter. Finally, Cerity Partners LLC grew 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 acquiring an additional 2,493 shares in the last quarter. Institutional investors own 81.95% of the company's stock.

Key Headlines 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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IP shares. Truist Financial increased their price objective on International Paper from $40.00 to $46.00 and gave the company a "buy" rating in a report on Wednesday. Weiss Ratings downgraded shares of International Paper from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday, April 27th. Royal Bank Of Canada dropped their price target on shares of International Paper from $48.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price target on shares of International Paper from $43.00 to $51.00 and gave the company a "neutral" rating in a research note on Thursday, July 9th. Finally, UBS Group decreased 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 analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, International Paper currently has an average rating of "Moderate Buy" and a consensus target price of $44.06.

International Paper Stock Performance

NYSE IP opened at $37.88 on Friday. The stock has a market cap of $20.06 billion, a PE ratio of -5.96 and a beta of 0.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.94 and a current ratio of 1.21. The firm has a 50-day moving average of $34.95 and a 200-day moving average of $38.05. International Paper Company has a 52-week low of $29.26 and a 52-week high of $56.13.

International Paper (NYSE:IP - Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The basic materials company reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.03). The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $6.02 billion. International Paper had a negative net margin of 13.42% and a negative return on equity of 0.49%. The firm's quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter last year, the company posted $0.17 EPS. On average, sell-side analysts anticipate that International Paper Company will post 1.38 EPS for the current year.

International Paper Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.4625 per share. The ex-dividend date is Friday, August 14th. This represents a $1.85 dividend on an annualized basis and a dividend yield of 4.9%. International Paper's dividend payout ratio (DPR) is -29.09%.

Insiders Place Their Bets

In other news, Director Scott Tozier purchased 10,000 shares of the company's stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $31.30 per share, with a total value of $313,000.00. Following the acquisition, the director owned 10,025 shares in the company, valued at approximately $313,782.50. This trade represents a 40,000.00% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company's stock.

About International Paper

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.

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