5 Best Paper Stocks To Buy Now

2. International Paper Company (NYSE:IP)

Number of Hedge Fund Holders: 25

International Paper Company (NYSE:IP) is a global leader in the production and distribution of packaging, pulp, and paper products. The company ranks second on our list of the best paper stocks to buy now. In the first quarter of 2023, the company posted an EPS of $0.53, which beat Street estimates by $0.06. During the quarter, it returned $345 million to shareholders through dividends and share repurchases.

International Paper Company (NYSE:IP) was a part of 25 hedge fund portfolios in Q1 2023, according to Insider Monkey’s database. The stakes held by these funds have a total value of roughly $440 million. With over 6.3 million shares, Greenhaven Associates was the company’s leading stakeholder in Q1.

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