Janus Henderson Group PLC Purchases 50,669 Shares of International Paper Company $IP

Janus Henderson Group PLC grew its position in International Paper Company (NYSE:IP) by 76.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,650 shares of the basic materials company’s stock after purchasing an additional 50,669 shares during the period. Janus Henderson Group PLC’s holdings in International Paper were worth $4,164,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IP. McIlrath & Eck LLC boosted its position in International Paper by 452.6% during the 4th quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 525 shares during the last quarter. MV Capital Management Inc. bought a new stake in shares of International Paper in the fourth quarter worth $25,000. Ascentis Independent Advisors acquired a new position in International Paper during the first quarter worth $28,000. DV Equities LLC bought a new position in International Paper in the fourth quarter valued at $29,000. Finally, Sound Income Strategies LLC grew its position in International Paper by 94.0% in the fourth quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 344 shares in the last quarter. 81.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of International Paper from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $51.00 to $61.00 in a research report on Tuesday, July 28th. Royal Bank Of Canada upped their target price on International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a report on Friday, July 31st. Citigroup raised their price target on International Paper from $43.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, July 31st. UBS Group boosted their price target on International Paper from $40.00 to $47.00 and gave the stock a “neutral” rating in a research report on Friday, July 31st. Finally, Seaport Research Partners raised International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $48.75.

International Paper Trading Up 2.5%

Shares of International Paper stock opened at $41.55 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.84 and a current ratio of 1.10. The firm has a 50-day moving average of $37.79 and a 200-day moving average of $37.99. International Paper Company has a 52-week low of $29.26 and a 52-week high of $50.25. The stock has a market cap of $22.00 billion, a PE ratio of -6.37 and a beta of 0.94.

International Paper (NYSE:IP) last issued its quarterly earnings results on Thursday, July 30th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. International Paper had a negative return on equity of 1.09% and a negative net margin of 14.20%.The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the previous year, the company posted $0.20 earnings per share. The firm’s revenue for the quarter was down 11.3% compared to the same quarter last year. As a group, sell-side analysts forecast that International Paper Company will post 1.38 EPS for the current year.

International Paper Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Friday, August 14th will be paid a $0.4625 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.85 annualized dividend and a dividend yield of 4.5%. International Paper’s dividend payout ratio (DPR) is presently -28.37%.

Insider Activity

In other news, CAO Holly G. Goughnour sold 3,500 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $41.96, for a total transaction of $146,860.00. Following the completion of the transaction, the chief accounting officer owned 34,248 shares of the company’s stock, valued at approximately $1,437,046.08. The trade was a 9.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

International Paper 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.