Janus Henderson Group PLC Has $4.16 Million Stake in International Paper Company $IP

Janus Henderson Group PLC increased its position in shares of International Paper Company (NYSE:IP) by 76.8% during the first quarter, HoldingsChannel reports. The fund owned 116,650 shares of the basic materials company’s stock after buying an additional 50,669 shares during the quarter. Janus Henderson Group PLC’s holdings in International Paper were worth $4,164,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IP. McIlrath & Eck LLC boosted its stake in shares of International Paper by 452.6% during the fourth quarter. McIlrath & Eck LLC now owns 641 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 525 shares in the last quarter. MV Capital Management Inc. bought a new position in International Paper in the 4th quarter valued at approximately $25,000. Ascentis Independent Advisors acquired a new stake in International Paper during the 1st quarter worth approximately $28,000. DV Equities LLC bought a new stake in International Paper during the 4th quarter worth approximately $29,000. Finally, Sound Income Strategies LLC increased its position in International Paper by 94.0% in the 4th quarter. Sound Income Strategies LLC now owns 710 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 344 shares during the period. 81.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IP has been the topic of several analyst reports. Royal Bank Of Canada boosted their price objective on shares of International Paper from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Loop Capital set a $61.00 target price on International Paper in a report on Tuesday, July 28th. Seaport Research Partners raised International Paper from a “neutral” rating to a “buy” rating and set a $39.00 price target for the company in a research note on Friday, May 1st. Wells Fargo & Company raised their price objective on International Paper from $42.00 to $46.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Finally, UBS Group lifted their price objective on International Paper from $40.00 to $47.00 and gave the stock a “neutral” rating in a research note on Friday, July 31st. Nine analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, International Paper currently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

International Paper Stock Performance

IP stock opened at $41.55 on Friday. The firm has a market cap of $22.00 billion, a PE ratio of -6.37 and a beta of 0.94. The company has a current ratio of 1.10, a quick ratio of 0.84 and a debt-to-equity ratio of 0.57. The stock has a 50-day moving average price of $37.79 and a 200-day moving average price of $37.99. International Paper Company has a 1-year low of $29.26 and a 1-year high of $50.25.

International Paper (NYSE:IP) last released its earnings results on Thursday, July 30th. The basic materials company reported $0.04 EPS for the quarter, topping 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 quarter last year, the firm posted $0.20 earnings per share. The firm’s revenue was down 11.3% on a year-over-year basis. As a group, equities research analysts expect that International Paper Company will post 1.38 earnings per share for the current year.

International Paper Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Friday, August 14th will be paid a dividend of $0.4625 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.85 annualized dividend and a yield of 4.5%. International Paper’s dividend payout ratio is currently -28.37%.

Insider Buying and Selling

In other International Paper news, CAO Holly G. Goughnour sold 3,500 shares of International Paper stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $41.96, for a total value of $146,860.00. Following the completion of the sale, the chief accounting officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.21% of the company’s stock.

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.