Janus Henderson Group PLC Sells 170,380 Shares of International Paper (NYSE:IP)

Janus Henderson Group PLC decreased its stake in shares of International Paper (NYSE:IP - Free Report) by 84.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,193 shares of the basic materials company's stock after selling 170,380 shares during the period. Janus Henderson Group PLC's holdings in International Paper were worth $1,624,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IP. Price T Rowe Associates Inc. MD lifted its position in International Paper by 0.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 47,596,595 shares of the basic materials company's stock valued at $2,561,651,000 after acquiring an additional 368,648 shares during the period. Vanguard Group Inc. lifted its position in International Paper by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 41,195,085 shares of the basic materials company's stock valued at $2,217,119,000 after acquiring an additional 340,383 shares during the period. Capital Research Global Investors lifted its position in International Paper by 68.8% during the 4th quarter. Capital Research Global Investors now owns 29,904,546 shares of the basic materials company's stock valued at $1,609,462,000 after acquiring an additional 12,191,361 shares during the period. FMR LLC lifted its position in International Paper by 48.9% during the 4th quarter. FMR LLC now owns 26,559,812 shares of the basic materials company's stock valued at $1,429,449,000 after acquiring an additional 8,720,575 shares during the period. Finally, Geode Capital Management LLC lifted its position in International Paper by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 8,393,217 shares of the basic materials company's stock valued at $450,586,000 after acquiring an additional 24,816 shares during the period. Institutional investors own 81.95% of the company's stock.

International Paper Stock Performance

Shares of IP traded down $0.95 during mid-day trading on Friday, hitting $47.68. 2,695,755 shares of the company traded hands, compared to its average volume of 7,851,314. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.08 and a current ratio of 1.49. The stock has a 50-day moving average price of $48.51 and a two-hundred day moving average price of $53.16. International Paper has a 1 year low of $41.50 and a 1 year high of $60.36. The stock has a market cap of $25.17 billion, a price-to-earnings ratio of 30.37, a P/E/G ratio of 0.39 and a beta of 1.03.

International Paper (NYSE:IP - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $6.38 billion. International Paper had a net margin of 2.99% and a return on equity of 4.75%. The business's quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. Equities analysts anticipate that International Paper will post 2.77 earnings per share for the current year.

International Paper Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 23rd will be given a dividend of $0.4625 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.85 annualized dividend and a yield of 3.88%. International Paper's dividend payout ratio (DPR) is 158.12%.

Wall Street Analyst Weigh In

IP has been the subject of several recent analyst reports. Bank of America initiated coverage on shares of International Paper in a report on Thursday, February 13th. They issued a "neutral" rating for the company. JPMorgan Chase & Co. initiated coverage on shares of International Paper in a report on Thursday, March 20th. They issued an "overweight" rating and a $59.00 target price for the company. Wall Street Zen cut shares of International Paper from a "hold" rating to a "sell" rating in a report on Monday, May 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $64.00 target price on shares of International Paper in a report on Wednesday, March 26th. Finally, Truist Financial decreased their target price on shares of International Paper from $64.00 to $59.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $53.86.

Insider Activity at International Paper

In related news, CAO Holly G. Goughnour sold 7,500 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $44.85, for a total transaction of $336,375.00. Following the completion of the sale, the chief accounting officer now directly owns 31,525 shares in the company, valued at approximately $1,413,896.25. The trade was a 19.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.35% of the stock is currently owned by company insiders.

About International Paper

International Paper Company produces and sells renewable fiber-based packaging and pulp products in North America, Latin America, Europe, and North Africa. It operates through two segments, Industrial Packaging and Global Cellulose Fibers. The company offers linerboard, medium, whitetop, recycled linerboard, recycled medium and saturating kraft; and pulp for a range of applications, such as diapers, towel and tissue products, feminine care, incontinence, and other personal care products, as well as specialty pulps for use in textiles, construction materials, paints, coatings, and others.