BlackRock Amends International Paper Stake, Signals Position Update
Ticker: INPAP · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its International Paper holdings, watch for market reaction.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of International Paper Company's common stock as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures regarding their stake in the paper manufacturer. This matters to investors because BlackRock is a major institutional investor, and changes in their reported holdings can signal their confidence or lack thereof in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's updated ownership in International Paper, which can influence market perception and potentially impact the stock price as other investors react to a major institutional holder's position.
Risk Assessment
Risk Level: low — This filing is a routine disclosure by a large institutional investor and does not inherently signal high risk, but rather provides transparency.
Analyst Insight
A smart investor would note BlackRock's continued presence as a significant shareholder in International Paper and look for the specific percentage of ownership in the full filing to understand the magnitude of their stake, as this filing only indicates an amendment without providing the new percentage.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- International Paper Company (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 24, 2024 (date) — the filing date of the SC 13G/A amendment
- 460146103 (number) — the CUSIP number for International Paper Company's common stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 2)'.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the subject company whose securities are being reported?
The subject company is INTERNATIONAL PAPER CO /NEW/ (also referred to as INTERNATIONAL PAPER COMPANY), as identified under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL PAPER CO /NEW/'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by '[X] Rule 13d-1(b)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding INTERNATIONAL PAPER CO /NEW/ (INPAP).