State Street Corp. Updates Passive Stake in International Paper Co.
Ticker: INPAP · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, passive-investment
TL;DR
**State Street still holds International Paper, signaling institutional confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of common stock in International Paper Co. /New/ as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant, though passive, stake in the paper manufacturing giant. For investors, this matters because State Street's continued holding signals institutional confidence in International Paper, potentially influencing market perception and stability.
Why It Matters
This filing confirms a major institutional investor's continued interest in International Paper, which can be a positive signal for current and prospective shareholders regarding the stock's stability and long-term outlook.
Risk Assessment
Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate negative or positive risks to the company.
Analyst Insight
Investors should view this as a routine update confirming institutional presence, rather than a signal for immediate action. It reinforces the idea that International Paper is a stable holding for large funds.
Key Players & Entities
- State Street Corporation (company) — the reporting person filing the SC 13G/A
- International Paper Co /New/ (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- January 30, 2024 (date) — the date the SC 13G/A was filed
- 460146103 (number) — the CUSIP number for International Paper Co's common stock
Forward-Looking Statements
- State Street Corporation will maintain a significant, passive stake in International Paper Co. throughout 2024. (State Street Corporation) — high confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amended Schedule 13G filing under the Securities Exchange Act of 1934, as indicated by 'FORM TYPE: SC 13G/A' and 'AMENDED FILING' in the document.
Who is the reporting person in this filing?
The reporting person is STATE STREET CORPORATION, as explicitly stated under '1. NAME OF REPORTING PERSON: STATE STREET CORPORATION'.
What is the subject company whose securities are being reported?
The subject company is INTERNATIONAL PAPER CO /NEW/, identified as the 'NAME OF ISSUER' in the filing.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the common stock of International Paper Co is 460146103, as listed under 'CUSIP NUMBER' and 'CUSIP NO:460146103'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was 12/31/2023, as specified under 'DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding INTERNATIONAL PAPER CO /NEW/ (INPAP).