Graphic Packaging Holding (NYSE:GPK) Shares Sold by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 3.4% in the first quarter, Holdings Channel reports. The firm owned 161,289 shares of the industrial products company’s stock after selling 5,650 shares during the period. Baker Ellis Asset Management LLC’s holdings in Graphic Packaging were worth $4,706,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GPK. PNC Financial Services Group Inc. increased its position in shares of Graphic Packaging by 7.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,440 shares of the industrial products company’s stock worth $433,000 after purchasing an additional 1,297 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Graphic Packaging by 74.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 730,163 shares of the industrial products company’s stock valued at $16,268,000 after acquiring an additional 312,441 shares during the period. Hsbc Holdings PLC boosted its holdings in Graphic Packaging by 13.9% during the 3rd quarter. Hsbc Holdings PLC now owns 23,575 shares of the industrial products company’s stock valued at $525,000 after acquiring an additional 2,880 shares during the period. Mariner LLC boosted its holdings in Graphic Packaging by 3.1% during the 3rd quarter. Mariner LLC now owns 177,462 shares of the industrial products company’s stock valued at $3,954,000 after acquiring an additional 5,255 shares during the period. Finally, Federated Hermes Inc. boosted its holdings in Graphic Packaging by 59.1% during the 3rd quarter. Federated Hermes Inc. now owns 200,849 shares of the industrial products company’s stock valued at $4,475,000 after acquiring an additional 74,609 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Graphic Packaging Stock Down 0.2 %

GPK stock traded down $0.05 during trading on Friday, hitting $26.21. 6,645,559 shares of the company’s stock were exchanged, compared to its average volume of 2,351,848. The business has a 50-day moving average price of $27.47 and a two-hundred day moving average price of $26.68. The stock has a market capitalization of $8.05 billion, a price-to-earnings ratio of 11.86, a PEG ratio of 9.68 and a beta of 0.87. Graphic Packaging Holding has a 52-week low of $20.07 and a 52-week high of $29.50. The company has a current ratio of 1.24, a quick ratio of 0.52 and a debt-to-equity ratio of 1.72.

Graphic Packaging (NYSE:GPK) last released its earnings results on Tuesday, April 30th. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.38 billion. Graphic Packaging had a return on equity of 32.55% and a net margin of 7.36%. The company’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. As a group, equities research analysts expect that Graphic Packaging Holding will post 2.66 EPS for the current year.

Graphic Packaging Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Saturday, June 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.53%. Graphic Packaging’s dividend payout ratio (DPR) is presently 18.10%.

Analyst Ratings Changes

GPK has been the subject of a number of research analyst reports. Citigroup raised their target price on Graphic Packaging from $32.00 to $34.00 and gave the company a “buy” rating in a report on Thursday, April 4th. Wells Fargo & Company reiterated an “underweight” rating and issued a $21.00 price objective on shares of Graphic Packaging in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Graphic Packaging has a consensus rating of “Hold” and an average target price of $28.13.

About Graphic Packaging

Graphic Packaging Holding Company, together with its subsidiaries, designs, produces, and sells consumer packaging products to brands in food, beverage, foodservice, household, and other consumer products. It operates through three segments: Paperboard Manufacturing, Americas Paperboard Packaging, and Europe Paperboard Packaging.