Tredje AP fonden Cuts Stake in Graphic Packaging Holding (NYSE:GPK)

Tredje AP fonden reduced its stake in Graphic Packaging Holding (NYSE:GPK) by 72.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 45,000 shares of the industrial products company’s stock after selling 119,751 shares during the quarter. Tredje AP fonden’s holdings in Graphic Packaging were worth $1,222,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC boosted its holdings in shares of Graphic Packaging by 12.6% in the 3rd quarter. FMR LLC now owns 20,460,161 shares of the industrial products company’s stock worth $605,416,000 after buying an additional 2,294,688 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Graphic Packaging by 11.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 16,503,189 shares of the industrial products company’s stock valued at $441,990,000 after purchasing an additional 1,702,764 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Graphic Packaging by 8.0% during the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company’s stock valued at $313,957,000 after purchasing an additional 787,266 shares during the last quarter. Amundi lifted its holdings in Graphic Packaging by 6.7% during the fourth quarter. Amundi now owns 4,799,090 shares of the industrial products company’s stock valued at $128,178,000 after purchasing an additional 302,168 shares during the last quarter. Finally, Premier Fund Managers Ltd lifted its holdings in Graphic Packaging by 9.6% during the third quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company’s stock valued at $101,545,000 after purchasing an additional 302,680 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Graphic Packaging Trading Up 0.0 %

Shares of Graphic Packaging stock opened at $26.22 on Friday. Graphic Packaging Holding has a 12-month low of $25.13 and a 12-month high of $30.70. The company has a market cap of $7.87 billion, a price-to-earnings ratio of 12.14, a PEG ratio of 2.10 and a beta of 0.81. The company has a current ratio of 1.46, a quick ratio of 0.54 and a debt-to-equity ratio of 1.71. The company’s 50-day moving average price is $27.00 and its 200-day moving average price is $28.33.

Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.04). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.15 billion. Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter last year, the company posted $0.75 earnings per share. On average, equities analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. This is a boost from Graphic Packaging’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, March 14th. Graphic Packaging’s dividend payout ratio is 20.37%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on GPK shares. Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Wells Fargo & Company raised shares of Graphic Packaging from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial upped their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the company a “hold” rating in a report on Monday, January 6th. Finally, Robert W. Baird dropped their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an “outperform” rating on the stock in a report on Wednesday, February 5th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.70.

Graphic Packaging Company Profile

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.