Wells Fargo & Company MN trimmed its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 13.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 897,354 shares of the industrial products company’s stock after selling 136,584 shares during the period. Wells Fargo & Company MN owned about 0.29% of Graphic Packaging worth $13,864,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Boston Partners raised its holdings in shares of Graphic Packaging by 4.7% in the 4th quarter. Boston Partners now owns 24,330,228 shares of the industrial products company’s stock valued at $375,902,000 after purchasing an additional 1,087,989 shares during the period. Janus Henderson Group PLC raised its holdings in shares of Graphic Packaging by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 9,022,954 shares of the industrial products company’s stock valued at $125,871,000 after purchasing an additional 548,688 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Graphic Packaging by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,864,197 shares of the industrial products company’s stock valued at $67,854,000 after purchasing an additional 25,315 shares during the period. Schroder Investment Management Group raised its holdings in shares of Graphic Packaging by 4,802.3% in the 3rd quarter. Schroder Investment Management Group now owns 3,641,767 shares of the industrial products company’s stock valued at $50,475,000 after purchasing an additional 3,567,480 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in shares of Graphic Packaging by 7.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,035,861 shares of the industrial products company’s stock valued at $42,353,000 after purchasing an additional 219,336 shares during the period. 99.83% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Graphic Packaging from a “buy” rating to a “sell” rating in a report on Tuesday, March 6th. BMO Capital Markets dropped their target price on shares of Graphic Packaging from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Wednesday, February 7th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $19.00 target price on shares of Graphic Packaging in a report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $17.21.
Graphic Packaging Holding (GPK) opened at $15.31 on Friday. The firm has a market cap of $4,778.91, a PE ratio of 15.79, a price-to-earnings-growth ratio of 3.37 and a beta of 1.16. The company has a quick ratio of 0.63, a current ratio of 1.37 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a fifty-two week low of $12.53 and a fifty-two week high of $16.74.
Graphic Packaging (NYSE:GPK) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.02). The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging had a net margin of 6.82% and a return on equity of 17.09%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. equities research analysts anticipate that Graphic Packaging Holding will post 0.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th will be issued a $0.075 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.30 annualized dividend and a yield of 1.96%. Graphic Packaging’s dividend payout ratio is currently 30.93%.
In other Graphic Packaging news, SVP Joseph P. Yost sold 15,137 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $15.60, for a total value of $236,137.20. Following the transaction, the senior vice president now directly owns 343,472 shares of the company’s stock, valued at approximately $5,358,163.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Joseph P. Yost sold 50,000 shares of the stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $15.00, for a total transaction of $750,000.00. Following the completion of the transaction, the senior vice president now directly owns 306,926 shares in the company, valued at $4,603,890. The disclosure for this sale can be found here. Over the last three months, insiders sold 215,137 shares of company stock worth $3,311,137. Insiders own 1.02% of the company’s stock.
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Graphic Packaging Profile
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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