Wells Fargo & Company MN lessened its holdings in shares of Graphic Packaging Holding (NYSE:GPK) by 13.2% during the 4th quarter, according to 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 quarter. Wells Fargo & Company MN owned approximately 0.29% of Graphic Packaging worth $13,864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GPK. California Public Employees Retirement System increased its holdings in Graphic Packaging by 3.3% in the 3rd quarter. California Public Employees Retirement System now owns 690,502 shares of the industrial products company’s stock valued at $9,633,000 after acquiring an additional 22,202 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Graphic Packaging in the 3rd quarter valued at $2,951,000. Sei Investments Co. increased its holdings in Graphic Packaging by 24.7% in the 3rd quarter. Sei Investments Co. now owns 880,593 shares of the industrial products company’s stock valued at $12,284,000 after acquiring an additional 174,462 shares during the last quarter. Cornerstone Capital Management Holdings LLC. bought a new stake in Graphic Packaging in the 3rd quarter valued at $3,806,000. Finally, Highland Capital Management LLC increased its holdings in shares of Graphic Packaging by 5.1% in the 4th quarter. Highland Capital Management LLC now owns 329,980 shares of the industrial products company’s stock worth $5,098,000 after buying an additional 16,148 shares during the last quarter. Institutional investors own 99.83% of the company’s stock.
A number of research firms have recently weighed in on GPK. Citigroup reduced their target price on shares of Graphic Packaging from $19.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday. ValuEngine upgraded shares of Graphic Packaging from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Graphic Packaging from a “hold” rating to a “sell” rating in a report on Friday, March 16th. BMO Capital Markets cut their price target 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 reissued a “buy” rating and issued a $19.00 price objective on shares of Graphic Packaging in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Graphic Packaging presently has an average rating of “Buy” and an average target price of $17.31.
In other news, SVP Joseph P. Yost sold 50,000 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $15.00, for a total value of $750,000.00. Following the sale, the senior vice president now owns 306,926 shares in the company, valued at $4,603,890. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alan R. Nichols sold 150,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $15.50, for a total transaction of $2,325,000.00. Following the completion of the sale, the senior vice president now owns 123,885 shares in the company, valued at approximately $1,920,217.50. The disclosure for this sale can be found here. Insiders have sold a total of 215,137 shares of company stock worth $3,311,137 in the last 90 days. 1.02% of the stock is currently owned by company insiders.
Shares of GPK traded down $0.31 during mid-day trading on Friday, hitting $15.37. The company’s stock had a trading volume of 3,080,550 shares, compared to its average volume of 2,181,136. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.63 and a current ratio of 1.37. The stock has a market capitalization of $4,856.34, a PE ratio of 24.40, a PEG ratio of 3.60 and a beta of 1.15. Graphic Packaging Holding has a 52-week low of $12.65 and a 52-week high of $16.74.
Graphic Packaging (NYSE:GPK) last posted its quarterly earnings data on Tuesday, February 6th. The industrial products company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Graphic Packaging had a return on equity of 17.09% and a net margin of 6.82%. The company’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. equities research analysts forecast that Graphic Packaging Holding will post 0.87 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 5th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.075 per share. The ex-dividend date was Wednesday, March 14th. This represents a $0.30 dividend on an annualized basis and a yield of 1.95%. Graphic Packaging’s payout ratio is 47.62%.
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Graphic Packaging Company 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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