Graphic Packaging Holding (NYSE:GPK) Shares Sold by US Bancorp DE

US Bancorp DE reduced its stake in shares of Graphic Packaging Holding (NYSE:GPK) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 13,639 shares of the industrial products company’s stock after selling 408 shares during the quarter. US Bancorp DE’s holdings in Graphic Packaging were worth $370,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. Howard Capital Management Group LLC grew its position in Graphic Packaging by 0.3% during the third quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company’s stock worth $29,826,000 after buying an additional 2,969 shares during the period. Assetmark Inc. lifted its holdings in shares of Graphic Packaging by 846.4% in the third quarter. Assetmark Inc. now owns 84,383 shares of the industrial products company’s stock valued at $2,497,000 after purchasing an additional 75,467 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Graphic Packaging in the third quarter valued at about $271,000. MQS Management LLC purchased a new stake in shares of Graphic Packaging in the third quarter valued at about $454,000. Finally, KBC Group NV lifted its holdings in shares of Graphic Packaging by 1.8% in the third quarter. KBC Group NV now owns 26,805 shares of the industrial products company’s stock valued at $793,000 after purchasing an additional 465 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Graphic Packaging Stock Performance

Shares of GPK opened at $26.19 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.54 and a current ratio of 1.46. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 2.10 and a beta of 0.81. The company’s 50 day simple moving average is $27.01 and its 200 day simple moving average is $28.35. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70.

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

Graphic Packaging Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th will be paid a dividend of $0.11 per share. The ex-dividend date is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.68%. This is an increase from Graphic Packaging’s previous quarterly dividend of $0.10. Graphic Packaging’s dividend payout ratio (DPR) is currently 20.37%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Truist Financial upped their price target 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. Citigroup reaffirmed a “neutral” rating and issued a $30.00 price target (down previously 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 target for the company from $24.00 to $27.00 in a report on Monday, January 6th. Finally, Robert W. Baird reduced their price target 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average 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.