American Century Companies Inc. Has $449.65 Million Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

American Century Companies Inc. boosted its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 7.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,555,660 shares of the industrial products company's stock after purchasing an additional 1,206,295 shares during the period. American Century Companies Inc. owned 5.52% of Graphic Packaging worth $449,652,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in GPK. Truvestments Capital LLC acquired a new position in Graphic Packaging during the 3rd quarter worth $30,000. Picton Mahoney Asset Management grew its holdings in shares of Graphic Packaging by 55.4% in the 4th quarter. Picton Mahoney Asset Management now owns 1,105 shares of the industrial products company's stock valued at $30,000 after buying an additional 394 shares during the period. Crews Bank & Trust bought a new stake in shares of Graphic Packaging in the fourth quarter worth about $32,000. Avior Wealth Management LLC raised its holdings in Graphic Packaging by 2,484.0% during the 4th quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after buying an additional 1,242 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its position in Graphic Packaging by 92.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock valued at $39,000 after acquiring an additional 689 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GPK. Truist Financial decreased their target price on shares of Graphic Packaging from $31.00 to $30.00 and set a "hold" rating for the company in a research report on Monday. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $24.00 to $27.00 in a report on Monday, January 6th. Robert W. Baird decreased their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a report on Wednesday, February 5th. Finally, Citigroup restated a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.37.

Graphic Packaging Price Performance

NYSE:GPK traded up $0.51 during trading hours on Wednesday, reaching $25.78. 1,540,714 shares of the company were exchanged, compared to its average volume of 2,318,257. The company has a market capitalization of $7.74 billion, a P/E ratio of 11.93, a P/E/G ratio of 2.10 and a beta of 0.81. Graphic Packaging Holding has a 1-year low of $24.50 and a 1-year high of $30.70. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.46 and a quick ratio of 0.54. The business has a 50 day moving average of $26.83 and a 200 day moving average of $28.10.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.04). Graphic Packaging had a return on equity of 25.96% and a net margin of 7.47%. The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the firm posted $0.75 EPS. Graphic Packaging's quarterly revenue was down 6.8% on a year-over-year basis. Research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

The company 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 dividend of $0.11 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.44 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's payout ratio is currently 20.37%.

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.