Barclays PLC Has $10.76 Million Stock Position in Graphic Packaging Holding (NYSE:GPK)

Barclays PLC reduced its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 396,046 shares of the industrial products company's stock after selling 241,153 shares during the period. Barclays PLC owned about 0.13% of Graphic Packaging worth $10,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Howard Capital Management Group LLC increased its stake in Graphic Packaging by 0.3% in the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock valued at $29,826,000 after buying an additional 2,969 shares during the last quarter. Virtu Financial LLC bought a new stake in Graphic Packaging during the 3rd quarter valued at $359,000. World Investment Advisors LLC bought a new stake in shares of Graphic Packaging during the 3rd quarter valued at about $414,000. Wilmington Savings Fund Society FSB purchased a new stake in Graphic Packaging in the third quarter worth about $73,000. Finally, Tidal Investments LLC grew its holdings in shares of Graphic Packaging by 75.0% during the third quarter. Tidal Investments LLC now owns 48,090 shares of the industrial products company's stock valued at $1,423,000 after buying an additional 20,604 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Price Performance

Shares of Graphic Packaging stock traded down $0.32 during trading on Friday, hitting $25.01. The stock had a trading volume of 1,231,505 shares, compared to its average volume of 2,427,427. The firm has a market cap of $7.55 billion, a P/E ratio of 11.57, a PEG ratio of 2.10 and a beta of 0.80. Graphic Packaging Holding has a fifty-two week low of $23.03 and a fifty-two week 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 fifty day moving average of $25.80 and a two-hundred day moving average of $27.42.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $0.59 earnings per share 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period last year, the company posted $0.75 earnings per share. The company's revenue was down 6.8% compared to the same quarter last year. On average, sell-side analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Shareholders of record on Saturday, March 15th were issued a dividend of $0.11 per share. This is an increase from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. This represents a $0.44 annualized dividend and a yield of 1.76%. Graphic Packaging's dividend payout ratio is currently 20.37%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on GPK shares. Truist Financial dropped their price target on shares of Graphic Packaging from $30.00 to $28.00 and set a "hold" rating for the company in a research report on Tuesday. Citigroup reissued 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. Robert W. Baird lowered their target price on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 5th. Raymond James cut their price target on Graphic Packaging from $32.00 to $30.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Graphic Packaging presently has an average rating of "Moderate Buy" and an average price target of $30.89.

About Graphic Packaging

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.