Graphic Packaging Holding (NYSE:GPK) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 23.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 338,557 shares of the industrial products company's stock after acquiring an additional 64,981 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.11% of Graphic Packaging worth $9,195,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GPK. Howard Capital Management Group LLC increased its position in shares of Graphic Packaging by 0.3% during the 3rd quarter. Howard Capital Management Group LLC now owns 1,007,968 shares of the industrial products company's stock worth $29,826,000 after purchasing an additional 2,969 shares during the last quarter. Cerity Partners LLC boosted its stake in Graphic Packaging by 18.2% during the third quarter. Cerity Partners LLC now owns 21,935 shares of the industrial products company's stock worth $649,000 after buying an additional 3,376 shares during the period. Bank of Montreal Can increased its position in shares of Graphic Packaging by 144.6% during the third quarter. Bank of Montreal Can now owns 104,957 shares of the industrial products company's stock valued at $3,096,000 after acquiring an additional 62,041 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Graphic Packaging by 297.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 362,286 shares of the industrial products company's stock valued at $10,720,000 after acquiring an additional 271,134 shares during the period. Finally, Townsquare Capital LLC acquired a new position in shares of Graphic Packaging in the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

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Wall Street Analyst Weigh In

GPK has been the topic of a number of research analyst reports. Truist Financial cut their target price on Graphic Packaging from $31.00 to $30.00 and set a "hold" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $24.00 to $27.00 in a report on Monday, January 6th. Citigroup restated a "neutral" rating and set a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Finally, Robert W. Baird cut their price target 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $31.37.

Graphic Packaging Stock Down 3.8 %

NYSE GPK traded down $1.01 during trading hours on Friday, hitting $25.14. 5,687,175 shares of the company were exchanged, compared to its average volume of 2,413,166. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 2.10 and a beta of 0.81. The company has a 50 day moving average of $26.57 and a two-hundred day moving average of $27.92. Graphic Packaging Holding has a 52-week low of $24.50 and a 52-week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last released its 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 firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.15 billion. During the same quarter in the previous year, the company posted $0.75 earnings per share. The firm's quarterly revenue was down 6.8% on a year-over-year basis. Equities research analysts anticipate that Graphic Packaging Holding will post 2.47 earnings per share for the current year.

Graphic Packaging Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 5th. Investors of record on Saturday, March 15th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.75%. The ex-dividend date is Friday, March 14th. This is a positive change from Graphic Packaging's previous quarterly dividend of $0.10. Graphic Packaging's dividend payout ratio is 20.37%.

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.