Candriam S.C.A. Trims Stock Holdings in Graphic Packaging Holding (NYSE:GPK)

Candriam S.C.A. decreased its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 41.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,836 shares of the industrial products company's stock after selling 120,073 shares during the period. Candriam S.C.A. owned about 0.06% of Graphic Packaging worth $4,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Truvestments Capital LLC purchased a new position in Graphic Packaging in the 3rd quarter worth about $30,000. Crews Bank & Trust bought a new position in Graphic Packaging in the 4th quarter worth about $32,000. Avior Wealth Management LLC increased its position in shares of Graphic Packaging by 2,484.0% during the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after acquiring an additional 1,242 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of Graphic Packaging by 92.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,432 shares of the industrial products company's stock worth $39,000 after acquiring an additional 689 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Graphic Packaging by 58.2% during the fourth quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after acquiring an additional 549 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

Several research analysts recently issued reports on GPK shares. Wells Fargo & Company raised Graphic Packaging from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $24.00 to $27.00 in a research note on Monday, January 6th. Truist Financial upped their price objective on shares of Graphic Packaging from $30.00 to $32.00 and gave the stock a "hold" rating in a research note on Monday, January 6th. Citigroup reissued a "neutral" rating and set a $30.00 target price (down previously from $33.00) on shares of Graphic Packaging in a research report on Monday, January 6th. Finally, Robert W. Baird reduced their price objective on shares of Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a research note on Wednesday, February 5th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Graphic Packaging currently has a consensus rating of "Hold" and a consensus target price of $31.70.

Graphic Packaging Stock Down 4.2 %

Shares of Graphic Packaging stock traded down $1.16 on Wednesday, reaching $26.27. The stock had a trading volume of 4,670,767 shares, compared to its average volume of 2,341,512. Graphic Packaging Holding has a 1 year low of $25.13 and a 1 year high of $30.70. The company has a 50 day moving average price of $27.03 and a 200 day moving average price of $28.36. 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 stock has a market capitalization of $7.89 billion, a P/E ratio of 12.16, a P/E/G ratio of 2.10 and a beta of 0.81.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm's revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, equities research analysts forecast that Graphic Packaging Holding will post 2.47 EPS for the current year.

Graphic Packaging Increases Dividend

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

Graphic Packaging 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.