Charles Schwab Investment Management Inc. Sells 25,855 Shares of Graphic Packaging Holding (NYSE:GPK)

Charles Schwab Investment Management Inc. lessened its holdings in Graphic Packaging Holding (NYSE:GPK - Free Report) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,034,142 shares of the industrial products company's stock after selling 25,855 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.01% of Graphic Packaging worth $89,780,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in GPK. Allspring Global Investments Holdings LLC increased its holdings in Graphic Packaging by 24.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 14,800,425 shares of the industrial products company's stock valued at $437,945,000 after buying an additional 2,927,344 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Graphic Packaging by 41.9% during the 2nd quarter. American Century Companies Inc. now owns 12,115,566 shares of the industrial products company's stock worth $317,549,000 after buying an additional 3,576,877 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of Graphic Packaging by 7.9% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 9,600,600 shares of the industrial products company's stock worth $251,632,000 after purchasing an additional 706,486 shares during the period. Dimensional Fund Advisors LP lifted its position in Graphic Packaging by 6.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,054,530 shares of the industrial products company's stock valued at $158,693,000 after buying an additional 362,509 shares in the last quarter. Finally, Premier Fund Managers Ltd boosted its position in Graphic Packaging by 9.6% during the 3rd quarter. Premier Fund Managers Ltd now owns 3,441,614 shares of the industrial products company's stock worth $101,545,000 after purchasing an additional 302,680 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Graphic Packaging Trading Up 1.4 %

Graphic Packaging stock traded up $0.40 during trading hours on Wednesday, reaching $30.01. 2,347,742 shares of the company's stock traded hands, compared to its average volume of 2,546,506. The firm's 50 day moving average is $29.13 and its 200-day moving average is $28.39. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.72 and a current ratio of 1.73. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 11.51 and a beta of 0.83. Graphic Packaging Holding has a fifty-two week low of $22.12 and a fifty-two week high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last issued its earnings results on Tuesday, October 29th. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by ($0.04). Graphic Packaging had a net margin of 7.99% and a return on equity of 28.26%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the company posted $0.74 earnings per share. The firm's revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts predict that Graphic Packaging Holding will post 2.52 earnings per share for the current year.

Graphic Packaging Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.40 dividend on an annualized basis and a yield of 1.33%. Graphic Packaging's dividend payout ratio is currently 17.09%.

Insiders Place Their Bets

In related news, CAO Charles D. Lischer sold 12,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $29.65, for a total value of $355,800.00. Following the completion of the sale, the chief accounting officer now directly owns 49,849 shares of the company's stock, valued at approximately $1,478,022.85. This represents a 19.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael James Farrell sold 25,900 shares of the business's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $28.99, for a total transaction of $750,841.00. Following the completion of the transaction, the executive vice president now directly owns 81,026 shares in the company, valued at $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on GPK shares. Royal Bank of Canada cut their price objective on shares of Graphic Packaging from $35.00 to $34.00 and set an "outperform" rating on the stock in a report on Thursday, October 17th. Truist Financial cut Graphic Packaging from a "buy" rating to a "hold" rating and dropped their price target for the stock from $32.00 to $30.00 in a research report on Wednesday, October 30th. Robert W. Baird boosted their target price on shares of Graphic Packaging from $30.00 to $36.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. StockNews.com cut Graphic Packaging from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company raised their price objective on shares of Graphic Packaging from $21.00 to $24.00 and gave the company an "underweight" rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $31.53.

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.