Fmr LLC Lowers Holdings in Graphic Packaging Holding (NYSE:GPK)

FMR LLC reduced its holdings in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 25.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 15,319,006 shares of the industrial products company's stock after selling 5,141,155 shares during the period. FMR LLC owned about 5.10% of Graphic Packaging worth $416,064,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Picton Mahoney Asset Management lifted its holdings in Graphic Packaging by 55.4% during 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 in the last quarter. Crews Bank & Trust purchased a new stake in shares of Graphic Packaging in the fourth quarter valued at approximately $32,000. Avior Wealth Management LLC grew its stake in Graphic Packaging by 2,484.0% in the fourth quarter. Avior Wealth Management LLC now owns 1,292 shares of the industrial products company's stock worth $35,000 after purchasing an additional 1,242 shares in the last quarter. Steward Partners Investment Advisory LLC raised its position in Graphic Packaging by 92.7% during 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 purchasing an additional 689 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Graphic Packaging by 58.2% during the 4th quarter. UMB Bank n.a. now owns 1,493 shares of the industrial products company's stock valued at $41,000 after purchasing an additional 549 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

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Graphic Packaging Stock Up 0.3 %

Shares of GPK traded up $0.08 during mid-day trading on Tuesday, hitting $25.10. 314,785 shares of the company traded hands, compared to its average volume of 2,421,348. The business has a 50 day moving average of $26.08 and a 200 day moving average of $27.63. The company has a market capitalization of $7.57 billion, a PE ratio of 11.61, a price-to-earnings-growth ratio of 2.10 and a beta of 0.80. The company has a quick ratio of 0.54, a current ratio of 1.46 and a debt-to-equity ratio of 1.71. Graphic Packaging Holding has a 1-year low of $23.03 and a 1-year high of $30.70.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $0.59 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the previous year, the firm posted $0.75 earnings per share. The company'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 EPS for the current year.

Graphic Packaging Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, April 5th. Stockholders of record on Saturday, March 15th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.75%. This is a boost from Graphic Packaging's previous quarterly dividend of $0.10. The ex-dividend date was Friday, March 14th. Graphic Packaging's dividend payout ratio (DPR) is presently 20.37%.

Analyst Ratings Changes

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

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.