Premier Fund Managers Ltd Has $101.55 Million Holdings in Graphic Packaging Holding (NYSE:GPK)

Premier Fund Managers Ltd increased its stake in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,441,614 shares of the industrial products company's stock after buying an additional 302,680 shares during the quarter. Graphic Packaging accounts for 3.6% of Premier Fund Managers Ltd's investment portfolio, making the stock its largest holding. Premier Fund Managers Ltd owned 1.15% of Graphic Packaging worth $101,545,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. grew its position in shares of Graphic Packaging by 1.1% during the 2nd quarter. 1832 Asset Management L.P. now owns 32,827 shares of the industrial products company's stock valued at $860,000 after acquiring an additional 369 shares during the period. Graypoint LLC raised its stake in shares of Graphic Packaging by 2.4% in the second quarter. Graypoint LLC now owns 17,473 shares of the industrial products company's stock valued at $458,000 after buying an additional 402 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Graphic Packaging by 0.8% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 54,259 shares of the industrial products company's stock valued at $1,422,000 after buying an additional 406 shares during the last quarter. Fiduciary Family Office LLC increased its holdings in Graphic Packaging by 2.6% in the 2nd quarter. Fiduciary Family Office LLC now owns 16,811 shares of the industrial products company's stock worth $441,000 after acquiring an additional 423 shares during the last quarter. Finally, KBC Group NV raised its stake in Graphic Packaging by 1.8% in the 3rd quarter. KBC Group NV now owns 26,805 shares of the industrial products company's stock valued at $793,000 after acquiring an additional 465 shares during the period. Institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

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

Graphic Packaging Price Performance

Shares of NYSE:GPK traded up $0.19 during trading on Wednesday, reaching $28.43. The company had a trading volume of 184,296 shares, compared to its average volume of 2,542,649. The stock has a market capitalization of $8.53 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 10.98 and a beta of 0.83. The company has a current ratio of 1.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.78. Graphic Packaging Holding has a 12 month low of $22.12 and a 12 month high of $30.70. The company has a fifty day moving average of $29.19 and a two-hundred day moving average of $28.34.

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

Graphic Packaging Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, January 5th. Investors of record on Sunday, December 15th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.40 annualized dividend and a dividend yield of 1.41%. Graphic Packaging's payout ratio is presently 17.09%.

Insider Activity at Graphic Packaging

In other Graphic Packaging news, EVP Michael James Farrell sold 25,900 shares of the firm's stock in a transaction on 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 owns 81,026 shares of the company's stock, valued at approximately $2,348,943.74. This trade represents a 24.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

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.