Graphic Packaging Holding (NYSE:GPK) Shares Purchased by Amundi

Amundi raised its position in shares of Graphic Packaging Holding (NYSE:GPK - Free Report) by 6.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,799,090 shares of the industrial products company's stock after buying an additional 302,168 shares during the period. Amundi owned about 1.60% of Graphic Packaging worth $128,178,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC boosted its position in shares of Graphic Packaging by 108.6% during the fourth quarter. Synergy Asset Management LLC now owns 64,343 shares of the industrial products company's stock worth $1,810,000 after buying an additional 33,493 shares during the period. Howard Capital Management Group LLC boosted its holdings in Graphic Packaging by 1.3% in the fourth quarter. Howard Capital Management Group LLC now owns 1,021,143 shares of the industrial products company's stock valued at $27,734,000 after purchasing an additional 13,175 shares during the period. JPMorgan Chase & Co. boosted its holdings in Graphic Packaging by 8.0% in the third quarter. JPMorgan Chase & Co. now owns 10,610,233 shares of the industrial products company's stock valued at $313,957,000 after purchasing an additional 787,266 shares during the period. Hennessy Advisors Inc. purchased a new position in Graphic Packaging in the fourth quarter valued at $51,642,000. Finally, Advocate Group LLC boosted its holdings in Graphic Packaging by 14.5% in the fourth quarter. Advocate Group LLC now owns 226,399 shares of the industrial products company's stock valued at $6,149,000 after purchasing an additional 28,703 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Graphic Packaging Stock Up 0.0 %

Graphic Packaging stock traded up $0.01 during midday trading on Friday, reaching $26.22. The company's stock had a trading volume of 2,621,071 shares, compared to its average volume of 2,329,577. Graphic Packaging Holding has a fifty-two week low of $25.13 and a fifty-two week high of $30.70. 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 company has a market cap of $7.87 billion, a P/E ratio of 12.14, a P/E/G ratio of 2.10 and a beta of 0.81. The business has a 50-day simple moving average of $27.00 and a 200-day simple moving average of $28.33.

Graphic Packaging (NYSE:GPK - Get Free Report) last posted its quarterly 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 net margin of 7.47% and a return on equity of 25.96%. The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.15 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm's quarterly revenue was down 6.8% on a year-over-year basis. On average, research analysts expect that Graphic Packaging Holding will post 2.47 earnings per share for the current fiscal year.

Graphic Packaging Increases Dividend

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

Wall Street Analyst Weigh In

GPK has been the subject of a number of recent research reports. Wells Fargo & Company upgraded Graphic Packaging from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $24.00 to $27.00 in a report on Monday, January 6th. Truist Financial lifted their target price on Graphic Packaging from $30.00 to $32.00 and gave the company a "hold" rating in a report on Monday, January 6th. Robert W. Baird decreased their target price on Graphic Packaging from $36.00 to $32.00 and set an "outperform" rating for the company in a report on Wednesday, February 5th. Finally, Citigroup reiterated a "neutral" rating and issued a $30.00 target price (down from $33.00) on shares of Graphic Packaging in a report on Monday, January 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Graphic Packaging presently has an average rating of "Hold" and an average price target of $31.70.

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.